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Registration number: 09024139

Lyndon Associates Marketing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Lyndon Associates Marketing Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Lyndon Associates Marketing Limited

(Registration number: 09024139)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

6

15,679

18,610

Cash at bank and in hand

 

9,459

6,274

 

25,138

24,884

Creditors: Amounts falling due within one year

7

(22,256)

(20,356)

Total assets less current liabilities

 

2,882

4,528

Creditors: Amounts falling due after more than one year

7

(2,214)

(4,005)

Net assets

 

668

523

Capital and reserves

 

Called up share capital

8

40

40

Retained earnings

628

483

Shareholders' funds

 

668

523

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 November 2024
 

Miss R Hepburn
Director

   
     
 

Lyndon Associates Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 26 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lyndon Associates Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Lyndon Associates Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

10,600

10,600

At 31 May 2024

10,600

10,600

Amortisation

At 1 June 2023

10,600

10,600

At 31 May 2024

10,600

10,600

Carrying amount

At 31 May 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

905

905

At 31 May 2024

905

905

Depreciation

At 1 June 2023

905

905

At 31 May 2024

905

905

Carrying amount

At 31 May 2024

-

-

6

Debtors

Current

2024
£

2023
£

Trade debtors

6,789

7,750

Other debtors

8,890

10,860

 

15,679

18,610

 

Lyndon Associates Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

1,952

2,162

Trade creditors

 

4,722

2,936

Taxation and social security

 

15,372

14,887

Other creditors

 

210

371

 

22,256

20,356

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,214

4,005

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

20

20

20

20

Ordinary A shares of £1 each

19

19

19

19

Ordinary B shares of £1 each

1

1

1

1

40

40

40

40

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,214

4,005

 

Lyndon Associates Marketing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,952

2,162