The Flynn Dynasty Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09326004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020

FOR

THE FLYNN DYNASTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G H Pemberton

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09326004 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

FIXED ASSETS

Tangible assets

4

1,378

-

CURRENT ASSETS

Debtors

5

26,875

40,000

Cash at bank

71,723

61,280

98,598

101,280

CREDITORS

Amounts falling due within one year

6

77,934

87,582

NET CURRENT ASSETS

20,664

13,698

TOTAL ASSETS LESS CURRENT LIABILITIES

22,042

13,698

PROVISIONS FOR LIABILITIES

7

262

-

NET ASSETS

21,780

13,698

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

21,680

13,598

SHAREHOLDERS' FUNDS

21,780

13,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th January 2021 and were signed by:

G H Pemberton - Director

1.	STATUTORY INFORMATION

The Flynn Dynasty 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

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

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,838

At 31st March 2020

1,838

DEPRECIATION

Charge for year

460

At 31st March 2020

460

NET BOOK VALUE

At 31st March 2020

1,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

15,000

Prepayments and accrued income

26,875

25,000

26,875

40,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

70

2,249

Tax

11,017

16,560

Social security and other taxes

491

153

VAT

4,050

473

Directors' current accounts

44,456

25,397

Accrued expenses

17,850

42,750

77,934

87,582

7.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

262

-

Deferred

tax

£

Movement in the year due to:-

changes in tax allowances

262

Balance at 31st March 2020

262

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100

9.	CAPITAL COMMITMENTS

31.3.20

31.3.19

£

£

Contracted but not provided for in the

financial statements

-

-

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G H Pemberton.