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REGISTERED NUMBER: 02250493 (England and Wales)






















Financial Statements

for the Year Ended 31 March 2023

for

Hindles of Lincoln Limited

Hindles of Lincoln Limited (Registered number: 02250493)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Hindles of Lincoln Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms C K Dowson
Mr N Sewell





SECRETARY: Ms C K Dowson





REGISTERED OFFICE: Moorland Way
Tritton Road
Lincoln
LN6 7JP





REGISTERED NUMBER: 02250493 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hindles of Lincoln Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement 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 Hindles of Lincoln Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Hindles of Lincoln 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 Hindles of Lincoln Limited and state those matters that we have agreed to state to the Board of Directors of Hindles of Lincoln 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 Hindles of Lincoln Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hindles of Lincoln 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 Hindles of Lincoln Limited. You consider that Hindles of Lincoln 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 Hindles of Lincoln 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


10 October 2023

Hindles of Lincoln Limited (Registered number: 02250493)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 533,320 472,954

CURRENT ASSETS
Stocks 365,411 258,246
Debtors 5 729,736 784,463
Cash at bank and in hand 900,889 537,607
1,996,036 1,580,316
CREDITORS
Amounts falling due within one year 6 981,934 1,152,582
NET CURRENT ASSETS 1,014,102 427,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,547,422

900,688

PROVISIONS FOR LIABILITIES 111,556 95,362
NET ASSETS 1,435,866 805,326

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,435,766 805,226
SHAREHOLDERS' FUNDS 1,435,866 805,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 10 October 2023 and were signed on its behalf by:





Ms C K Dowson - Director


Hindles of Lincoln Limited (Registered number: 02250493)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hindles of Lincoln 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.

Turnover
Turnover represents the value of services invoiced during the year, excluding value added tax.

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 - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Office equipment, fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work-in-progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks
Cost is calculated using the first-in, first out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress
Where the outcome of contracts can be estimated reliably, revenue and costs are recognised by reference to the stage of completion. This is measured by the proportion that contract costs incurred to date bear to the estimated total contract costs.

Where the outcome of contracts cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

When it is probable that the total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

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.

Hindles of Lincoln Limited (Registered number: 02250493)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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 33 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment,
Improvements fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 15,911 1,105,654 211,976 171,423 1,504,964
Additions - 23,827 169,531 - 193,358
Disposals - - - (11,389 ) (11,389 )
At 31 March 2023 15,911 1,129,481 381,507 160,034 1,686,933
DEPRECIATION
At 1 April 2022 1,591 810,236 111,844 108,339 1,032,010
Charge for year 1,432 81,610 33,657 14,775 131,474
Eliminated on disposal - - - (9,871 ) (9,871 )
At 31 March 2023 3,023 891,846 145,501 113,243 1,153,613
NET BOOK VALUE
At 31 March 2023 12,888 237,635 236,006 46,791 533,320
At 31 March 2022 14,320 295,418 100,132 63,084 472,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 725,761 780,806
Other debtors 3,975 3,657
729,736 784,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 363,884 311,750
Taxation and social security 260,834 144,025
Other creditors 357,216 696,807
981,934 1,152,582

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100