REGISTERED NUMBER: 06654441 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31st December 2024

for

Lynx Motor Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Freely

REGISTERED OFFICE:

3 Derby Road

Ripley

Derbyshire

DE5 3EA

REGISTERED NUMBER:

06654441 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

3 Derby Road

Ripley

Derbyshire

DE5 3EA

FIXED ASSETS

Tangible assets

4

2,865

3,419

CURRENT ASSETS

Stocks

249,292

347,906

Debtors

5

719,530

564,251

Cash at bank and in hand

19,427

44,265

988,249

956,422

CREDITORS

Amounts falling due within one year

6

344,180

315,837

NET CURRENT ASSETS

644,069

640,585

TOTAL ASSETS LESS CURRENT LIABILITIES

646,934

644,004

PROVISIONS FOR LIABILITIES

716

650

NET ASSETS

646,218

643,354

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

646,216

643,352

SHAREHOLDERS' FUNDS

646,218

643,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th September 2025 and were signed by:

R Freely - Director

1.	STATUTORY INFORMATION

Lynx Motor Co 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.

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 etc

-

40% on reducing balance (quarterly) and 15% on reducing balance (quarterly)

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

13,662

Disposals

(505

)

At 31st December 2024

13,157

DEPRECIATION

At 1st January 2024

10,243

Charge for year

495

Eliminated on disposal

(446

)

At 31st December 2024

10,292

NET BOOK VALUE

At 31st December 2024

2,865

At 31st December 2023

3,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,595

6,619

Other debtors

714,935

557,632

719,530

564,251

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

37,840

34,052

Taxation and social security

89,728

120,815

Other creditors

216,612

160,970

344,180

315,837

7.	RELATED PARTY DISCLOSURES