Data Shred Lincs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07652705 (England and Wales)

DATA SHRED LINCS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 APRIL 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

Chartered Accountants' Report

6

DIRECTOR:

A Riddel

REGISTERED OFFICE:

Unit 9 Abigate Industrial Park

Spratt Close

Horncastle

LN9 6SB

REGISTERED NUMBER:

07652705 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

15 Chequergate

Louth

Lincolnshire

LN11 0LJ

FIXED ASSETS

Tangible assets

4

46,684

39,547

CURRENT ASSETS

Debtors

5

51,218

76,457

Cash at bank and in hand

1,851

6

53,069

76,463

CREDITORS

Amounts falling due within one year

6

60,857

77,450

NET CURRENT LIABILITIES

(7,788

)

(987

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,896

38,560

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

38,895

38,559

SHAREHOLDERS' FUNDS

38,896

38,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 April 2019 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 and authorised for issue by the director on 23 December 2019 and were signed by:

A Riddel - Director

1.	STATUTORY INFORMATION

Data Shred Lincs 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.

Plant and machinery etc

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 2 April 2018

72,415

Additions

17,307

At 1 April 2019

89,722

DEPRECIATION

At 2 April 2018

32,868

Charge for year

10,170

At 1 April 2019

43,038

NET BOOK VALUE

At 1 April 2019

46,684

At 1 April 2018

39,547

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

12,945

31,432

Amounts falling due after more than one year:

Other debtors

38,273

45,025

Aggregate amounts

51,218

76,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

641

Hire purchase contracts

9,281

19,406

Trade creditors

23,473

38,726

Taxation and social security

2,139

4,833

Other creditors

25,964

13,844

60,857

77,450

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 1 April 2019 and 1 April 2018:

2019

2018

£

£

A Riddel

Balance outstanding at start of year

(12,844

)

(6,113

)

Amounts repaid

(11,120

)

(6,731

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,964

)

(12,844

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be

filed with the Registrar of Companies.

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

statements of Data Shred Lincs Limited for the year ended 1 April 2019 which comprise the Income Statement, 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 director of Data Shred Lincs Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Data Shred Lincs Limited and state those matters that we have agreed to state to the director of Data Shred Lincs Limited 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 Data Shred Lincs Limited and its director for our work or for this report.

It is your duty to ensure that Data Shred Lincs 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 Data Shred Lincs Limited. You consider that Data Shred Lincs 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 Data Shred Lincs 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.

Duncan & Toplis Limited

15 Chequergate

Louth

Lincolnshire

LN11 0LJ

23 December 2019