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REGISTERED NUMBER: 08703916 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

LYNCH AYERST CONSULTING LIMITED

LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 234,232 221,301

CURRENT ASSETS
Debtors 6 2,780 38,653
Cash at bank 20,001 98,654
22,781 137,307
CREDITORS
Amounts falling due within one year 7 34,155 138,264
NET CURRENT LIABILITIES (11,374 ) (957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,858

220,344

CREDITORS
Amounts falling due after more than
one year

8

(6,325

)

(15,625

)

PROVISIONS FOR LIABILITIES 9 (1,480 ) (2,179 )
NET ASSETS 215,053 202,540

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 214,953 202,440
SHAREHOLDERS' FUNDS 215,053 202,540

LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




Mr. T Ayerst - Director



Dr. P A Lynch - Director


LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Lynch Ayerst Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08703916

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced in the year, exclusive of Value Added Tax, together with amounts accrued but un-billed at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost
Plant, machinery and equipment - 20% on reducing balance
Computer equipment - 25% on cost

No depreciation has been charged on freehold land. Only buildings are depreciated.

All fixed assets are initially recorded at cost.

Government grants
The entity has adopted the use of the accruals model in respect of grants received.

Any grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in 'Other income', in the period to which it relates.


LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant,
machinery
Freehold and Computer
land Buildings equipment equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 212,037 - 8,340 17,001 237,378
Additions 2,189 13,078 1,566 432 17,265
At 30 September 2024 214,226 13,078 9,906 17,433 254,643
DEPRECIATION
At 1 October 2023 - - 1,668 14,409 16,077
Charge for year - 1,308 1,648 1,378 4,334
At 30 September 2024 - 1,308 3,316 15,787 20,411
NET BOOK VALUE
At 30 September 2024 214,226 11,770 6,590 1,646 234,232
At 30 September 2023 212,037 - 6,672 2,592 221,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 15,635
Prepayments and accrued income 2,780 23,018
2,780 38,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,300 9,071
Trade creditors 890 890
Corporation tax 3,948 42,535
PAYE and social security 460 460
VAT 893 13,581
Other creditors 1,622 2,185
Directors' current account 10,146 55,589
Accruals and deferred income 6,896 13,953
34,155 138,264

LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,325 9,300
Bank loans - 2-5 years - 6,325
6,325 15,625

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,480 2,179

Deferred
tax
£   
Balance at 1 October 2023 2,179
Provided during year (699 )
Balance at 30 September 2024 1,480

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
20 Ordinary B £1 20 20
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
100 100

LYNCH AYERST CONSULTING LIMITED (REGISTERED NUMBER: 08703916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr. T Ayerst and Dr. P A Lynch
Balance outstanding at start of year - 17,258
Amounts repaid - (17,258 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Advances to directors are repayable on demand and interest is charged on balances exceeding £10,000 per director. The interest charged for the year amounted to £Nil (2023: £Nil).