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REGISTERED NUMBER: SC556042 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD

DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 7,200
Tangible assets 5 21,730 27,163
26,530 34,363

CURRENT ASSETS
Stocks 6 30,550 25,550

CREDITORS
Amounts falling due within one year 7 62,707 34,223
NET CURRENT LIABILITIES (32,157 ) (8,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,627

)

25,690

CREDITORS
Amounts falling due after more than one
year

8

5,934

13,132
NET (LIABILITIES)/ASSETS (11,561 ) 12,558

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (11,563 ) 12,556
(11,561 ) 12,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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.

DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)

BALANCE SHEET - continued
31 January 2024



The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





D Lynch - Director


DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

David Lynch Joiner & Building Contractor Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC556042

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
North Lanarkshire
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 12,000
AMORTISATION
At 1 February 2023 4,800
Amortisation for year 2,400
At 31 January 2024 7,200
NET BOOK VALUE
At 31 January 2024 4,800
At 31 January 2023 7,200

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 7,500 27,995 35,495
DEPRECIATION
At 1 February 2023 2,000 6,332 8,332
Charge for year 1,100 4,333 5,433
At 31 January 2024 3,100 10,665 13,765
NET BOOK VALUE
At 31 January 2024 4,400 17,330 21,730
At 31 January 2023 5,500 21,663 27,163

DAVID LYNCH JOINER & BUILDING CONTRACTOR
LTD (REGISTERED NUMBER: SC556042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 27,995
DEPRECIATION
At 1 February 2023 6,332
Charge for year 4,333
At 31 January 2024 10,665
NET BOOK VALUE
At 31 January 2024 17,330
At 31 January 2023 21,663

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 30,550 25,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,162 6,136
Hire purchase contracts 7,198 7,198
Trade creditors (1 ) -
Tax 6,150 5,627
Social security and other taxes 8,575 7,169
VAT 22,931 6,274
Directors' current accounts 12,297 -
Accrued expenses 3,395 1,819
62,707 34,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 5,934 13,132

9. FINANCIAL INSTRUMENTS

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.