Lyons (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04694799 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

LYONS (UK) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr J R J Lyons

Mrs S A Lyons

SECRETARY:

Mrs S A Lyons

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

REGISTERED NUMBER:

04694799 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Lyons (UK) Limited for the year ended 31st March 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lyons (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lyons (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Lyons (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lyons (UK) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lyons (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lyons (UK) Limited. You consider that Lyons (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lyons (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

20th December 2016

FIXED ASSETS

Intangible assets

2

184,163

210,163

Tangible assets

3

3,678

2,067

187,841

212,230

CURRENT ASSETS

Debtors

354,675

360,222

Cash at bank and in hand

17,712

21,604

372,387

381,826

CREDITORS

Amounts falling due within one year

214,667

244,081

NET CURRENT ASSETS

157,720

137,745

TOTAL ASSETS LESS CURRENT
LIABILITIES

345,561

349,975

PROVISIONS FOR LIABILITIES

415

48

NET ASSETS

345,146

349,927

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

344,146

348,927

SHAREHOLDERS' FUNDS

345,146

349,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th December 2016 and were signed on its behalf
by:

Mr J R J Lyons - Director

Mrs S A Lyons - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net sales of services for the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

520,000

AMORTISATION

At 1st April 2015

309,837

Amortisation for year

26,000

At 31st March 2016

335,837

NET BOOK VALUE

At 31st March 2016

184,163

At 31st March 2015

210,163

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

24,984

Additions

4,491

At 31st March 2016

29,475

DEPRECIATION

At 1st April 2015

22,917

Charge for year

2,880

At 31st March 2016

25,797

NET BOOK VALUE

At 31st March 2016

3,678

At 31st March 2015

2,067

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000