Linnodee Limited - Accounts to registrar (filleted) - small 23.2.5
Linnodee Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2023 |
| for |
| LINNODEE LIMITED |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Contents of the Financial Statements |
| for the year ended 31st March 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| LINNODEE LIMITED |
| Company Information |
| for the year ended 31st March 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suffolk House |
| George Street |
| Croydon CR0 0YN |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Statement of Financial Position |
| 31st March 2023 |
| 31.3.23 | 31.3.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Statement of Financial Position - continued |
| 31st March 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Notes to the Financial Statements |
| for the year ended 31st March 2023 |
| 1. | STATUTORY INFORMATION |
| Linnodee Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company continues to trade profitability and is expected to keep generating positive cash flows for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| Turnover |
| Revenue 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 |
| Tangible fixed assets under the cost model are stated at historical cost less any accumulated depreciation. Historical costs include expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Improvements to property - 2% on cost |
| Plant and machinery - 25% on reducing balance |
| Fixtures and fittings - 25% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income. |
| Stocks |
| Inventories 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 statement of financial position date. |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. |
| 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. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term trade creditors are measured at the transaction price. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2023 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Improvements | Fixtures |
| to | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st April 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1st April 2022 |
| Disposals | ( |
) |
| At 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| LINNODEE LIMITED (REGISTERED NUMBER: NI033768) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Finance leases |
| Trade creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Finance leases |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Giltspur Scientific Limited. |