Company Registration No. 05279620 (England and Wales)
Linde Werdelin Ltd
Unaudited accounts
for the year ended 31 December 2019
Linde Werdelin Ltd
Unaudited accounts
Contents
Linde Werdelin Ltd
Company Information
for the year ended 31 December 2019
Company Number
05279620 (England and Wales)
Registered Office
Berkeley Suite
35 Berkeley Square
Mayfair
London
W1J 5BF
United Kingdom
Linde Werdelin Ltd
Statement of financial position
as at 31 December 2019
Intangible assets
49,243
26,460
Tangible assets
32,163
47,545
Inventories
1,573,423
1,720,776
Cash at bank and in hand
(6,413)
(6,446)
Creditors: amounts falling due within one year
(366,560)
(424,278)
Net current assets
1,357,246
1,598,314
Total assets less current liabilities
1,438,652
1,672,319
Creditors: amounts falling due after more than one year
(2,979,186)
(2,744,811)
Net liabilities
(1,540,534)
(1,072,492)
Called up share capital
7,500,000
7,500,000
Profit and loss account
(9,040,534)
(8,572,492)
Shareholders' funds
(1,540,534)
(1,072,492)
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2020 and were signed on its behalf by
Jorn Werdelin
Director
Company Registration No. 05279620
Linde Werdelin Ltd
Notes to the Accounts
for the year ended 31 December 2019
Linde Werdelin Ltd is a private company, limited by shares, registered in England and Wales, registration number 05279620. The registered office is Berkeley Suite, 35 Berkeley Square, Mayfair, London, W1J 5BF, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of ten years.
Linde Werdelin Ltd
Notes to the Accounts
for the year ended 31 December 2019
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Intangible fixed assets
Total
At 31 December 2019
57,981
At 31 December 2019
49,243
At 31 December 2018
26,460
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of ten years
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Tangible fixed assets
Total
At 31 December 2019
106,180
Charge for the year
16,298
At 31 December 2019
74,017
At 31 December 2019
32,163
At 31 December 2018
47,545
The ultimate holding company is Linde Werdelin A/S, a company registered in Denmark.
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Average number of employees
During the year the average number of employees was 2 (2018: 1).
