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Registered number: 06753544
LYNCADE LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Ashford Associates (UK) Limited
Chartered Certified Accountants
74a High Street
Wanstead
London
E11 2RJ
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Miss Lynn Burgess
Mr Graham Cade
Secretary Miss Kathleen Mills
Company Number 06753544
Registered Office 74a High Street
Wanstead
London
E11 2RJ
Accountants Ashford Associates (UK) Limited
Chartered Certified Accountants
74a High Street
Wanstead
London
E11 2RJ
Page 1
Page 2
Statement of Financial Position
Registered number: 06753544
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 750,147 816,603
750,147 816,603
CURRENT ASSETS
Debtors 6 994,041 1,252,755
Cash at bank and in hand 681,657 443,665
1,675,698 1,696,420
Creditors: Amounts Falling Due Within One Year 7 (1,168,715 ) (1,300,863 )
NET CURRENT ASSETS (LIABILITIES) 506,983 395,557
TOTAL ASSETS LESS CURRENT LIABILITIES 1,257,130 1,212,160
Creditors: Amounts Falling Due After More Than One Year 8 (30,326 ) (51,395 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (93,120 ) (106,708 )
NET ASSETS 1,133,684 1,054,057
CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Income Statement 1,083,684 1,004,057
SHAREHOLDERS' FUNDS 1,133,684 1,054,057
Page 2
Page 3
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Miss Lynn Burgess
Director
Mr Graham Cade
Director
10/08/2026
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
LYNCADE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06753544 . The registered office is 74a High Street, Wanstead, London, E11 2RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2%
Motor Vehicles 25%
Computer Equipment 33%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 10,000
As at 31 March 2026 10,000
Amortisation
As at 1 April 2025 10,000
As at 31 March 2026 10,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 468,522 1,699,260 3,725 2,171,507
Additions - 138,693 - 138,693
Disposals - (117,985 ) - (117,985 )
As at 31 March 2026 468,522 1,719,968 3,725 2,192,215
Depreciation
As at 1 April 2025 105,655 1,245,561 3,688 1,354,904
Provided during the period 7,257 131,506 19 138,782
Disposals - (51,618 ) - (51,618 )
As at 31 March 2026 112,912 1,325,449 3,707 1,442,068
Net Book Value
As at 31 March 2026 355,610 394,519 18 750,147
As at 1 April 2025 362,867 453,699 37 816,603
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 994,041 1,252,755
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 991,959 1,111,593
Bank loans and overdrafts 14,678 14,678
Other creditors 13,943 13,398
Taxation and social security 148,135 161,194
1,168,715 1,300,863
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 21,159 32,228
Bounce Back Loan 9,167 19,167
30,326 51,395
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 50,000 50,000
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the year:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Miss Lynn Burgess (2,349 ) - - - (2,349 )
Mr Graham Cade (1,039 ) - - - (1,039 )
The above loan is unsecured, interest free and repayable on demand.
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