Lindsey Relay Co. (Brigg) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00933797 (England and Wales)

LINDSEY RELAY CO. (BRIGG) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

J P Vickers

SECRETARY:

B M Vickers

REGISTERED OFFICE:

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

00933797 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

4

85,695

90,409

Investments

5

1,390

1,390

87,085

91,799

CURRENT ASSETS

Stocks

43,543

56,817

Debtors

6

8,914

4,343

Cash at bank

100,934

154,080

153,391

215,240

CREDITORS

Amounts falling due within one year

7

123,833

119,469

NET CURRENT ASSETS

29,558

95,771

TOTAL ASSETS LESS CURRENT LIABILITIES

116,643

187,570

CREDITORS

Amounts falling due after more than one year

8

(25,426

)

(37,768

)

PROVISIONS FOR LIABILITIES

(3,108

)

(4,003

)

NET ASSETS

88,109

145,799

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

87,109

144,799

SHAREHOLDERS' FUNDS

88,109

145,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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 8th August 2023 and were signed by:

J P Vickers - Director

1.	STATUTORY INFORMATION

Lindsey Relay Co. (Brigg) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings and equipment

-

15% on cost

Motor vehicles

-

25% on reducing balance

Rental sets

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

Motor

Rental

property

equipment

vehicles

sets

Totals

£

£

£

£

£

COST

At 1st July 2022

and 30th June 2023

69,339

134,900

48,491

1,500

254,230

DEPRECIATION

At 1st July 2022

-

134,647

27,674

1,500

163,821

Charge for year

-

253

4,461

-

4,714

At 30th June 2023

-

134,900

32,135

1,500

168,535

NET BOOK VALUE

At 30th June 2023

69,339

-

16,356

-

85,695

At 30th June 2022

69,339

253

20,817

-

90,409

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st July 2022

and 30th June 2023

22,304

DEPRECIATION

At 1st July 2022

1,491

Charge for year

4,461

At 30th June 2023

5,952

NET BOOK VALUE

At 30th June 2023

16,352

At 30th June 2022

20,813

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st July 2022

and 30th June 2023

1,390

NET BOOK VALUE

At 30th June 2023

1,390

At 30th June 2022

1,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

8,914

4,343

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

10,015

10,593

Hire purchase contracts

3,153

3,153

Trade creditors

80,397

71,775

Corporation Tax

11,879

12,386

Social security and other taxes

574

1,048

VAT

9,217

8,425

Income in advance

6,365

3,950

Directors' current accounts

28

71

Accrued expenses

2,205

8,068

123,833

119,469

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Other loans - 1-2 years

19,908

29,097

Hire purchase contracts

5,518

8,671

25,426

37,768

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director by virtue of his shareholding.