Lynne Franks Ltd 04333820 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is consultancy and training. Digita Accounts Production Advanced 6.30.9574.0 true true 04333820 2023-08-01 2024-07-31 04333820 2024-07-31 04333820 core:RetainedEarningsAccumulatedLosses 2024-07-31 04333820 core:ShareCapital 2024-07-31 04333820 core:CurrentFinancialInstruments 2024-07-31 04333820 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 04333820 core:OfficeEquipment 2024-07-31 04333820 bus:SmallEntities 2023-08-01 2024-07-31 04333820 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04333820 bus:FilletedAccounts 2023-08-01 2024-07-31 04333820 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04333820 bus:RegisteredOffice 2023-08-01 2024-07-31 04333820 bus:Director1 2023-08-01 2024-07-31 04333820 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04333820 core:OfficeEquipment 2023-08-01 2024-07-31 04333820 countries:EnglandWales 2023-08-01 2024-07-31 04333820 2023-07-31 04333820 core:OfficeEquipment 2023-07-31 04333820 2022-08-01 2023-07-31 04333820 2023-07-31 04333820 core:RetainedEarningsAccumulatedLosses 2023-07-31 04333820 core:ShareCapital 2023-07-31 04333820 core:CurrentFinancialInstruments 2023-07-31 04333820 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04333820 core:OfficeEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 04333820

Lynne Franks Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Lynne Franks Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lynne Franks Ltd

Company Information

Director

L Franks

Registered office

4 Market Place
Wincanton
Somerset
BA9 9LD

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Lynne Franks Ltd

(Registration number: 04333820)
Balance Sheet
31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,761

801

Current assets

 

Debtors

5

23,843

17,259

Cash at bank and in hand

 

423

8,027

 

24,266

25,286

Creditors: Amounts falling due within one year

6

(89,873)

(83,596)

Net current liabilities

 

(65,607)

(58,310)

Net liabilities

 

(63,846)

(57,509)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(63,847)

(57,510)

Shareholders' deficit

 

(63,846)

(57,509)

 

Lynne Franks Ltd

(Registration number: 04333820)
Balance Sheet
31 July 2024

For the financial year ending 31 July 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 her 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 February 2025
 

.........................................
L Franks
Director

 

Lynne Franks Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 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:
4 Market Place
Wincanton
Somerset
BA9 9LD

These financial statements were authorised for issue by the director on 3 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Although the Balance Sheet shows negative reserves the financial statements have been prepared on a going concern basis due to the continuing support of the director.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Lynne Franks Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% per annum on the reducing balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Lynne Franks Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

15,166

15,166

Additions

1,829

1,829

At 31 July 2024

16,995

16,995

Depreciation

At 1 August 2023

14,365

14,365

Charge for the year

869

869

At 31 July 2024

15,234

15,234

Carrying amount

At 31 July 2024

1,761

1,761

At 31 July 2023

801

801

5

Debtors

2024
£

2023
£

Trade debtors

9,334

3,500

Other debtors

14,509

13,759

23,843

17,259

 

Lynne Franks Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,046

429

Accruals and deferred income

996

924

Other creditors

87,831

82,243

89,873

83,596