Lineside Maintenance Company Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03406180 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Lineside Maintenance Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Chamberlain

J A Hogg

SECRETARY:

G Chamberlain

REGISTERED OFFICE:

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

REGISTERED NUMBER:

03406180 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

FIXED ASSETS

Tangible assets

4

253,925

261,151

Investments

5

76,500

88,750

Investment property

6

202,615

-

533,040

349,901

CURRENT ASSETS

Debtors

7

38,193

50,479

Cash at bank

106,221

97,118

144,414

147,597

CREDITORS

Amounts falling due within one year

8

131,177

40,162

NET CURRENT ASSETS

13,237

107,435

TOTAL ASSETS LESS CURRENT LIABILITIES

546,277

457,336

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

20,000

20,000

Retained earnings

526,275

437,334

SHAREHOLDERS' FUNDS

546,277

457,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 June 2023 and were signed on its behalf by:

J A Hogg - Director

1.	STATUTORY INFORMATION

Lineside Maintenance Company 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.

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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2022

183,500

208,128

391,628

Additions

-

12,657

12,657

At 31 December 2022

183,500

220,785

404,285

DEPRECIATION

At 1 January 2022

-

130,477

130,477

Charge for year

-

19,883

19,883

At 31 December 2022

-

150,360

150,360

NET BOOK VALUE

At 31 December 2022

183,500

70,425

253,925

At 31 December 2021

183,500

77,651

261,151

Cost or valuation at 31 December 2022 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

20,000

-

20,000

Cost

163,500

220,785

384,285

183,500

220,785

404,285

5.	FIXED ASSET INVESTMENTS

31.12.22

31.12.21

£

£

Other investments not loans

75,000

75,000

Other loans

1,500

13,750

76,500

88,750

Additional information is as follows:

Investments (neither listed nor unlisted) were as follows:

31.12.22

31.12.21

£

£

Defined Returns Plan

75,000

75,000

Other

loans

£

At 1 January 2022

13,750

Repayment in year

(9,000

)

Other movement

(3,250

)

At 31 December 2022

1,500

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

202,615

At 31 December 2022

202,615

NET BOOK VALUE

At 31 December 2022

202,615

Fair value at 31 December 2022 is represented by:

£

Cost

202,615

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

3,420

11,820

Other debtors

34,773

38,659

38,193

50,479

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Taxation and social security

20,042

154

Other creditors

111,135

40,008

131,177

40,162

9.

RESERVES

Fair

value

reserve

£

At 1 January 2022

and 31 December 2022

20,000