Registered number: 11357871 | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Farrow & Lynas Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11357871 | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Farrow & Lynas Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MAY 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Farrow & Lynas Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
40,936 | 36,017 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (33) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 199 | 414 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Farrow & Lynas Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 15% |
1c. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1d. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Farrow & Lynas Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Fixtures | ||||
and Fittings | Total | |||
£ | £ | |||
Cost | ||||
At 1 June 2023 | 1,888 | 1,888 | ||
At 31 May 2024 | 1,888 | 1,888 | ||
Depreciation | ||||
At 1 June 2023 | 1,335 | 1,335 | ||
For the year | 83 | 83 | ||
At 31 May 2024 | 1,418 | 1,418 | ||
Net Book Amounts | ||||
At 31 May 2024 | 470 | |||
At 31 May 2023 | 553 | |||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Directors current account | 39,629 | 35,562 | ||||||
39,629 | 35,562 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 6,372 | 8,793 | ||||||
VAT | 24,062 | 13,935 | ||||||
PAYE control | 134 | - | ||||||
Other creditors | 6,974 | 9,997 | ||||||
Accruals | 3,575 | 3,325 | ||||||
41,117 | 36,050 | |||||||
Farrow & Lynas Ltd | ||||||||
6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 89 | 105 | ||||||
89 | 105 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1 | 1 | |||||||
1 | 1 | |||||||