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REGISTERED NUMBER: 01348298 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LYNBROOK MANAGED SERVICES LIMITED

LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Statement of Directors' Responsibilities 8

Independent Chartered Certified Accountants' Review
Report

9


LYNBROOK MANAGED SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: I R Morgan
N J Campbell



SECRETARY: N J Campbell



REGISTERED OFFICE: 10 Prospect Place
Pimbo
Skelmersdale
Lancashire
WN8 9QD



REGISTERED NUMBER: 01348298 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: National Westminster Bank plc
2 Golden Hill Lane
Leyland
Preston
Lancashire
PR25 3LP



SOLICITORS: AB Corporate LLP
3 Hardman Street
Spinningfields
Manchester
M3 3HF

LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,634,185 1,447,983

CURRENT ASSETS
Stocks 5 168,553 299,457
Debtors 6 1,048,354 1,069,412
Cash at bank and in hand 3,427,838 3,278,857
4,644,745 4,647,726
CREDITORS
Amounts falling due within one year 7 864,245 858,262
NET CURRENT ASSETS 3,780,500 3,789,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,414,685

5,237,447

PROVISIONS FOR LIABILITIES 8 311,025 246,100
NET ASSETS 5,103,660 4,991,347

CAPITAL AND RESERVES
Called up share capital 4,100 4,100
Retained earnings 5,099,560 4,987,247
SHAREHOLDERS' FUNDS 5,103,660 4,991,347

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

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

The directors acknowledge their 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.

LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





I R Morgan - Director


LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lynbrook Managed Services 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the fair value of income received from the supply, maintenance and leasing of office equipment, principally photocopiers.

The company recognises revenue when the goods have been delivered and the title of goods has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment on rental - over the period of the lease

Tangible fixed assets are measured at cost less depreciation and any impairment.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

Stocks
Stocks are measured at the lower of cost and selling price less cost to sell. Cost is measured at the most recent purchase price and other costs incurred in bringing the stocks to their present location and condition.

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

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 statement of financial position date.


LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Short-term employee 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.

Short term employee benefits are recognised as an expense in the period in which they are incurred.

Financial instruments
Trade and other debtors and trade creditors are measured at the transaction price and thereafter stated at amortised cost using effective interest rate method, less impairment losses.

Other financial assets and liabilities shall be measured at amortised cost using the effective interest rate. Financial assets and liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Amounts due to and from related undertakings, including directors, are repayable on demand and are measured at the undiscounted amount due.

Government income
Government income comprises grants and subsidies provided as a direct result of the Covid-19 pandemic.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Equipment
machinery vehicles on rental Totals
£    £    £    £   
COST
At 1 June 2023 138,408 598,480 4,814,558 5,551,446
Additions 434 40,499 756,192 797,125
Disposals - (41,723 ) (101,009 ) (142,732 )
At 31 May 2024 138,842 597,256 5,469,741 6,205,839
DEPRECIATION
At 1 June 2023 94,052 261,078 3,748,333 4,103,463
Charge for year 8,958 92,154 474,727 575,839
Eliminated on disposal - (32,229 ) (75,419 ) (107,648 )
At 31 May 2024 103,010 321,003 4,147,641 4,571,654
NET BOOK VALUE
At 31 May 2024 35,832 276,253 1,322,100 1,634,185
At 31 May 2023 44,356 337,402 1,066,225 1,447,983


LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. STOCKS
2024 2023
£    £   
Goods for resale and
consumables 168,553 299,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224,019 251,083
Amounts owed by group undertakings 761,110 761,110
Other debtors 1,248 1,247
Prepayments and accrued income 61,977 55,972
1,048,354 1,069,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 216,311 297,705
Corporation tax 245,004 180,305
Social security and other taxes 180,927 173,461
Other creditors 56,595 52,650
Accruals and deferred income 165,408 154,141
864,245 858,262

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 311,025 246,100

Deferred
tax
£   
Balance at 1 June 2023 246,100
Accelerated capital allowances 64,925
Balance at 31 May 2024 311,025

9. PENSION COMMITMENTS

The company operates defined contribution pension schemes, for the directors and senior employees, whose assets are held separately from those of the company in independently administered funds, contributions in the year amount to £47,581 (2023: £47,067). £11,132 (2023: £10,200) remains outstanding at the year end.

10. OTHER FINANCIAL COMMITMENTS

The company has total operating lease commitments amounting to £72,000 (2023: £72,000).

LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year a rental charge of £72,000 (2023: £72,000) has been paid to P Morgan Property a business controlled by the wife of a director.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I R Morgan.

13. ULTIMATE PARENT COMPANY

The ultimate parent is Evergreen Digital Services Limited, a company registered in England & Wales. The company's registered office is 10 Prospect Place, Pimbo, Skelmersdale, Lancashire, WN8 9QD.

LYNBROOK MANAGED SERVICES LIMITED (REGISTERED NUMBER: 01348298)

STATEMENT OF DIRECTORS' RESPONSIBILITIES
for the Year Ended 31 May 2024


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:





I R Morgan - Director

25 November 2024

INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS O
LYNBROOK MANAGED SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Lynbrook Managed Services Limited for the year ended 31 May 2024, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page nine, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 May 2024 and of its profit for the year then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Use of our report
This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB


INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTORS O
LYNBROOK MANAGED SERVICES LIMITED


25 November 2024