Registered number
14952569
Lyons Financial Management 2001 Ltd
Filleted Accounts
30 September 2024
Lyons Financial Management 2001 Ltd
Registered number: 14952569
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Intangible assets 3 399,310
Tangible assets 4 181,327
580,637
Current assets
Debtors 5 63,690
Cash at bank and in hand 9,809
73,499
Creditors: amounts falling due within one year 6 (62,089)
Net current assets 11,410
Total assets less current liabilities 592,047
Creditors: amounts falling due after more than one year 7 (556,166)
Net assets 35,881
Capital and reserves
Profit and loss account 35,481
Shareholders' funds 35,881
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R D Grey
Director
Approved by the board on 11 February 2025
Lyons Financial Management 2001 Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024
Number
Average number of persons employed by the company 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 420,326
At 30 September 2024 420,326
Amortisation
Provided during the year 21,016
At 30 September 2024 21,016
Net book value
At 30 September 2024 399,310
At 30 September 2023 420,326
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 40,553 146,051 186,604
Additions - 4,541 4,541
At 30 September 2024 40,553 150,592 191,145
Depreciation
Charge for the year 1,217 8,601 9,818
At 30 September 2024 1,217 8,601 9,818
Net book value
At 30 September 2024 39,336 141,991 181,327
At 30 September 2023 40,553 146,051 186,604
5 Debtors 2024
£
Trade debtors 43,290
Other debtors 20,400
63,690
6 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 48,405
Other creditors 13,684
62,089
7 Creditors: amounts falling due after one year 2024
£
Bank loans 376,727
Other creditors 179,439
556,166
8 Other information
Lyons Financial Management 2001 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Auld Bank
3 Front Street
Hetton le Hole
Tyne & Wear
DH5 9PF
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