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REGISTERED NUMBER: 04583735 (England and Wales)















LYNN WALKER'S CUTTING COMPANY LIMITED

Unaudited Financial Statements For The Year Ended 30 June 2024






LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)






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

Report of the Accountants 7

LYNN WALKER'S CUTTING COMPANY LIMITED

Company Information
For The Year Ended 30 June 2024







DIRECTOR: Mrs L Walker





SECRETARY: D Walker





REGISTERED OFFICE: 7 The Boulevard
West Farm Avenue
Longbenton
Newcastle upon Tyne
NE12 8GA





REGISTERED NUMBER: 04583735 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 2,000
Tangible assets 5 5,111 5,808
7,111 7,808

CURRENT ASSETS
Stocks 2,275 2,100
Debtors 6 332 182
Cash at bank and in hand 1,038 3,178
3,645 5,460
CREDITORS
Amounts falling due within one year 7 11,512 11,977
NET CURRENT LIABILITIES (7,867 ) (6,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(756

)

1,291

PROVISIONS FOR LIABILITIES 8 297 373
NET (LIABILITIES)/ASSETS (1,053 ) 918

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,054 ) 917
SHAREHOLDERS' FUNDS (1,053 ) 918

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 director acknowledges her 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.

LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)

Balance Sheet - continued
30 June 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 director and authorised for issue on 25 February 2025 and were signed by:





Mrs L Walker - Director


LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lynn Walker's Cutting Company 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.

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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover represents income from the sale of hair-dressing services provided to clients visiting the salon and excludes VAT as the business is not registered.

Goodwill
Goodwill is not written off. In the opinion of the director the goodwill is not subject to any diminution in value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stock consists of hair dressing products, and are valued at actual cost. Net realisable value exceeds the value of these products.

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.

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.

LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2,000
NET BOOK VALUE
At 30 June 2024 2,000
At 30 June 2023 2,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 15,526 15,189 359 31,074
DEPRECIATION
At 1 July 2023 11,954 13,047 265 25,266
Charge for year 250 428 19 697
At 30 June 2024 12,204 13,475 284 25,963
NET BOOK VALUE
At 30 June 2024 3,322 1,714 75 5,111
At 30 June 2023 3,572 2,142 94 5,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 332 182

Other debtors relate solely to prepayments.

LYNN WALKER'S CUTTING COMPANY LIMITED (REGISTERED NUMBER: 04583735)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 727 137
Taxation and social security 549 198
Other creditors 10,236 11,642
11,512 11,977

Included in other creditors are amounts owed to the Director, this year she was owed £8,464 (£10,162 - 2023).

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 297 373

Deferred
tax
£   
Balance at 1 July 2023 373
Provided during year (76 )
Balance at 30 June 2024 297

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

LYNN WALKER'S CUTTING COMPANY LIMITED

Report of the Accountants to the Director of
Lynn Walker's Cutting Company Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


26 February 2025