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

REGISTERED NUMBER: 01765312 (England and Wales)

Financial Statements

for the Year Ended 31 October 2020

for

LINESHIELD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G W Lloyd

SECRETARY:

Mrs H A Lloyd

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

01765312 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

CURRENT ASSETS

Cash at bank and in hand

20,356

16,565

CREDITORS

Amounts falling due within one year

5

20,256

8,143

NET CURRENT ASSETS

100

8,422

TOTAL ASSETS LESS CURRENT LIABILITIES

100

8,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

8,322

100

8,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 and authorised for issue on 5 July 2021 and were signed by:

Mr G W Lloyd - Director

1.	STATUTORY INFORMATION

Lineshield 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company as there are sufficient external funds available.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2019

151

443

594

Disposals

(151

)

(443

)

(594

)

At 31 October 2020

-

-

-

DEPRECIATION

At 1 November 2019

151

443

594

Eliminated on disposal

(151

)

(443

)

(594

)

At 31 October 2020

-

-

-

NET BOOK VALUE

At 31 October 2020

-

-

-

At 31 October 2019

-

-

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Tax

4,313

5,896

Directors' current accounts

9,017

447

Accruals and deferred income

6,926

1,800

20,256

8,143

6.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £9,017 (2019: £447), due and payable to the directors. The amount is interest free and repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G W Lloyd.