11357871falseestate agents2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:Director22023-06-012024-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11357871

Farrow & Lynas Ltd

ACCOUNTS
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
James Farrow
Simon Lynas
REGISTERED OFFICE
Gatcombe House
Copnor Road
Portsmouth
Hampshire
PO3 5EJ
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 Sheet3
Notes To The Accounts4
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 31 May 2024
20242023
Notes££
FIXED ASSETS
Tangible assets3470553
CURRENT ASSETS
Debtors439,62935,562
Cash at bank and in hand1,307455
40,93636,017
CREDITORS: Amounts falling due within one year541,11736,050
NET CURRENT LIABILITIES(181)(33)
TOTAL ASSETS LESS CURRENT LIABILITIES289520
PROVISIONS FOR LIABILITIES AND CHARGES689105
NET ASSETS200415
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account199414
SHAREHOLDERS' FUNDS200415
For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26 February 2025 and signed on their behalf by
.............................
James Farrow
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing 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
20242023
No.No.
Average number of employees22

Farrow & Lynas Ltd

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 1 June 20231,8881,888
At 31 May 20241,8881,888
Depreciation
At 1 June 20231,3351,335
For the year8383
At 31 May 20241,4181,418
Net Book Amounts
At 31 May 2024470470
At 31 May 2023553553
4. DEBTORS 20242023
££
Amounts falling due within one year
Directors current account39,62935,562
39,62935,562
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,3728,793
VAT24,06213,935
PAYE control134-
Other creditors6,9749,997
Accruals3,5753,325
41,11736,050

Farrow & Lynas Ltd

6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation89105
89105
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11