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REGISTERED NUMBER: 04461897 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LYNX EMPLOYMENT SERVICES LTD

LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)






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


LYNX EMPLOYMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs C Baker
Mrs T Swords
M S Wilson





SECRETARY: M S Wilson





REGISTERED OFFICE: Unit 6
2 Leeds Road
Sheffield
S9 3TY





REGISTERED NUMBER: 04461897 (England and Wales)





ACCOUNTANTS: Jones Francis Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 12,500
Tangible assets 5 31,557 30,715
42,057 43,215

CURRENT ASSETS
Stocks 5,000 64,951
Debtors 6 543,089 547,674
Cash at bank and in hand 12,331 4,234
560,420 616,859
CREDITORS
Amounts falling due within one year 7 583,708 593,394
NET CURRENT (LIABILITIES)/ASSETS (23,288 ) 23,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,769

66,680

CREDITORS
Amounts falling due after more than
one year

8

(12,452

)

(83,475

)

PROVISIONS FOR LIABILITIES (5,996 ) (5,463 )
NET ASSETS/(LIABILITIES) 321 (22,258 )

LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

BALANCE SHEET - continued
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221 (22,358 )
321 (22,258 )

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.

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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





M S Wilson - Director


LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

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

1. STATUTORY INFORMATION

Lynx Employment Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 143 (2023 - 178 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 40,000
AMORTISATION
At 1 July 2023 27,500
Charge for year 2,000
At 30 June 2024 29,500
NET BOOK VALUE
At 30 June 2024 10,500
At 30 June 2023 12,500

LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 39,486 260 - 33,635 73,381
Additions - - 5,000 650 5,650
At 30 June 2024 39,486 260 5,000 34,285 79,031
DEPRECIATION
At 1 July 2023 29,171 83 - 13,412 42,666
Charge for year 1,547 27 167 3,067 4,808
At 30 June 2024 30,718 110 167 16,479 47,474
NET BOOK VALUE
At 30 June 2024 8,768 150 4,833 17,806 31,557
At 30 June 2023 10,315 177 - 20,223 30,715

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 513,791 493,637
Amounts owed by participating interests 23,897 54,037
Other debtors 5,401 -
543,089 547,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 412,543 407,039
Trade creditors 3,936 4,563
Taxation and social security 110,019 119,253
Other creditors 57,210 62,539
583,708 593,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 12,452 83,475

LYNX EMPLOYMENT SERVICES LTD (REGISTERED NUMBER: 04461897)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 49,446 83,475

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs C Baker
Balance outstanding at start of year - -
Amounts advanced 4,161 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,161 -

M S Wilson
Balance outstanding at start of year - -
Amounts advanced 1,240 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,240 -