COMPANY REGISTRATION NUMBER:
10175142
Lynwith Consulting Limited
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Filleted Unaudited Financial Statements
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Lynwith Consulting Limited
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Statement of Financial Position
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30 April 2019
Current assets
Cash at bank and in hand
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7,021
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13,244
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Creditors: amounts falling due within one year
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5
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3,993
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10,216
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-------
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--------
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Net current assets
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3,028
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3,028
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-------
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-------
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Total assets less current liabilities
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3,028
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3,028
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-------
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-------
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Capital and reserves
Called up share capital
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100
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100
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Profit and loss account
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2,928
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2,928
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-------
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-------
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Shareholders funds
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3,028
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3,028
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-------
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-------
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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 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.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 30 April 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's 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
;
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The director acknowledges his 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
30 January 2020
, and are signed on behalf of the board by:
Company registration number:
10175142
Lynwith Consulting Limited
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Notes to the Financial Statements
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Year ended 30 April 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 High Street, Branston, Lincoln, LN4 1NB.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
(a)
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.
(b)
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
(c)
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised on completion of the work undertaken.
(d)
Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date
. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference
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(e)
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:
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Equipment
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-
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10% reducing balance
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(f)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities
.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Creditors:
amounts falling due within one year
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2019
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2018
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£
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£
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Trade creditors
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–
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850
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Corporation tax
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–
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5,373
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Directors loan account
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3,993
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3,993
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3,993
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10,216
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6.
Related party transactions
The
Director and shareholder
has a loan account
with the company. As at 30 April 2019 the balance was £ 3,993
(2018 £3,993), this loan is interest free. During the year the shareholder
had loan account, the balance as at 30 April 2019 was NIL
(2018 NIL), this loan is interest free.