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Registration number: 02898214

Lynton Services Mayfair (1994) Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Lynton Services Mayfair (1994) Limited

Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3

3

Current assets

 

Stocks

5

3,480

20,000

Debtors

6

57,426

111,961

Cash at bank and in hand

 

69,517

54,710

 

130,423

186,671

Creditors: Amounts falling due within one year

7

(78,717)

(126,884)

Net current assets

 

51,706

59,787

Net assets

 

51,709

59,790

Capital and reserves

 

Called up share capital

2

2

Retained earnings

51,707

59,788

Shareholders' funds

 

51,709

59,790

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 28 January 2025
 

.........................................

G H Garland

Director

Company registration number: 02898214

 

Lynton Services Mayfair (1994) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of building maintenance services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company had net assets at 30 April 2024 amounting to £51,709 including cash at bank of £69,517.

Having made enquires the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue based upon the contractual stage of completion of the building maintenance services.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lynton Services Mayfair (1994) Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

4 years straight line

Plant and equipment

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company during the year was 3 (2023 - 3).

 

Lynton Services Mayfair (1994) Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and Equipment
£

Total
£

Cost or valuation

At 1 May 2023

1,658

1,130

2,788

At 30 April 2024

1,658

1,130

2,788

Depreciation

At 1 May 2023

1,657

1,128

2,785

At 30 April 2024

1,657

1,128

2,785

Carrying amount

At 30 April 2024

1

2

3

At 30 April 2023

1

2

3

5

Stocks

2024
£

2023
£

Work in progress

3,480

20,000

6

Debtors

2024
£

2023
£

Trade debtors

56,052

111,961

Other debtors

1,374

-

57,426

111,961

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

45,400

118,666

Taxation and social security

17,345

4,209

Accruals and deferred income

14,946

2,000

Other creditors

1,026

2,009

78,717

126,884

 

Lynton Services Mayfair (1994) Limited

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

8

Transactions with directors

At 30 April 2024 an amount of £Nil (2023: £Nil) was due from the directors. During the year there were advances and repayments of £10,683. No interest has been charged (2023: £513). There are no agreed terms in place.