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REGISTERED NUMBER: 07656114 (England and Wales)













LINSHELL DISTRIBUTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021






LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINSHELL DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTOR: Mrs. L Gee





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 07656114 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 19,895 6,938
Cash at bank and in hand 4,396 7,580
24,291 14,518
CREDITORS
Amounts falling due within one year 5 179,124 133,477
NET CURRENT LIABILITIES (154,833 ) (118,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(154,833

)

(118,959

)

CREDITORS
Amounts falling due after more than one
year

6

42,334

45,000
NET LIABILITIES (197,167 ) (163,959 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (197,267 ) (164,059 )
SHAREHOLDERS' FUNDS (197,167 ) (163,959 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

BALANCE SHEET - continued
31ST DECEMBER 2021


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 30th August 2022 and were signed by:





Mrs. L Gee - Director


LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

Linshell Distribution 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.

These financial statements have been prepared on the going concern basis. The company is reliant upon the continuing financial support of its directors. If this support was withdrawn the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further liabilities which may arise. The company is unable to quantify the effects of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover, which represents the sale of hair accessory products, is recognised when goods are despatched to the customers.

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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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

LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 3 (2020 - 3 ) .

4. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Trade debtors 15,772 2,451
Amounts owed by group undertakings 1,800 2,580
Other debtors 1,884 1,907
19,456 6,938

Amounts falling due after more than one year:
Other debtors 439 -

Aggregate amounts 19,895 6,938

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 7) 11,218 -
Trade creditors 34,473 14,873
Amounts owed to group undertakings 14,948 -
Taxation and social security (8,995 ) (8,792 )
Other creditors 127,480 127,396
179,124 133,477

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 42,334 45,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 3,750

LINSHELL DISTRIBUTION LIMITED (REGISTERED NUMBER: 07656114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


7. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 11,218 -

Amounts falling due between one and two years:
Other loans - 1-2 years 4,569 5,250

Amounts falling due between two and five years:
Other loans - 2-5 years 37,765 36,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 3,750

In May 2020 the company obtained a Bounce Back loan for £45,000. The loan is repayable over 5 years, starting in June 2021. Interest is at a rate of 2.5%.