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REGISTERED NUMBER: SC323088 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Lyoncross Ltd

Lyoncross Ltd (Registered number: SC323088)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lyoncross Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Bhopal





REGISTERED OFFICE: 54 Lyoncross Road
Glasgow
G53 5UW





REGISTERED NUMBER: SC323088 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Lyoncross Ltd (Registered number: SC323088)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,813 15,828
Investments 5 250 250
124,063 16,078

CURRENT ASSETS
Stocks 6 34,420 35,897
Debtors 7 591,436 480,132
Cash at bank and in hand 1,331,998 1,369,611
1,957,854 1,885,640
CREDITORS
Amounts falling due within one year 8 141,148 244,136
NET CURRENT ASSETS 1,816,706 1,641,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,940,769

1,657,582

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,940,768 1,657,581
SHAREHOLDERS' FUNDS 1,940,769 1,657,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Lyoncross Ltd (Registered number: SC323088)

Balance Sheet - continued
31 May 2024


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.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





T Bhopal - Director


Lyoncross Ltd (Registered number: SC323088)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lyoncross Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

Lyoncross Ltd (Registered number: SC323088)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 22,393 65,330 - 5,009 92,732
Additions - - 109,118 1,750 110,868
At 31 May 2024 22,393 65,330 109,118 6,759 203,600
DEPRECIATION
At 1 June 2023 20,038 52,575 - 4,291 76,904
Charge for year 353 1,913 - 617 2,883
At 31 May 2024 20,391 54,488 - 4,908 79,787
NET BOOK VALUE
At 31 May 2024 2,002 10,842 109,118 1,851 123,813
At 31 May 2023 2,355 12,755 - 718 15,828

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 250
NET BOOK VALUE
At 31 May 2024 250
At 31 May 2023 250

6. STOCKS
31.5.24 31.5.23
£    £   
Stocks 34,420 35,897

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 141,845 115,820
Other debtors 200,106 235,106
Directors' current accounts 167,322 48,200
VAT 82,163 81,006
591,436 480,132

Lyoncross Ltd (Registered number: SC323088)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 73,989 73,657
Tax 58,727 161,541
Social security and other taxes 3,656 1,366
Pension - 137
Accrued expenses 4,776 7,435
141,148 244,136

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary Share Capital £1 1 1