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REGISTERED NUMBER: 05397220 (England and Wales)















LINCS ELECTRICAL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


LINCS ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: P Connor-West
J Burchell





SECRETARY: E K Connor-West





REGISTERED OFFICE: 14 - 16 Wellowgate
Grimsby
N E. Lincolnshire
DN32 0RA





REGISTERED NUMBER: 05397220 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LINCS ELECTRICAL SERVICES 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 Lincs Electrical Services Limited for the year ended 30th April 2023 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lincs Electrical Services Limited, as a body, in accordance with the terms of our engagement letter dated 5th January 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Lincs Electrical Services Limited and state those matters that we have agreed to state to the Board of Directors of Lincs Electrical Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lincs Electrical Services 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 Lincs Electrical Services Limited. You consider that Lincs Electrical Services 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 Lincs Electrical Services 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.






Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB


4th October 2023

LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,450 107,853

CURRENT ASSETS
Stocks 5 159,799 97,732
Debtors 6 951,560 684,155
Cash at bank and in hand 960,513 1,045,296
2,071,872 1,827,183
CREDITORS
Amounts falling due within one year 7 958,976 1,122,647
NET CURRENT ASSETS 1,112,896 704,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,201,346

812,389

CREDITORS
Amounts falling due after more than one
year

8

(15,606

)

(28,091

)

PROVISIONS FOR LIABILITIES (16,806 ) (20,492 )
NET ASSETS 1,168,934 763,806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,168,834 763,706
SHAREHOLDERS' FUNDS 1,168,934 763,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)

BALANCE SHEET - continued
30TH APRIL 2023


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 4th October 2023 and were signed on its behalf by:




J Burchell - Director



P Connor-West - Director


LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Lincs Electrical Services 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 net invoiced services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Office equipment - 15% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 50 ) .

LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Tools and and Motor Office
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2022 25,897 61,611 242,633 74,563 404,704
Additions - - - 6,211 6,211
Disposals - - (9,000 ) - (9,000 )
Reclassification/transfer - - (5,398 ) - (5,398 )
At 30th April 2023 25,897 61,611 228,235 80,774 396,517
DEPRECIATION
At 1st May 2022 21,049 61,611 179,620 34,571 296,851
Charge for year 969 - 17,537 7,108 25,614
Eliminated on disposal - - (9,000 ) - (9,000 )
Reclassification/transfer - - (5,398 ) - (5,398 )
At 30th April 2023 22,018 61,611 182,759 41,679 308,067
NET BOOK VALUE
At 30th April 2023 3,879 - 45,476 39,095 88,450
At 30th April 2022 4,848 - 63,013 39,992 107,853

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st May 2022 62,332
Transfer to ownership (8,495 )
At 30th April 2023 53,837
DEPRECIATION
At 1st May 2022 15,715
Charge for year 13,459
Transfer to ownership (4,505 )
At 30th April 2023 24,669
NET BOOK VALUE
At 30th April 2023 29,168
At 30th April 2022 46,617

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 12,000 12,000
Work-in-progress 147,799 85,732
159,799 97,732

LINCS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05397220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 923,862 657,892
Prepayments 27,698 26,263
951,560 684,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 12,485 13,901
Trade creditors 482,755 655,287
Current Corporation tax 152,885 50,592
Social security and other taxes 26,915 36,926
VAT 96,307 132,978
Other creditors 19,802 20,511
Directors' current accounts - 767
Accruals and deferred income 167,827 211,685
958,976 1,122,647

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 15,606 28,091

9. ULTIMATE CONTROLLING PARTY

The directors control the company.