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Company No: 13092132 (England and Wales)

J LINDSAY LIMITED

Unaudited Financial Statements
For the financial period from 21 December 2020 to 31 December 2021
Pages for filing with the registrar

J LINDSAY LIMITED

Unaudited Financial Statements

For the financial period from 21 December 2020 to 31 December 2021

Contents

J LINDSAY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
J LINDSAY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 31.12.2021
£
Fixed assets
Tangible assets 4 51,851
51,851
Current assets
Cash at bank and in hand 31,450
31,450
Creditors
Amounts falling due within one year 5 ( 12,911)
Net current assets 18,539
Total assets less current liabilities 70,390
Creditors
Amounts falling due after more than one year 6 ( 27,739)
Net assets 42,651
Capital and reserves
Called-up share capital 100
Profit and loss account 42,551
Total shareholders' funds 42,651

For the financial period ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of J Lindsay Limited (registered number: 13092132) were approved and authorised for issue by the Director on 31 August 2022. They were signed on its behalf by:

Dr Jindriska Lindsay
Director
J LINDSAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 December 2020 to 31 December 2021
J LINDSAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 December 2020 to 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

J Lindsay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
21.12.2020 to
31.12.2021
Number
Monthly average number of persons employed by the Company during the period, including the director 1

4. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 21 December 2020 0 0 0
Additions 58,104 1,258 59,362
At 31 December 2021 58,104 1,258 59,362
Accumulated depreciation
At 21 December 2020 0 0 0
Charge for the financial period 7,263 248 7,511
At 31 December 2021 7,263 248 7,511
Net book value
At 31 December 2021 50,841 1,010 51,851

5. Creditors: amounts falling due within one year

31.12.2021
£
Other creditors 2,174
Obligations under finance leases and hire purchase contracts 10,737
12,911

6. Creditors: amounts falling due after more than one year

31.12.2021
£
Obligations under finance leases and hire purchase contracts 27,739

7. Related party transactions

Transactions with the entity's director

31.12.2021
£
Director's loan account 974

At the period end the company owed the director £974.