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REGISTERED NUMBER: 11526226 (England and Wales)















Lyons Bowe Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Lyons Bowe Limited (Registered number: 11526226)






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 Bowe Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: P Lyons
E Romaine
D Collins





REGISTERED OFFICE: 54 High Street
Shepton Mallet
BA4 5AS





REGISTERED NUMBER: 11526226 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Lyons Bowe Limited (Registered number: 11526226)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 42,000
Tangible assets 5 30,503 33,893
66,503 75,893

CURRENT ASSETS
Stocks 681,684 473,033
Debtors 6 1,107,233 784,383
Cash at bank 310,018 161,523
2,098,935 1,418,939
CREDITORS
Amounts falling due within one year 7 1,046,325 983,677
NET CURRENT ASSETS 1,052,610 435,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,119,113

511,155

CREDITORS
Amounts falling due after more than one
year

8

(70,209

)

(106,626

)

PROVISIONS FOR LIABILITIES (7,626 ) (8,473 )
NET ASSETS 1,041,278 396,056

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,041,178 395,956
SHAREHOLDERS' FUNDS 1,041,278 396,056

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 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.

Lyons Bowe Limited (Registered number: 11526226)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:




P Lyons - Director



E Romaine - Director


Lyons Bowe Limited (Registered number: 11526226)

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

1. STATUTORY INFORMATION

Lyons Bowe 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.

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


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.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from legal services are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Lyons Bowe Limited (Registered number: 11526226)

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

2. ACCOUNTING POLICIES - continued
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 82 (2023 - 74 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,000
AMORTISATION
At 1 November 2023 18,000
Amortisation for year 6,000
At 31 October 2024 24,000
NET BOOK VALUE
At 31 October 2024 36,000
At 31 October 2023 42,000

Lyons Bowe Limited (Registered number: 11526226)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 94,989
Additions 23,614
At 31 October 2024 118,603
DEPRECIATION
At 1 November 2023 61,096
Charge for year 27,004
At 31 October 2024 88,100
NET BOOK VALUE
At 31 October 2024 30,503
At 31 October 2023 33,893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,576 110,029
Other debtors 975,657 674,354
1,107,233 784,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 179,893 137,761
Trade creditors 106,419 71,811
Taxation and social security 712,860 731,232
Other creditors 47,153 42,873
1,046,325 983,677

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 70,209 106,626

Lyons Bowe Limited (Registered number: 11526226)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 73,887 69,887
Between one and five years 89,694 144,549
In more than five years - 25,241
163,581 239,677

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 98,209 138,600

The bank loan is secured by a fixed and floating charge that covers all the property or undertakings of the company dated 31 March 2021.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
P Lyons
Balance outstanding at start of year 427,342 272,074
Amounts advanced 311,954 245,268
Amounts repaid (90,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 649,296 427,342

E Romaine
Balance outstanding at start of year 94,121 155,529
Amounts advanced 153,618 94,121
Amounts repaid (90,000 ) (155,529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,739 94,121

Interest has been charged on the loan at HMRC rates.