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Registered number: 05750003
P.F. Lynch Environmental Services Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
Footprints Accountancy
CIMA
24 Gander Lane
Barlborough
Chesterfield
S43 4PZ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05750003
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 411,955 303,278
411,955 303,278
CURRENT ASSETS
Debtors 6 179,679 190,592
Cash at bank and in hand 57,775 334,374
237,454 524,966
Creditors: Amounts Falling Due Within One Year 7 (257,248 ) (222,813 )
NET CURRENT ASSETS (LIABILITIES) (19,794 ) 302,153
TOTAL ASSETS LESS CURRENT LIABILITIES 392,161 605,431
Creditors: Amounts Falling Due After More Than One Year 8 (134,382 ) (192,355 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (72,972 ) (72,972 )
NET ASSETS 184,807 340,104
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 183,807 339,104
SHAREHOLDERS' FUNDS 184,807 340,104
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Page 2
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Lynch
Director
20 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P.F. Lynch Environmental Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05750003 . The registered office is Carter Lane East South Normanton, Alfreton, Derbyshire, DE55 2DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2022 100,000
As at 31 May 2023 100,000
Amortisation
As at 1 June 2022 100,000
As at 31 May 2023 100,000
Net Book Value
As at 31 May 2023 -
As at 1 June 2022 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2022 321,470 144,981 5,041 6,548 478,040
Additions 94,808 123,577 - - 218,385
As at 31 May 2023 416,278 268,558 5,041 6,548 696,425
Depreciation
As at 1 June 2022 126,447 38,310 3,916 6,089 174,762
Provided during the period 55,006 54,117 194 391 109,708
As at 31 May 2023 181,453 92,427 4,110 6,480 284,470
Net Book Value
As at 31 May 2023 234,825 176,131 931 68 411,955
As at 1 June 2022 195,023 106,671 1,125 459 303,278
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,543 109,490
Prepayments and accrued income 30,462 25,427
Other debtors 40,000 40,000
CIS Suffered (Debtors < 1 year) (3,345 ) 11,472
VAT 20,684 -
Other taxes and social security 2,452 -
Director's loan account 79,883 4,203
179,679 190,592
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 84,329 84,329
Trade creditors 8,293 50,368
Bank loans and overdrafts 30,000 10,000
Other taxes and social security - 5,997
VAT - 45,468
Yorkshire Bank credit card (Current liabilities - creditors < 1 year) 34,002 18,201
Accruals and deferred income 100,624 8,450
257,248 222,813
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 134,382 162,355
Bank loans - 30,000
134,382 192,355
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 84,329 84,329
Later than one year and not later than five years 134,382 162,355
218,711 246,684
218,711 246,684
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2022 Amounts advanced Amounts repaid Amounts written off As at 31 May 2023
£ £ £ £ £
Mr John Lynch - - - - 79,883
The above loan is unsecured, interest free and repayable on demand.
J P Lynch has a current account with the company during the year. The amount is interest-free and bears no terms of repayment.


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