LINCOLN DISTRIBUTORS LIMITED

Company Registration Number:
11214312 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2022

Period of accounts

Start date: 1 March 2021

End date: 28 February 2022

LINCOLN DISTRIBUTORS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LINCOLN DISTRIBUTORS LIMITED

Directors' report period ended 28 February 2022

The directors present their report with the financial statements of the company for the period ended 28 February 2022

Directors

The director shown below has held office during the whole of the period from
1 March 2021 to 28 February 2022

Ross Laney


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 August 2022

And signed on behalf of the board by:
Name: Ross Laney
Status: Director

LINCOLN DISTRIBUTORS LIMITED

Profit And Loss Account

for the Period Ended 28 February 2022

2022 2021


£

£
Turnover: 7,120,384 5,927,473
Cost of sales: ( 5,038,483 ) ( 4,937,291 )
Gross profit(or loss): 2,081,901 990,182
Distribution costs: ( 319,283 ) ( 223,847 )
Administrative expenses: ( 432,084 ) ( 320,917 )
Operating profit(or loss): 1,330,534 445,418
Profit(or loss) before tax: 1,330,534 445,418
Tax: ( 194,302 ) ( 84,269 )
Profit(or loss) for the financial year: 1,136,232 361,149

LINCOLN DISTRIBUTORS LIMITED

Balance sheet

As at 28 February 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 763,744 347,524
Total fixed assets: 763,744 347,524
Current assets
Stocks: 4 323,480 95,674
Debtors: 5 985,493 379,657
Cash at bank and in hand: 257,472 68,523
Total current assets: 1,566,445 543,854
Creditors: amounts falling due within one year: 6 ( 375,904 ) ( 328,324 )
Net current assets (liabilities): 1,190,541 215,530
Total assets less current liabilities: 1,954,285 563,054
Total net assets (liabilities): 1,954,285 563,054
Capital and reserves
Called up share capital: 275,000 1
Other reserves: 0 20,000
Profit and loss account: 1,679,285 543,053
Total Shareholders' funds: 1,954,285 563,054

The notes form part of these financial statements

LINCOLN DISTRIBUTORS LIMITED

Balance sheet statements

For the year ending 28 February 2022 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 August 2022
and signed on behalf of the board by:

Name: Ross Laney
Status: Director

The notes form part of these financial statements

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 18 14

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2021 165,000 37,797 39,630 65,287 115,584 423,298
Additions 336,744 21,839 23,859 13,475 72,308 468,225
Disposals
Revaluations
Transfers
At 28 February 2022 501,744 59,636 63,489 78,762 187,892 891,523
Depreciation
At 1 March 2021 6,842 10,196 21,829 36,907 75,774
Charge for year 4,638 6,238 14,637 26,492 52,005
On disposals
Other adjustments
At 28 February 2022 11,480 16,434 36,466 63,399 127,779
Net book value
At 28 February 2022 501,744 48,156 47,055 42,296 124,493 763,744
At 28 February 2021 165,000 30,955 29,434 43,458 78,677 347,524

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Stocks

2022 2021
£ £
Stocks 323,480 95,674
Total 323,480 95,674

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

5. Debtors

2022 2021
£ £
Trade debtors 985,493 379,657
Total 985,493 379,657

LINCOLN DISTRIBUTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 181,602 243,695
Taxation and social security 194,302 84,629
Total 375,904 328,324