Lyngarrie Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC229054

Lyngarrie Limited

Filleted Unaudited Financial Statements

30 April 2026

Lyngarrie Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4		4,159	5,822

Current assets

Stocks		22,785	24,097
Debtors	5	10,671	8,902
Cash at bank and in hand		10,537	21,659
		--------	--------
		43,993	54,658

Creditors: amounts falling due within one year	6	3,287		15,425
		--------		--------
Net current assets			40,706	39,233
			--------	--------
Total assets less current liabilities			44,865	45,055
			--------	--------
Net assets			44,865	45,055
			--------	--------

Lyngarrie Limited

Statement of Financial Position (continued)

30 April 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	21,002	21,002
Profit and loss account	23,863	24,053
	--------	--------
Shareholders funds	44,865	45,055
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

Mr M Cowie

Director

Company registration number: SC229054

Lyngarrie Limited

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 35 Queen Street, Peterhead, AB42 1TP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 May 2025	456	5,818	4,925	11,199
Additions	708	–	914	1,622
Disposals	( 236)	–	–	( 236)
	----	-------	-------	--------
At 30 April 2026	928	5,818	5,839	12,585
	----	-------	-------	--------
Depreciation
At 1 May 2025	291	1,455	3,631	5,377
Charge for the year	232	1,454	1,599	3,285
Disposals	( 236)	–	–	( 236)
	----	-------	-------	--------
At 30 April 2026	287	2,909	5,230	8,426
	----	-------	-------	--------
Carrying amount
At 30 April 2026	641	2,909	609	4,159
	----	-------	-------	--------
At 30 April 2025	165	4,363	1,294	5,822
	----	-------	-------	--------

5. Debtors

	2026	2025
	£	£
Other debtors	10,671	8,902
	--------	-------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	905	778
Other creditors	2,382	14,647
	-------	--------
	3,287	15,425
	-------	--------

7. Directors' advances, credits and guarantees

A loan of £2,382 (2025: £14,532) existed at the balance sheet date, due by the company to the directors. This amount was interest free and carried no fixed repayment terms. As the companies main creditors the directors confirm their continuing support.