Linnodee Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: NI033768 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

LINNODEE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs L M McCalmont

E A Reddicliffe

SECRETARY:

Mrs L M McCalmont

REGISTERED OFFICE:

Oakmount

Holestone Road

Ballyclare

BT39 0TJ

REGISTERED NUMBER:

NI033768 (Northern Ireland)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

FIXED ASSETS

Tangible assets

4

110,434

54,934

CURRENT ASSETS

Stocks

25,776

24,331

Debtors

5

28,996

139,220

Cash at bank

229,147

176,502

283,919

340,053

CREDITORS

Amounts falling due within one year

6

180,263

248,307

NET CURRENT ASSETS

103,656

91,746

TOTAL ASSETS LESS CURRENT LIABILITIES

214,090

146,680

CREDITORS

Amounts falling due after more than one year

7

52,858

-

NET ASSETS

161,232

146,680

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

146,232

131,680

SHAREHOLDERS' FUNDS

161,232

146,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1st June 2017 and were signed on its behalf by:

Mrs L M McCalmont - Director

1.	STATUTORY INFORMATION

Linnodee Limited is a private company, limited by shares , registered in Northern Ireland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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.

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

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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2016

63,436

81,113

4,442

14,348

163,339

Additions

-

-

357

70,950

71,307

Disposals

-

-

-

(1,555

)

(1,555

)

At 31st March 2017

63,436

81,113

4,799

83,743

233,091

DEPRECIATION

At 1st April 2016

21,572

70,603

3,956

12,274

108,405

Charge for year

1,269

2,628

211

10,144

14,252

At 31st March 2017

22,841

73,231

4,167

22,418

122,657

NET BOOK VALUE

At 31st March 2017

40,595

7,882

632

61,325

110,434

At 31st March 2016

41,864

10,510

486

2,074

54,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

19,601

21,348

Amounts owed by group undertakings

-

107,973

VAT

-

2,274

Prepayments and accrued income

9,395

7,625

28,996

139,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

8,627

-

Trade creditors

1,128

6,409

Amounts owed to group undertakings

88,500

-

Tax

5,128

3,290

VAT

4,301

-

Accrued expenses

72,579

238,608

180,263

248,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

52,858

-

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive

Income and certain other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Linnodee Limited for the year ended 31st March 2017 which comprise the Statement of

Comprehensive Income, Statement of Financial Position, and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Linnodee Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Linnodee Limited and state those matters that we have agreed to state to the Board of Directors of Linnodee Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Linnodee Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Linnodee Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Linnodee Limited. You consider that Linnodee Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Linnodee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon CR0 0YN

7th June 2017