LYNMAC CONSTRUCTION LIMITED


Director	MCNABOE, Andrew James


Company Secretary	MCNABOE, Linda


Registered Address	3 The Lawns
	South Cheam
	SM2 7PU


Registered Number	06030654 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		4,713		6,284
			4,713		6,284
Current assets
Debtors	5	4,476		1,532
Cash at bank and on hand		3,310		7,715
		7,786		9,247
Creditors amounts falling due within one year	6	(11,419)		(12,573)
Net current assets (liabilities)			(3,633)		(3,326)
Total assets less current liabilities			1,080		2,958
Provisions for liabilities	7		(895)		(1,194)
Net assets			185		1,764
Capital and reserves
Called up share capital			100		100
Profit and loss account			85		1,664
Shareholders' funds			185		1,764

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 September 2025, and are signed on its behalf by:

MCNABOE, Andrew James
Director
Registered Company No. 06030654

LYNMAC CONSTRUCTION LIMITED

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

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 January 24	1,600	8,259	9,859
At 31 December 24	1,600	8,259	9,859
Depreciation and impairment
At 01 January 24	1,510	2,065	3,575
Charge for year	23	1,548	1,571
At 31 December 24	1,533	3,613	5,146
Net book value
At 31 December 24	67	4,646	4,713
At 31 December 23	90	6,194	6,284

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	4,374	1,343
Prepayments and accrued income	102	189
Total	4,476	1,532

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	7,847	6,102
Other creditors	2,000	3,167
Accrued liabilities and deferred income	1,572	3,304
Total	11,419	12,573

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	895	1,194
Total	895	1,194

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
MCNABOE, Andrew James	0	2,266	0	2,266
	0	2,266	0	2,266