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REGISTERED NUMBER: 09894853 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LYNX TRANSPORT LTD

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

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


LYNX TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs P Koulouri
Mr M Savvidis





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 09894853 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 502,018 217,804

CURRENT ASSETS
Debtors 5 528,323 496,560
Cash at bank and in hand 85,691 291,317
614,014 787,877
CREDITORS
Amounts falling due within one year 6 528,382 460,570
NET CURRENT ASSETS 85,632 327,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,650

545,111

CREDITORS
Amounts falling due after more than one
year

7

342,093

137,438
NET ASSETS 245,557 407,673

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 245,457 407,573
SHAREHOLDERS' FUNDS 245,557 407,673

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.

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

BALANCE SHEET - continued
31 MARCH 2024


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 25 March 2025 and were signed on its behalf by:





Mr M Savvidis - Director


LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

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


1. STATUTORY INFORMATION

Lynx Transport 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 14,219 485,759 499,978
Additions 1,018 473,700 474,718
Disposals - (99,700 ) (99,700 )
At 31 March 2024 15,237 859,759 874,996
DEPRECIATION
At 1 April 2023 6,475 275,699 282,174
Charge for year 2,190 165,148 167,338
Eliminated on disposal - (76,534 ) (76,534 )
At 31 March 2024 8,665 364,313 372,978
NET BOOK VALUE
At 31 March 2024 6,572 495,446 502,018
At 31 March 2023 7,744 210,060 217,804

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 461,740
Additions 473,700
Disposals (99,700 )
At 31 March 2024 835,740
DEPRECIATION
At 1 April 2023 263,117
Charge for year 162,289
Eliminated on disposal (76,534 )
At 31 March 2024 348,872
NET BOOK VALUE
At 31 March 2024 486,868
At 31 March 2023 198,623

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,678 140,538
Amounts owed by group undertakings 156,289 85,176
Other debtors 6,424 17,549
Directors' current accounts 135,361 214,202
Tax 98,958 -
Prepayments and accrued income 80,613 39,095
528,323 496,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 35,799 30,000
Hire purchase contracts 134,009 105,317
Trade creditors 85,573 80,857
Corporation tax 155,651 109,966
Social security and other taxes 41,280 47,311
VAT 63,833 79,054
Other creditors 9,217 -
Accruals and deferred income 3,020 8,065
528,382 460,570

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 35,000 30,000
Bank loans - 2-5 years - 35,000
Hire purchase contracts 307,093 72,438
342,093 137,438

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 Ordinary £80 80 80
20 Ordinary A £20 20 20
100 100

LYNX TRANSPORT LTD (REGISTERED NUMBER: 09894853)

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


9. RESERVES
Retained
earnings
£   

At 1 April 2023 407,573
Profit for the year 4,684
Dividends (166,800 )
At 31 March 2024 245,457