IRIS Accounts Production v24.3.2.46 07634546 Board of Directors 31.5.23 30.5.24 30.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076345462023-05-30076345462024-05-30076345462023-05-312024-05-30076345462022-05-30076345462022-05-312023-05-30076345462023-05-3007634546ns15:EnglandWales2023-05-312024-05-3007634546ns14:PoundSterling2023-05-312024-05-3007634546ns10:Director12023-05-312024-05-3007634546ns10:PrivateLimitedCompanyLtd2023-05-312024-05-3007634546ns10:SmallEntities2023-05-312024-05-3007634546ns10:AuditExempt-NoAccountantsReport2023-05-312024-05-3007634546ns10:SmallCompaniesRegimeForDirectorsReport2023-05-312024-05-3007634546ns10:SmallCompaniesRegimeForAccounts2023-05-312024-05-3007634546ns10:FullAccounts2023-05-312024-05-3007634546ns5:CurrentFinancialInstruments2024-05-3007634546ns5:CurrentFinancialInstruments2023-05-3007634546ns5:Non-currentFinancialInstruments2024-05-3007634546ns5:Non-currentFinancialInstruments2023-05-3007634546ns5:ShareCapital2024-05-3007634546ns5:ShareCapital2023-05-3007634546ns5:RetainedEarningsAccumulatedLosses2024-05-3007634546ns5:RetainedEarningsAccumulatedLosses2023-05-3007634546ns10:RegisteredOffice2023-05-312024-05-3007634546ns5:PlantMachinery2023-05-312024-05-3007634546ns5:FurnitureFittings2023-05-312024-05-3007634546ns5:MotorVehicles2023-05-312024-05-3007634546ns5:ComputerEquipment2023-05-312024-05-3007634546ns5:PlantMachinery2023-05-3007634546ns5:FurnitureFittings2023-05-3007634546ns5:MotorVehicles2023-05-3007634546ns5:ComputerEquipment2023-05-3007634546ns5:PlantMachinery2024-05-3007634546ns5:FurnitureFittings2024-05-3007634546ns5:MotorVehicles2024-05-3007634546ns5:ComputerEquipment2024-05-3007634546ns5:PlantMachinery2023-05-3007634546ns5:FurnitureFittings2023-05-3007634546ns5:MotorVehicles2023-05-3007634546ns5:ComputerEquipment2023-05-3007634546ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3007634546ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-30076345461ns10:Director12023-05-30076345461ns10:Director12022-05-30076345461ns10:Director12023-05-312024-05-30076345461ns10:Director12022-05-312023-05-30076345461ns10:Director12024-05-30076345461ns10:Director12023-05-30
REGISTERED NUMBER: 07634546 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 May 2024

for

Lynwood Brown Limited

Lynwood Brown Limited (Registered number: 07634546)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lynwood Brown Limited (Registered number: 07634546)

Balance Sheet
30 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,536 2,906

CURRENT ASSETS
Debtors 5 11,874 9,769

CREDITORS
Amounts falling due within one year 6 52,903 41,136
NET CURRENT LIABILITIES (41,029 ) (31,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES (35,493 ) (28,461 )

CREDITORS
Amounts falling due after more than one year 7 (26,437 ) (31,181 )

PROVISIONS FOR LIABILITIES (1,052 ) (952 )
NET LIABILITIES (62,982 ) (60,594 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (62,984 ) (60,596 )
SHAREHOLDERS' FUNDS (62,982 ) (60,594 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mr G Brown - Director


Lynwood Brown Limited (Registered number: 07634546)

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

1. STATUTORY INFORMATION

Lynwood Brown Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07634546

Registered office: Sundawn
Scot Hay Road
Alsagers Bank
Stoke-on-Trent
Staffordshire
ST7 8BW

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The directors are prepared to continue to support the development of the company for at least the next year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lynwood Brown Limited (Registered number: 07634546)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 May 2023 1,000 850 17,641 1,073 20,564
Additions 3,422 393 - - 3,815
At 30 May 2024 4,422 1,243 17,641 1,073 24,379
DEPRECIATION
At 31 May 2023 858 152 15,875 773 17,658
Charge for year 534 164 442 45 1,185
At 30 May 2024 1,392 316 16,317 818 18,843
NET BOOK VALUE
At 30 May 2024 3,030 927 1,324 255 5,536
At 30 May 2023 142 698 1,766 300 2,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,874 9,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,161 17,855
Trade creditors 9,651 3,476
Taxation and social security 13,007 16,961
Other creditors 6,084 2,844
52,903 41,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,437 31,181

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2024 and 30 May 2023:

2024 2023
£    £   
Mr G Brown
Balance outstanding at start of year 2,611 (6,042 )
Amounts advanced 103,452 135,143
Amounts repaid (106,092 ) (126,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29 ) 2,611