Linton UK Maintenance Ltd 30/06/2020 iXBRL

Linton UK Maintenance Ltd 30/06/2020 iXBRL

LINTON UK MAINTENANCE LTD - Company Information

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Company registration number: 07655011
Linton UK Maintenance Ltd
Unaudited filleted financial statements
30 June 2020
Linton UK Maintenance Ltd
Directors and other information
Directors Mr S G Large
Mr D A Baxter
Company number 07655011
Registered office Unit 1, York Road Light Industrial Estate
York Road
Wetherby
West Yorkshire
LS22 7SU
Accountants Hodgson Hey Limited
Heritage Exchange
South Lane
Elland
HX5 0HG
Bankers The Royal Bank of Scotland
30 East Parade
Leeds
LS1 5PS
Linton UK Maintenance Ltd
Statement of financial position
30 June 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 29,016 30,764
_______ _______
29,016 30,764
Current assets
Debtors 6 93,444 161,507
Cash at bank and in hand 75,076 47,204
_______ _______
168,520 208,711
Creditors: amounts falling due
within one year 7 ( 68,023) ( 107,883)
_______ _______
Net current assets 100,497 100,828
_______ _______
Total assets less current liabilities 129,513 131,592
_______ _______
Net assets 129,513 131,592
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 129,503 131,582
_______ _______
Shareholders funds 129,513 131,592
_______ _______
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 March 2021 , and are signed on behalf of the board by:
Mr S G Large
Director
Company registration number: 07655011
Linton UK Maintenance Ltd
Notes to the financial statements
Year ended 30 June 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Linton UK Maintenance Ltd, Unit 1, York Road Light Industrial Estate, York Road, Wetherby, West Yorkshire, LS22 7SU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2019: 12 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2019 2,235 1,718 59,399 63,352
Additions - 2,100 15,950 18,050
Disposals - - ( 24,000) ( 24,000)
_______ _______ _______ _______
At 30 June 2020 2,235 3,818 51,349 57,402
_______ _______ _______ _______
Depreciation
At 1 July 2019 1,107 778 30,703 32,588
Charge for the year 282 760 9,896 10,938
Disposals - - ( 15,140) ( 15,140)
_______ _______ _______ _______
At 30 June 2020 1,389 1,538 25,459 28,386
_______ _______ _______ _______
Carrying amount
At 30 June 2020 846 2,280 25,890 29,016
_______ _______ _______ _______
At 30 June 2019 1,128 940 28,696 30,764
_______ _______ _______ _______
6. Debtors
2020 2019
£ £
Trade debtors 82,279 152,911
Other debtors 11,165 8,596
_______ _______
93,444 161,507
_______ _______
7. Creditors: amounts falling due within one year
2020 2019
£ £
Bank loans and overdrafts 41,164 44,065
Trade creditors 5,186 12,130
Corporation tax 2,491 18,670
Social security and other taxes 16,350 28,684
Other creditors 2,832 4,334
_______ _______
68,023 107,883
_______ _______
8. Related party transactions
Mrs F Large, wife of the director, loaned the company £74,000. The balance at 30-06-2020 is £41,164 (2019 - £44,065).