Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11315086 Mrs Carole Butler Mr Nigel Butler Mr Henry Wardle Mr Jack Butler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11315086 2023-05-31 11315086 2024-05-31 11315086 2023-06-01 2024-05-31 11315086 frs-core:CurrentFinancialInstruments 2024-05-31 11315086 frs-core:Non-currentFinancialInstruments 2024-05-31 11315086 frs-core:FurnitureFittings 2024-05-31 11315086 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11315086 frs-core:FurnitureFittings 2023-05-31 11315086 frs-core:MotorVehicles 2024-05-31 11315086 frs-core:MotorVehicles 2023-06-01 2024-05-31 11315086 frs-core:MotorVehicles 2023-05-31 11315086 frs-core:WithinOneYear 2024-05-31 11315086 frs-core:ShareCapital 2024-05-31 11315086 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11315086 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11315086 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11315086 frs-bus:SmallEntities 2023-06-01 2024-05-31 11315086 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11315086 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11315086 frs-bus:Director1 2023-06-01 2024-05-31 11315086 frs-bus:Director2 2023-06-01 2024-05-31 11315086 frs-bus:Director3 2023-06-01 2024-05-31 11315086 frs-bus:Director4 2023-06-01 2024-05-31 11315086 frs-countries:EnglandWales 2023-06-01 2024-05-31 11315086 2022-05-31 11315086 2023-05-31 11315086 2022-06-01 2023-05-31 11315086 frs-core:CurrentFinancialInstruments 2023-05-31 11315086 frs-core:Non-currentFinancialInstruments 2023-05-31 11315086 frs-core:WithinOneYear 2023-05-31 11315086 frs-core:ShareCapital 2023-05-31 11315086 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11315086
Lynx Bowling Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Rothenburg Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11315086
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,528 128,932
115,528 128,932
CURRENT ASSETS
Stocks 5 71,282 156,942
Debtors 6 160,804 213,008
Cash at bank and in hand 92,138 106,894
324,224 476,844
Creditors: Amounts Falling Due Within One Year 7 (81,974 ) (292,763 )
NET CURRENT ASSETS (LIABILITIES) 242,250 184,081
TOTAL ASSETS LESS CURRENT LIABILITIES 357,778 313,013
Creditors: Amounts Falling Due After More Than One Year 8 (25,833 ) (35,833 )
NET ASSETS 331,945 277,180
CAPITAL AND RESERVES
Called up share capital 10 4 3
Profit and Loss Account 331,941 277,177
SHAREHOLDERS' FUNDS 331,945 277,180
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Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Nigel Butler
Director
24/09/2024
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
Lynx Bowling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11315086 . The registered office is Ivery House Farm, Ivery Lane, Wrangle, Boston, PE22 9BA.
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. 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:
Motor Vehicles 25% RB
Fixtures & Fittings 15% RB
2.4. 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.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 145,792 158 145,950
Additions 32,001 - 32,001
Disposals (20,333 ) - (20,333 )
As at 31 May 2024 157,460 158 157,618
Depreciation
As at 1 June 2023 16,996 22 17,018
Provided during the period 27,804 21 27,825
Disposals (2,753 ) - (2,753 )
As at 31 May 2024 42,047 43 42,090
Net Book Value
As at 31 May 2024 115,413 115 115,528
As at 1 June 2023 128,796 136 128,932
5. Stocks
2024 2023
£ £
Stock 71,282 156,942
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 59,093 213,008
Other debtors 101,711 -
160,804 213,008
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,516
Trade creditors 23,873 56,141
Other creditors - 185,262
Taxation and social security 58,101 46,844
81,974 292,763
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,833 35,833
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,516
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 3
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