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REGISTERED NUMBER: 03406180 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Lineside Maintenance Company Limited

Lineside Maintenance Company Limited (Registered number: 03406180)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lineside Maintenance Company Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: G Chamberlain
J A Hogg





SECRETARY: G Chamberlain





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 03406180 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

Lineside Maintenance Company Limited (Registered number: 03406180)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,151 255,685
Investments 5 88,750 97,750
349,901 353,435

CURRENT ASSETS
Debtors 6 50,479 36,126
Cash at bank 97,118 28,858
147,597 64,984
CREDITORS
Amounts falling due within one year 7 40,162 17,181
NET CURRENT ASSETS 107,435 47,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,336

401,238

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 20,000 20,000
Retained earnings 437,334 381,236
SHAREHOLDERS' FUNDS 457,336 401,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Lineside Maintenance Company Limited (Registered number: 03406180)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





J A Hogg - Director


Lineside Maintenance Company Limited (Registered number: 03406180)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Lineside Maintenance Company 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

Lineside Maintenance Company Limited (Registered number: 03406180)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 183,500 184,128 367,628
Additions - 24,000 24,000
At 31 December 2021 183,500 208,128 391,628
DEPRECIATION
At 1 January 2021 - 111,943 111,943
Charge for year - 18,534 18,534
At 31 December 2021 - 130,477 130,477
NET BOOK VALUE
At 31 December 2021 183,500 77,651 261,151
At 31 December 2020 183,500 72,185 255,685

Cost or valuation at 31 December 2021 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 20,000 - 20,000
Cost 163,500 208,128 371,628
183,500 208,128 391,628

5. FIXED ASSET INVESTMENTS

31.12.21 31.12.20
£    £   
Other investments not loans 75,000 75,000
Other loans 13,750 22,750
88,750 97,750

Additional information is as follows:

Investments (neither listed nor unlisted) were as follows:
31.12.21 31.12.20
£    £   
Defined Returns Plan 75,000 75,000
Other
loans
£   
At 1 January 2021
and 31 December 2021 13,750

Lineside Maintenance Company Limited (Registered number: 03406180)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 11,820 3,300
Other debtors 38,659 32,826
50,479 36,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Taxation and social security 154 (419 )
Other creditors 40,008 17,600
40,162 17,181

8. RESERVES
Fair
value
reserve
£   
At 1 January 2021
and 31 December 2021 20,000