Booth Lynch & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09129459 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

BOOTH LYNCH & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Booth

REGISTERED OFFICE:

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

REGISTERED NUMBER:

09129459 (England and Wales)

ACCOUNTANTS:

Booth Lynch & Co Limited

4 The Dell

Woodlaithes Village

Rotherham

S66 3ZQ

FIXED ASSETS

Tangible assets

4

855

1,068

CURRENT ASSETS

Debtors

5

19,361

17,286

Cash at bank

2,001

5,059

21,362

22,345

CREDITORS

Amounts falling due within one year

6

16,658

19,671

NET CURRENT ASSETS

4,704

2,674

TOTAL ASSETS LESS CURRENT LIABILITIES

5,559

3,742

PROVISIONS FOR LIABILITIES

60

82

NET ASSETS

5,499

3,660

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

5,498

3,659

SHAREHOLDERS' FUNDS

5,499

3,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 Income Statement has not been delivered.

The financial statements were approved by the director on 31 May 2019 and were signed by:

N J Booth - Director

1.	STATUTORY INFORMATION

Booth Lynch & 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

575

1,680

2,255

DEPRECIATION

At 1 September 2017

289

898

1,187

Charge for year

57

156

213

At 31 August 2018

346

1,054

1,400

NET BOOK VALUE

At 31 August 2018

229

626

855

At 31 August 2017

286

782

1,068

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

19,361

17,286

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Taxation and social security

16,274

19,567

Other creditors

384

104

16,658

19,671

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Booth.