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REGISTERED NUMBER: 05738824 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

D W LYNN LIMITED

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W LYNN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Lynn



SECRETARY: Mrs M Lynn



REGISTERED OFFICE: Cliveden
Sandybank
Chipping
Preston
Lancashire
PR3 2GA



REGISTERED NUMBER: 05738824 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
East Lothian
EH11 3XP

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 104,783 95,155
104,783 95,155

CURRENT ASSETS
Debtors 7 232,796 242,537
Prepayments and accrued income 2,349 2,956
Cash at bank 253,754 254,698
488,899 500,191
CREDITORS
Amounts falling due within one year 8 155,603 127,696
NET CURRENT ASSETS 333,296 372,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,079

467,650

PROVISIONS FOR LIABILITIES 19,909 18,079
NET ASSETS 418,170 449,571

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,070 449,471
SHAREHOLDERS' FUNDS 418,170 449,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





D Lynn - Director


D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

D W Lynn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,000
AMORTISATION
At 1 April 2023
and 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 72,400 97,762 170,162
Additions 5,137 59,675 64,812
Disposals - (46,269 ) (46,269 )
At 31 March 2024 77,537 111,168 188,705
DEPRECIATION
At 1 April 2023 39,353 35,654 75,007
Charge for year 5,728 24,111 29,839
Eliminated on disposal - (20,924 ) (20,924 )
At 31 March 2024 45,081 38,841 83,922
NET BOOK VALUE
At 31 March 2024 32,456 72,327 104,783
At 31 March 2023 33,047 62,108 95,155

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 232,796 242,537

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 498
Trade creditors 16,333 -
Tax 31,580 31,008
Social security and other taxes 3,702 4,687
VAT 34,557 41,923
Directors current account 66,581 46,880
Accrued expenses 2,850 2,700
155,603 127,696

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £92,000 (2023 - £46,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Lynn.