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REGISTERED NUMBER: SC457912 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Lynsay Bell Limited

Lynsay Bell Limited (Registered number: SC457912)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lynsay Bell Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs L Manson
T J Manson





REGISTERED OFFICE: Unit 2,
The Stables
Orwell Farm
Kinross
KY13 9HB





REGISTERED NUMBER: SC457912 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Lynsay Bell Limited (Registered number: SC457912)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 423,039 410,645

CURRENT ASSETS
Inventories 48,064 36,555
Debtors 5 515,557 456,787
Cash at bank 66,459 -
630,080 493,342
CREDITORS
Amounts falling due within one year 6 294,686 234,964
NET CURRENT ASSETS 335,394 258,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,433

669,023

CREDITORS
Amounts falling due after more than one
year

7

(109,609

)

(163,463

)

PROVISIONS FOR LIABILITIES (9,000 ) (5,500 )
NET ASSETS 639,824 500,060

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 639,724 499,960
SHAREHOLDERS' FUNDS 639,824 500,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lynsay Bell Limited (Registered number: SC457912)

Statement of Financial Position - continued
31 August 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 Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





T J Manson - Director


Lynsay Bell Limited (Registered number: SC457912)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lynsay Bell Limited is a private company, limited by shares , registered in Scotland. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Lynsay Bell Limited (Registered number: SC457912)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 387,870 64,042 48,954 500,866
Additions - 23,490 - 23,490
At 31 August 2024 387,870 87,532 48,954 524,356
DEPRECIATION
At 1 September 2023 - 47,227 42,994 90,221
Charge for year - 6,439 4,657 11,096
At 31 August 2024 - 53,666 47,651 101,317
NET BOOK VALUE
At 31 August 2024 387,870 33,866 1,303 423,039
At 31 August 2023 387,870 16,815 5,960 410,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 178,027 129,581
Orwell Farm Ltd 315,608 304,121
Orwell Trading Ltd 21,684 19,684
Prepayments 238 3,401
515,557 456,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 44,000 68,106
Energy saving loan 12,636 12,636
Trade creditors 8,895 8,735
Tax 71,315 20,981
Social security and other taxes 9,916 2,972
VAT 82,092 61,677
Other creditors 25,832 24,009
Directors' current accounts - 15,848
Accrued expenses 40,000 20,000
294,686 234,964

Lynsay Bell Limited (Registered number: SC457912)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
CBILS loan over 1 year 64,023 107,401
Energy saving loan over 1 year 45,586 56,062
109,609 163,463

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Manson.