Lynx Enterprises Limited - Limited company - abbreviated - 11.0.0

Lynx Enterprises Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: SC170100 (Scotland)








ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

LYNX ENTERPRISES LIMITED

LYNX ENTERPRISES LIMITED (REGISTERED NUMBER: SC170100)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

LYNX ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: Mr M J Muchowski
Mrs J E Muchowski



SECRETARY: Mrs J E Muchowski



REGISTERED OFFICE: Mill of Bandley
Bandley
Alford
Aberdeenshire
AB33 8HD



REGISTERED NUMBER: SC170100 (Scotland)



ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY



SOLICITORS: MacLachlan & MacKenzie
8 Walker Street
EDINBURGH
EH3 7LH

LYNX ENTERPRISES LIMITED (REGISTERED NUMBER: SC170100)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £   
FIXED ASSETS
Tangible assets 2 2,620 2,660
Investment property 3 705,851 705,851
708,471 708,511

CURRENT ASSETS
Debtors 7,659 8,945
Cash at bank 130,083 107,336
137,742 116,281
CREDITORS
Amounts falling due within one year (278,749 ) (293,934 )
NET CURRENT LIABILITIES (141,007 ) (177,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,464

530,858

CREDITORS
Amounts falling due after more than one year - (31,230 )
NET ASSETS 567,464 499,628

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 567,462 499,626
SHAREHOLDERS' FUNDS 567,464 499,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.


LYNX ENTERPRISES LIMITED (REGISTERED NUMBER: SC170100)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014



The financial statements were approved by the Board of Directors on 10 October 2014 and were signed on its behalf by:





Mr M J Muchowski - Director


LYNX ENTERPRISES LIMITED (REGISTERED NUMBER: SC170100)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


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 April 2008).

Turnover
Turnover represents net invoiced sales, excluding value added tax and amounts receivable under service contracts.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value
is transferred to a revaluation reserve.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when
the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment
to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 35,122
Additions 740
At 31 March 2014 35,862
DEPRECIATION
At 1 April 2013 32,462
Charge for year 780
At 31 March 2014 33,242
NET BOOK VALUE
At 31 March 2014 2,620
At 31 March 2013 2,660

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2013
and 31 March 2014 705,851
NET BOOK VALUE
At 31 March 2014 705,851
At 31 March 2013 705,851

LYNX ENTERPRISES LIMITED (REGISTERED NUMBER: SC170100)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2