Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08004757 Mrs Claire Oehler Miss Roxanne Hunt Mrs. Norma Peters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08004757 2023-03-31 08004757 2024-03-31 08004757 2023-04-01 2024-03-31 08004757 frs-core:CurrentFinancialInstruments 2024-03-31 08004757 frs-core:Non-currentFinancialInstruments 2024-03-31 08004757 frs-core:ComputerEquipment 2024-03-31 08004757 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08004757 frs-core:ComputerEquipment 2023-03-31 08004757 frs-core:FurnitureFittings 2024-03-31 08004757 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08004757 frs-core:FurnitureFittings 2023-03-31 08004757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08004757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08004757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08004757 frs-core:PlantMachinery 2024-03-31 08004757 frs-core:PlantMachinery 2023-04-01 2024-03-31 08004757 frs-core:PlantMachinery 2023-03-31 08004757 frs-core:ShareCapital 2024-03-31 08004757 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08004757 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08004757 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08004757 frs-bus:SmallEntities 2023-04-01 2024-03-31 08004757 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08004757 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08004757 frs-bus:Director1 2023-04-01 2024-03-31 08004757 frs-bus:Director2 2023-04-01 2024-03-31 08004757 frs-bus:Director3 2023-04-01 2024-03-31 08004757 frs-countries:EnglandWales 2023-04-01 2024-03-31 08004757 2022-03-31 08004757 2023-03-31 08004757 2022-04-01 2023-03-31 08004757 frs-core:CurrentFinancialInstruments 2023-03-31 08004757 frs-core:Non-currentFinancialInstruments 2023-03-31 08004757 frs-core:ShareCapital 2023-03-31 08004757 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08004757
Lynton Charles Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08004757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 308,313 314,018
308,313 314,018
CURRENT ASSETS
Stocks 5 1,042 992
Debtors 6 9,132 18,510
Cash at bank and in hand 254,311 200,568
264,485 220,070
Creditors: Amounts Falling Due Within One Year 7 (78,997 ) (98,741 )
NET CURRENT ASSETS (LIABILITIES) 185,488 121,329
TOTAL ASSETS LESS CURRENT LIABILITIES 493,801 435,347
Creditors: Amounts Falling Due After More Than One Year 8 (247,540 ) (173,716 )
NET ASSETS 246,261 261,631
CAPITAL AND RESERVES
Called up share capital 9 175 175
Profit and Loss Account 246,086 261,456
SHAREHOLDERS' FUNDS 246,261 261,631
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Claire Oehler
Director
Miss Roxanne Hunt
Director
Mrs. Norma Peters
Director
25 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lynton Charles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08004757 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to Property in accordance with the property
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Tangible Assets
Land & Property
Improvements to Property Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 315,585 63,547 43,462 8,270 430,864
Additions - - - 3,500 3,500
As at 31 March 2024 315,585 63,547 43,462 11,770 434,364
Depreciation
As at 1 April 2023 56,716 31,245 21,596 7,289 116,846
Provided during the period - 4,845 3,279 1,081 9,205
As at 31 March 2024 56,716 36,090 24,875 8,370 126,051
Net Book Value
As at 31 March 2024 258,869 27,457 18,587 3,400 308,313
As at 1 April 2023 258,869 32,302 21,866 981 314,018
5. Stocks
2024 2023
£ £
Stock 1,042 992
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,618 17,486
Other debtors 2,514 1,024
9,132 18,510
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,203 42,000
Bank loans and overdrafts 10,000 10,000
Corporation tax liability 29,915 16,221
Social security and other tax 3,255 2,524
Pension Creditor 764 675
Accrued expenses 33,860 27,321
78,997 98,741
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2-5 years 25,856 31,112
Directors loan account 221,684 142,604
247,540 173,716
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 175 175
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