LN1 Ltd

2022-02-012023-01-312023-01-31false08357537LN1 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LN1 Ltd

Registered Number
08357537
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

LN1 Ltd

Company Information
for the year from 1 February 2022 to 31 January 2023


Directors	Donnerstag, Richard Peter


Registered Address	19 Carline Road
	Lincoln
	LN1 1HL


Registered Number	08357537 (England and Wales)

LN1 Ltd

Balance Sheet as at
31 January 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		1,962		2,121
			1,962		2,121
Current assets
Debtors		720		5,471
Cash at bank and on hand		43,071		51,901
		43,791		57,372
Creditors amounts falling due within one year		(7,274)		(10,724)
Net current assets (liabilities)			36,517		46,648
Total assets less current liabilities			38,479		48,769
Net assets			38,479		48,769
Capital and reserves
Called up share capital			2		2
Profit and loss account			38,477		48,767
Shareholders' funds			38,479		48,769

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 12 April 2023, and are signed on its behalf by:

Donnerstag, Richard Peter
Director
Registered Company No. 08357537

LN1 Ltd

Notes to the Financial Statements
for the year ended 31 January 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 February 22	8,351
	Additions	262
	At 31 January 23	8,613
	Depreciation and impairment
	At 01 February 22	6,230
	Charge for year	421
	At 31 January 23	6,651
	Net book value
	At 31 January 23	1,962
	At 31 January 22	2,121