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REGISTERED NUMBER: NI033059 (Northern Ireland)












Lyons European Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Lyons European Limited (Registered number: NI033059)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lyons European Limited

Company Information
for the year ended 31 October 2024







Director: Mr G Lyons



Registered office: Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Registered number: NI033059 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Allied Irish Bank
22-24 Market Square
Lisburn
BT28 1AG

Lyons European Limited (Registered number: NI033059)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 3,383,630 3,664,743
Investments 5 259,999 206,999
3,643,629 3,871,742

Current assets
Debtors 6 1,634,786 1,498,036
Cash at bank and in hand 5,186,334 4,880,208
6,821,120 6,378,244
Creditors
Amounts falling due within one year 7 (1,800,304 ) (2,325,456 )
Net current assets 5,020,816 4,052,788
Total assets less current liabilities 8,664,445 7,924,530

Creditors
Amounts falling due after more than one
year

8

(266,291

)

(140,185

)

Provisions for liabilities 10 (692,290 ) (971,889 )
Net assets 7,705,864 6,812,456

Capital and reserves
Called up share capital 11 10 10
Retained earnings 7,705,854 6,812,446
Shareholders' funds 7,705,864 6,812,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lyons European Limited (Registered number: NI033059)

Balance Sheet - continued
31 October 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 12 March 2025 and were signed by:





Mr G Lyons - Director


Lyons European Limited (Registered number: NI033059)

Notes to the Financial Statements
for the year ended 31 October 2024

1. Statutory information

Lyons European Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Plant and machinery - 20% Reducing balance
Fixtures and fittings - 10% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 38 (2023 - 38 ) .

Lyons European Limited (Registered number: NI033059)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 November 2023 131,933 6,654,713 6,786,646
Additions - 517,950 517,950
Disposals - (283,058 ) (283,058 )
At 31 October 2024 131,933 6,889,605 7,021,538
Depreciation
At 1 November 2023 10,000 3,111,903 3,121,903
Charge for year - 721,262 721,262
Eliminated on disposal - (205,257 ) (205,257 )
At 31 October 2024 10,000 3,627,908 3,637,908
Net book value
At 31 October 2024 121,933 3,261,697 3,383,630
At 31 October 2023 121,933 3,542,810 3,664,743

5. Fixed asset investments
Other
investment
£   
Cost
At 1 November 2023 206,999
Additions 160,000
Disposals (107,000 )
At 31 October 2024 259,999
Net book value
At 31 October 2024 259,999
At 31 October 2023 206,999



6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,409,524 1,119,344
Other debtors 225,262 378,692
1,634,786 1,498,036

Lyons European Limited (Registered number: NI033059)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts (73,333 ) 339,192
Trade creditors 916,757 1,339,539
Taxation and social security 393,421 273,708
Other creditors 563,459 373,017
1,800,304 2,325,456

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 146,667 140,185
Other creditors 119,624 -
266,291 140,185

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 222,223 7,149
Hire purchase contracts 73,334 479,377
295,557 486,526

Lyons European Limited (SSAS) Retirement Benefit Scheme holds a fixed and floating charge over certain fixed assets.

The hire purchase contracts are secured on the assets to which the contracts relate.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 692,290 971,889

Deferred
tax
£   
Balance at 1 November 2023 971,889
Provided during year (279,599 )
Balance at 31 October 2024 692,290

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10