2023-07-012024-06-302024-06-30false10223335LYNCHCO LIMITED2024-11-22iso4217:GBPxbrli:pure102233352023-07-01102233352024-06-30102233352023-07-012024-06-30102233352022-07-01102233352023-06-30102233352022-07-012023-06-3010223335bus:SmallEntities2023-07-012024-06-3010223335bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3010223335bus:FullAccounts2023-07-012024-06-3010223335bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010223335core:WithinOneYear2024-06-3010223335core:AfterOneYear2024-06-3010223335core:WithinOneYear2023-06-3010223335core:AfterOneYear2023-06-3010223335core:ShareCapital2024-06-3010223335core:SharePremium2024-06-3010223335core:RevaluationReserve2024-06-3010223335core:OtherReservesSubtotal2024-06-3010223335core:RetainedEarningsAccumulatedLosses2024-06-3010223335core:ShareCapital2023-06-3010223335core:SharePremium2023-06-3010223335core:RevaluationReserve2023-06-3010223335core:OtherReservesSubtotal2023-06-3010223335core:RetainedEarningsAccumulatedLosses2023-06-3010223335core:LandBuildings2024-06-3010223335core:PlantMachinery2024-06-3010223335core:Vehicles2024-06-3010223335core:FurnitureFittings2024-06-3010223335core:OfficeEquipment2024-06-3010223335core:NetGoodwill2024-06-3010223335core:IntangibleAssetsOtherThanGoodwill2024-06-3010223335core:ListedExchangeTraded2024-06-3010223335core:UnlistedNon-exchangeTraded2024-06-3010223335core:LandBuildings2023-06-3010223335core:PlantMachinery2023-06-3010223335core:Vehicles2023-06-3010223335core:FurnitureFittings2023-06-3010223335core:OfficeEquipment2023-06-3010223335core:NetGoodwill2023-06-3010223335core:IntangibleAssetsOtherThanGoodwill2023-06-3010223335core:ListedExchangeTraded2023-06-3010223335core:UnlistedNon-exchangeTraded2023-06-3010223335core:LandBuildings2023-07-012024-06-3010223335core:PlantMachinery2023-07-012024-06-3010223335core:Vehicles2023-07-012024-06-3010223335core:FurnitureFittings2023-07-012024-06-3010223335core:OfficeEquipment2023-07-012024-06-3010223335core:NetGoodwill2023-07-012024-06-3010223335core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3010223335core:ListedExchangeTraded2023-07-012024-06-3010223335core:UnlistedNon-exchangeTraded2023-07-012024-06-3010223335core:MoreThanFiveYears2023-07-012024-06-3010223335core:Non-currentFinancialInstruments2024-06-3010223335core:Non-currentFinancialInstruments2023-06-3010223335dpl:CostSales2023-07-012024-06-3010223335dpl:DistributionCosts2023-07-012024-06-3010223335core:LandBuildings2023-07-012024-06-3010223335core:PlantMachinery2023-07-012024-06-3010223335core:Vehicles2023-07-012024-06-3010223335core:FurnitureFittings2023-07-012024-06-3010223335core:OfficeEquipment2023-07-012024-06-3010223335dpl:AdministrativeExpenses2023-07-012024-06-3010223335core:NetGoodwill2023-07-012024-06-3010223335core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3010223335dpl:GroupUndertakings2023-07-012024-06-3010223335dpl:ParticipatingInterests2023-07-012024-06-3010223335dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3010223335core:ListedExchangeTraded2023-07-012024-06-3010223335dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3010223335core:UnlistedNon-exchangeTraded2023-07-012024-06-3010223335dpl:CostSales2022-07-012023-06-3010223335dpl:DistributionCosts2022-07-012023-06-3010223335core:LandBuildings2022-07-012023-06-3010223335core:PlantMachinery2022-07-012023-06-3010223335core:Vehicles2022-07-012023-06-3010223335core:FurnitureFittings2022-07-012023-06-3010223335core:OfficeEquipment2022-07-012023-06-3010223335dpl:AdministrativeExpenses2022-07-012023-06-3010223335core:NetGoodwill2022-07-012023-06-3010223335core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3010223335dpl:GroupUndertakings2022-07-012023-06-3010223335dpl:ParticipatingInterests2022-07-012023-06-3010223335dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3010223335core:ListedExchangeTraded2022-07-012023-06-3010223335dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3010223335core:UnlistedNon-exchangeTraded2022-07-012023-06-3010223335core:NetGoodwill2024-06-3010223335core:IntangibleAssetsOtherThanGoodwill2024-06-3010223335core:LandBuildings2024-06-3010223335core:PlantMachinery2024-06-3010223335core:Vehicles2024-06-3010223335core:FurnitureFittings2024-06-3010223335core:OfficeEquipment2024-06-3010223335core:AfterOneYear2024-06-3010223335core:WithinOneYear2024-06-3010223335core:ListedExchangeTraded2024-06-3010223335core:UnlistedNon-exchangeTraded2024-06-3010223335core:ShareCapital2024-06-3010223335core:SharePremium2024-06-3010223335core:RevaluationReserve2024-06-3010223335core:OtherReservesSubtotal2024-06-3010223335core:RetainedEarningsAccumulatedLosses2024-06-3010223335core:NetGoodwill2023-06-3010223335core:IntangibleAssetsOtherThanGoodwill2023-06-3010223335core:LandBuildings2023-06-3010223335core:PlantMachinery2023-06-3010223335core:Vehicles2023-06-3010223335core:FurnitureFittings2023-06-3010223335core:OfficeEquipment2023-06-3010223335core:AfterOneYear2023-06-3010223335core:WithinOneYear2023-06-3010223335core:ListedExchangeTraded2023-06-3010223335core:UnlistedNon-exchangeTraded2023-06-3010223335core:ShareCapital2023-06-3010223335core:SharePremium2023-06-3010223335core:RevaluationReserve2023-06-3010223335core:OtherReservesSubtotal2023-06-3010223335core:RetainedEarningsAccumulatedLosses2023-06-3010223335core:NetGoodwill2022-07-0110223335core:IntangibleAssetsOtherThanGoodwill2022-07-0110223335core:LandBuildings2022-07-0110223335core:PlantMachinery2022-07-0110223335core:Vehicles2022-07-0110223335core:FurnitureFittings2022-07-0110223335core:OfficeEquipment2022-07-0110223335core:AfterOneYear2022-07-0110223335core:WithinOneYear2022-07-0110223335core:ListedExchangeTraded2022-07-0110223335core:UnlistedNon-exchangeTraded2022-07-0110223335core:ShareCapital2022-07-0110223335core:SharePremium2022-07-0110223335core:RevaluationReserve2022-07-0110223335core:OtherReservesSubtotal2022-07-0110223335core:RetainedEarningsAccumulatedLosses2022-07-0110223335core:AfterOneYear2023-07-012024-06-3010223335core:WithinOneYear2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3010223335core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3010223335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3010223335core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3010223335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3010223335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3010223335bus:Director12023-07-012024-06-3010223335bus:Director22023-07-012024-06-30102233351bus:Director12023-07-01102233351bus:Director12023-07-012024-06-30102233351bus:Director12024-06-30102233352bus:Director22023-07-01102233352bus:Director22023-07-012024-06-30102233352bus:Director22024-06-30102233352023-07-01102233352023-07-012024-06-30102233352024-06-30

LYNCHCO LIMITED

Registered Number
10223335
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

LYNCHCO LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Daniel Matthew Lynch
Keisha Faye Lynch

Registered Address

22b Highgate West Hill
London
N6 6NP

Registered Number

10223335 (England and Wales)
LYNCHCO LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets328,9738,841
28,9738,841
Current assets
Debtors476,80421,929
Cash at bank and on hand71,768114,892
148,572136,821
Creditors amounts falling due within one year5(44,959)(43,773)
Net current assets (liabilities)103,61393,048
Total assets less current liabilities132,586101,889
Creditors amounts falling due after one year6(5,253)-
Net assets127,333101,889
Capital and reserves
Called up share capital22
Profit and loss account127,331101,887
Shareholders' funds127,333101,889
The financial statements were approved and authorised for issue by the Board of Directors on 22 November 2024, and are signed on its behalf by:
Daniel Matthew Lynch
Director
Keisha Faye Lynch
Director

Registered Company No. 10223335
LYNCHCO LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
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.
Revenue from rendering of services
Revenue 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not provided on land and buildings. Depreciation is provided on all other tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 July 237,9028,33516,237
Additions16,4684,80021,268
Disposals-(523)(523)
At 30 June 2424,37012,61236,982
Depreciation and impairment
At 01 July 23-7,3967,396
Charge for year-1,1361,136
On disposals-(523)(523)
At 30 June 24-8,0098,009
Net book value
At 30 June 2424,3704,60328,973
At 30 June 237,9029398,841
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables52,057-
Amounts owed by associates and joint ventures / participating interests15,05614,730
Other debtors5,7086,797
Prepayments and accrued income3,983402
Total76,80421,929
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-256
Bank borrowings and overdrafts5,12315,373
Taxation and social security38,21128,144
Accrued liabilities and deferred income1,625-
Total44,95943,773
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,253-
Total5,253-
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Daniel Matthew Lynch7,54263708,179
Interest free loan
Keisha Faye Lynch7,18803126,876
Interest free loan
14,73063731215,055