Linnells Limited - Accounts to registrar (filleted) - small 18.2

Linnells Limited - Accounts to registrar (filleted) - small 18.2

LINNELLS LIMITED - Company Information

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REGISTERED NUMBER: 04167650 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2019

for

LINNELLS LIMITED
LINNELLS LIMITED (REGISTERED NUMBER: 04167650)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

LINNELLS LIMITED

Company Information
for the Year Ended 31 December 2019







DIRECTOR: M R I Steven BSc, MRICS





SECRETARY:





REGISTERED OFFICE: Gold Tops House
Pentonville
Newport
NP20 5HB





REGISTERED NUMBER: 04167650 (England and Wales)





ACCOUNTANTS: JAMES de FRIAS
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Mid Glamorgan
CF37 4DY
Page 1
LINNELLS LIMITED (REGISTERED NUMBER: 04167650)

Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,718 5,228

CURRENT ASSETS
Debtors 5 15,536 12,976
Cash at bank and in hand 16,669 59,617
32,205 72,593
CREDITORS
Amounts falling due within one year 6 25,065 33,266
NET CURRENT ASSETS 7,140 39,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,858
44,555

PROVISIONS FOR LIABILITIES 852 939
NET ASSETS 11,006 43,616

CAPITAL AND RESERVES
Called up share capital 52 52
Retained earnings 10,954 43,564
SHAREHOLDERS' FUNDS 11,006 43,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 by the director on 18 March 2020 and were signed by:





M R I Steven BSc, MRICS - Director


The notes form part of these financial statements

Page 2
LINNELLS LIMITED (REGISTERED NUMBER: 04167650)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Linnells 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.
Fixtures and fittings - 20% 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 5 (2018 - 5 ) .

Page 3 continued...
LINNELLS LIMITED (REGISTERED NUMBER: 04167650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2019 26,944
Additions 584
At 31 December 2019 27,528
DEPRECIATION
At 1 January 2019 21,716
Charge for year 1,094
At 31 December 2019 22,810
NET BOOK VALUE
At 31 December 2019 4,718
At 31 December 2018 5,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 15,536 11,226
Other debtors - 1,750
15,536 12,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Taxation and social security 21,575 28,615
Other creditors 3,490 4,651
25,065 33,266

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,610 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is M R I Steven BSc, MRICS.

Page 4
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Linnells Limited

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 Statement of Comprehensive Income 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 Linnells Limited for the year ended 31 December 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 Linnells Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Linnells Limited and state those matters that we have agreed to state to the director of Linnells 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 Linnells Limited and its director for our work or for this report.

It is your duty to ensure that Linnells 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 Linnells Limited. You consider that Linnells 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 Linnells 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.






JAMES de FRIAS
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Mid Glamorgan
CF37 4DY


18 March 2020

This page does not form part of the statutory financial statements

Page 5