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REGISTERED NUMBER: 03894844 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LYNFEED LIMITED

LYNFEED LIMITED (REGISTERED NUMBER: 03894844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LYNFEED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I R Warburton
M Warburton
G Warburton





SECRETARY: M Warburton





REGISTERED OFFICE: Langwood Park
Langwood Lane
Rainford
St Helens
Merseyside
WA11 8PW





REGISTERED NUMBER: 03894844 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

LYNFEED LIMITED (REGISTERED NUMBER: 03894844)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 42,713

CURRENT ASSETS
Stocks - 35,016
Debtors 5 - 17,562
Cash at bank and in hand 393 5,062
393 57,640
CREDITORS
Amounts falling due within one year 6 113,726 68,787
NET CURRENT LIABILITIES (113,333 ) (11,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,333

)

31,566

CREDITORS
Amounts falling due after more than one
year

7

-

100,000
NET LIABILITIES (113,333 ) (68,434 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (114,333 ) (69,434 )
SHAREHOLDERS' FUNDS (113,333 ) (68,434 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

LYNFEED LIMITED (REGISTERED NUMBER: 03894844)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:




M Warburton - Director I R Warburton - Director




G Warburton - Director


LYNFEED LIMITED (REGISTERED NUMBER: 03894844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lynfeed Limited 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 directors have considered the application of the going concern principle in relation to the preparation of the accounts.On the basis that the directors loan account funding will not be repaid within one year from the date of approval of the financial statements, the directors consider the going concern principle to be the appropriate basis of preparation.

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 - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

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.

LYNFEED LIMITED (REGISTERED NUMBER: 03894844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets that are held by the company under leases which transfer to the company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation, Lease payments are apportioned between finance expense and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the profit and loss account.

Operating lease payments are recognised as an expense on a straightline basis over the lease term, except where another systematic basis is more representative of the time pattern in which the economic benefits from the leased asset are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 11,268 32,755 28,400 72,423
Additions - 1,222 - 1,222
Disposals (11,268 ) (33,977 ) (28,400 ) (73,645 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 April 2023 6,269 12,948 10,493 29,710
Charge for year 564 1,520 1,021 3,105
Eliminated on disposal (6,833 ) (14,468 ) (11,514 ) (32,815 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 4,999 19,807 17,907 42,713

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 7,547
VAT - 3,878
Prepayments - 6,137
- 17,562

LYNFEED LIMITED (REGISTERED NUMBER: 03894844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 8,111
Social security and other taxes - 119
VAT 377 -
Directors' current accounts 111,850 58,205
Accrued expenses 1,499 2,352
113,726 68,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts - 100,000