D Lynn Engineering Ltd NI697511 false 2023-05-23 2024-05-31 2024-05-31 The principal activity of the company is Engineering Digita Accounts Production Advanced 6.30.9574.0 true NI697511 2023-05-23 2024-05-31 NI697511 2024-05-31 NI697511 core:CurrentFinancialInstruments 2024-05-31 NI697511 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 NI697511 bus:SmallEntities 2023-05-23 2024-05-31 NI697511 bus:AuditExemptWithAccountantsReport 2023-05-23 2024-05-31 NI697511 bus:FilletedAccounts 2023-05-23 2024-05-31 NI697511 bus:SmallCompaniesRegimeForAccounts 2023-05-23 2024-05-31 NI697511 bus:RegisteredOffice 2023-05-23 2024-05-31 NI697511 bus:Director1 2023-05-23 2024-05-31 NI697511 bus:PrivateLimitedCompanyLtd 2023-05-23 2024-05-31 NI697511 countries:NorthernIreland 2023-05-23 2024-05-31 iso4217:GBP xbrli:pure

Registration number: NI697511

D Lynn Engineering Ltd

Unaudited Filleted Financial Statements

for the Period from 23 May 2023 to 31 May 2024

 

D Lynn Engineering Ltd

(Registration number: NI697511)
Balance Sheet as at 31 May 2024

Note

2024
£

Current assets

 

Debtors

4

12,731

Cash at bank and in hand

 

37,647

 

50,378

Creditors: Amounts falling due within one year

5

(45,062)

Net assets

 

5,316

Capital and reserves

 

Called up share capital

2

Retained earnings

5,314

Shareholders' funds

 

5,316

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 February 2025 and signed on its behalf by:
 

.........................................
Mr Norman David Lynn
Director

 

D Lynn Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 23 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 76 Bellahill Road,, Carrickfergus, County Antrim, BT38 9DB.

These financial statements were authorised for issue by the Board on 21 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.

Revenue recognition

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

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change 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.

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.

 

D Lynn Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 23 May 2023 to 31 May 2024

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current

2024
£

Trade debtors

2,678

Other debtors

10,053

 

12,731

 

D Lynn Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 23 May 2023 to 31 May 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

11,313

Taxation and social security

1,247

Accruals and deferred income

28,000

Other creditors

4,502

45,062

6

Related party transactions

2024
£

Directors current account

(5,816)