Linens Fine Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03961375 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

LINENS FINE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I M Birkby

REGISTERED OFFICE:

The Tower

Daltongate Business Centre

Daltongate

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

03961375 (England and Wales)

BANKERS:

Barclays Bank plc

86-88 Dalton Road

Barrow in Furness

Cumbria

LA14 1JF

FIXED ASSETS

Tangible assets

4

19,085

37,286

CURRENT ASSETS

Cash at bank and in hand

5,152

1,651

CREDITORS

Amounts falling due within one year

14,130

30,158

NET CURRENT LIABILITIES

(8,978

)

(28,507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,107

8,779

CREDITORS

Amounts falling due after more than one year

78,395

86,394

NET LIABILITIES

(68,288

)

(77,615

)

CAPITAL AND RESERVES

Called up share capital

5

1,007

1,007

Retained earnings

(69,295

)

(78,622

)

SHAREHOLDERS' FUNDS

(68,288

)

(77,615

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2021 and were signed by:

Mr I M Birkby - Director

1.	STATUTORY INFORMATION

Linens Fine 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.

The company's holding company having indicated it will continue to support the company the financial statements have been prepared on a going concern basis.

The director has confirmed that he will not seek repayment of his loan.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

99,691

DEPRECIATION

At 1 April 2020

62,405

Charge for year

18,201

At 31 March 2021

80,606

NET BOOK VALUE

At 31 March 2021

19,085

At 31 March 2020

37,286

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1,007

Ordinary

£1

1,007

1,007

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Eclipse Storage Limited a company registered in England and Wales.