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REGISTERED NUMBER: 06006717 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Lynvale Limited

Lynvale Limited (Registered number: 06006717)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Lynvale Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: S Baxendale
Mrs J C E Baxendale





SECRETARY: Mrs J C E Baxendale





REGISTERED OFFICE: Suite 17, Cautrac Serviced Offices
The Causeway
Great Horkesley
Colchester
Essex
CO6 4EJ





REGISTERED NUMBER: 06006717 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Lynvale Limited (Registered number: 06006717)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 665,735 702,002
665,735 702,002

CURRENT ASSETS
Stocks 432,766 393,743
Debtors 6 408,519 405,765
Cash at bank 608,409 747,940
1,449,694 1,547,448
CREDITORS
Amounts falling due within one year 7 403,825 455,949
NET CURRENT ASSETS 1,045,869 1,091,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,711,604

1,793,501

PROVISIONS FOR LIABILITIES 114,375 122,081
NET ASSETS 1,597,229 1,671,420

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,597,029 1,671,220
SHAREHOLDERS' FUNDS 1,597,229 1,671,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Lynvale Limited (Registered number: 06006717)

Balance Sheet - continued
30 November 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 15 January 2025 and were signed on its behalf by:




S Baxendale - Director



Mrs J C E Baxendale - Director


Lynvale Limited (Registered number: 06006717)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Lynvale 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of one years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Lynvale Limited (Registered number: 06006717)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 43,397
AMORTISATION
At 1 December 2023
and 30 November 2024 43,397
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 1,222,392 116,178 99,435 53,625 1,491,630
Additions 69,493 18,818 - - 88,311
At 30 November 2024 1,291,885 134,996 99,435 53,625 1,579,941
DEPRECIATION
At 1 December 2023 662,433 42,807 47,478 36,910 789,628
Charge for year 94,418 13,828 12,989 3,343 124,578
At 30 November 2024 756,851 56,635 60,467 40,253 914,206
NET BOOK VALUE
At 30 November 2024 535,034 78,361 38,968 13,372 665,735
At 30 November 2023 559,959 73,371 51,957 16,715 702,002

Lynvale Limited (Registered number: 06006717)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 390,415 386,983
Other debtors 18,104 18,782
408,519 405,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 255,600 261,031
Taxation and social security 148,225 194,918
403,825 455,949

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Baxendale.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lynvale 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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lynvale Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lynvale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lynvale Limited and state those matters that we have agreed to state to the Board of Directors of Lynvale Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lynvale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lynvale Limited. You consider that Lynvale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lynvale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


15 January 2025