IRIS Accounts Production v24.3.2.46 12063046 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120630462023-06-30120630462024-06-30120630462023-07-012024-06-30120630462022-06-30120630462022-07-012023-06-30120630462023-06-3012063046ns15:EnglandWales2023-07-012024-06-3012063046ns14:PoundSterling2023-07-012024-06-3012063046ns10:Director12023-07-012024-06-3012063046ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012063046ns10:SmallEntities2023-07-012024-06-3012063046ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012063046ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012063046ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012063046ns10:FullAccounts2023-07-012024-06-3012063046ns10:Director22023-07-012024-06-3012063046ns10:RegisteredOffice2023-07-012024-06-3012063046ns5:CurrentFinancialInstruments2024-06-3012063046ns5:CurrentFinancialInstruments2023-06-3012063046ns5:Non-currentFinancialInstruments2024-06-3012063046ns5:Non-currentFinancialInstruments2023-06-3012063046ns5:ShareCapital2024-06-3012063046ns5:ShareCapital2023-06-3012063046ns5:RetainedEarningsAccumulatedLosses2024-06-3012063046ns5:RetainedEarningsAccumulatedLosses2023-06-3012063046ns5:FurnitureFittings2023-07-012024-06-3012063046ns5:MotorVehicles2023-07-012024-06-3012063046ns5:ComputerEquipment2023-07-012024-06-3012063046ns5:FurnitureFittings2023-06-3012063046ns5:MotorVehicles2023-06-3012063046ns5:ComputerEquipment2023-06-3012063046ns5:FurnitureFittings2024-06-3012063046ns5:MotorVehicles2024-06-3012063046ns5:ComputerEquipment2024-06-3012063046ns5:FurnitureFittings2023-06-3012063046ns5:MotorVehicles2023-06-3012063046ns5:ComputerEquipment2023-06-3012063046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3012063046ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3012063046ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3012063046ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3012063046ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3012063046ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-301206304612023-07-012024-06-30
REGISTERED NUMBER: 12063046 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

JOE LYNCH CONSULTING LTD

JOE LYNCH CONSULTING LTD (REGISTERED NUMBER: 12063046)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOE LYNCH CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: K A Lynch
J E Lynch





REGISTERED OFFICE: 60 Nursery Close
Hurstpierpoint
Hassocks
West Sussex
BN6 9WA





REGISTERED NUMBER: 12063046 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

JOE LYNCH CONSULTING LTD (REGISTERED NUMBER: 12063046)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,571 40,891

CURRENT ASSETS
Debtors 5 780 12,966
Cash at bank 11,206 9,316
11,986 22,282
CREDITORS
Amounts falling due within one year 6 24,409 25,029
NET CURRENT LIABILITIES (12,423 ) (2,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,148

38,144

CREDITORS
Amounts falling due after more than one
year

7

(4,991

)

(10,735

)

PROVISIONS FOR LIABILITIES (5,809 ) (7,769 )
NET ASSETS 7,348 19,640

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,346 19,638
7,348 19,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JOE LYNCH CONSULTING LTD (REGISTERED NUMBER: 12063046)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





J E Lynch - Director


JOE LYNCH CONSULTING LTD (REGISTERED NUMBER: 12063046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Joe Lynch Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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. This may not be appropriate because at 30 June 2024 the company's current liabilities exceeded its current assets by £12,423 and total liabilities of the company were £35,209. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

JOE LYNCH CONSULTING LTD (REGISTERED NUMBER: 12063046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 1,055 38,790 2,726 42,571
DEPRECIATION
At 1 July 2023 - - 1,680 1,680
Charge for year 211 9,697 412 10,320
At 30 June 2024 211 9,697 2,092 12,000
NET BOOK VALUE
At 30 June 2024 844 29,093 634 30,571
At 30 June 2023 1,055 38,790 1,046 40,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 780 12,072
Prepayments - 894
780 12,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,737 5,387
VAT 113 3,017
Directors' current accounts 17,734 15,835
Accruals and deferred income 825 790
24,409 25,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,991 5,387
Bank loans - 2-5 years - 5,348
4,991 10,735

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are K and J Lynch with 100% shareholding of the issued share capital.