Linford Czero Limited - Filleted accounts

LINFORD CZERO LIMITED - Company Information

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Registered number

06771890

Linford Czero Limited

Report and Accounts

30 September 2019

Accountancy 4 Wealth Limited

Accountants and Business Advisors

33 Wolverhampton Road

Cannock

Staffordshire

WS11 1AP

Linford Czero Limited
Registered number: 06771890
Balance Sheet
as at 30 September 2019

Notes			2019			2018
£				£
Fixed assets
Investments	2		820			820

Current assets
Debtors	3	237,500			223,691
Cash at bank and in hand		10,343			7,754
		247,843			231,445

Creditors: amounts falling due within one year	4	(14,839)			(36,925)

Net current assets			233,004			194,520

Net assets			233,824			195,340

Capital and reserves
Called up share capital			101			101
Profit and loss account			233,723			195,239

Shareholders' funds			233,824			195,340

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Simon Linford
Director
Approved by the board on 29 November 2019

Linford Czero Limited
Notes to the Accounts
for the year ended 30 September 2019


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 October 2018				820

	At 30 September 2019				820

	The company holds 20% or more of the share capital of the following companies:

	Company	Shares held
		Class			Number
	Czero Developments Limited	Ordinary			6,000
	Sliggo Limited	Ordinary			760

3	Debtors		2019		2018
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		233,000		217,565
	Other debtors		4,500		6,126
			237,500		223,691


4	Creditors: amounts falling due within one year		2019		2018
£				£

	Other taxes and social security costs		64		-
	Other creditors		14,775		36,925
			14,839		36,925

5	Related party transactions

	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

6	Controlling party

	The company is controlled by S Linford and family.

7	Share Capital

			2019		2018
£				£
	Allotted, called up and fully paid:
	10,000 "A" Ordinary shares of £0.01 each		100		100
	100 "D" Ordinary shares of £0.01 each		1		1


	Movement in share capital		2019		2018
£				£

	At 1 October 2018		101		101

	At 30 September 2019		101		101