LINCOLN TRANSPORT SERVICES LTD

Company Registration Number:
13939501 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 24 February 2022

End date: 28 February 2023

LINCOLN TRANSPORT SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LINCOLN TRANSPORT SERVICES LTD

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The directors shown below have held office during the whole of the period from
24 February 2022 to 28 February 2023

Zain Ali
Tariq HUSSAIN


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 October 2023

And signed on behalf of the board by:
Name: Tariq HUSSAIN
Status: Director

LINCOLN TRANSPORT SERVICES LTD

Profit And Loss Account

for the Period Ended 28 February 2023

2023


£
Turnover: 2,041,140
Cost of sales: ( 1,346,049 )
Gross profit(or loss): 695,091
Administrative expenses: ( 498,689 )
Operating profit(or loss): 196,402
Profit(or loss) before tax: 196,402
Tax: ( 37,316 )
Profit(or loss) for the financial year: 159,086

LINCOLN TRANSPORT SERVICES LTD

Balance sheet

As at 28 February 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 87,873
Total fixed assets: 87,873
Current assets
Debtors: 4 80,552
Cash at bank and in hand: 22,546
Total current assets: 103,098
Net current assets (liabilities): 103,098
Total assets less current liabilities: 190,971
Creditors: amounts falling due after more than one year: 5 ( 51,882 )
Total net assets (liabilities): 139,089
Capital and reserves
Called up share capital: 3
Profit and loss account: 139,086
Total Shareholders' funds: 139,089

The notes form part of these financial statements

LINCOLN TRANSPORT SERVICES LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 October 2023
and signed on behalf of the board by:

Name: Tariq HUSSAIN
Status: Director

The notes form part of these financial statements

LINCOLN TRANSPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Intangible fixed assets amortisation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

LINCOLN TRANSPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023
    Average number of employees during the period 7

LINCOLN TRANSPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 87,873 87,873
Disposals
Revaluations
Transfers
At 28 February 2023 87,873 87,873
Depreciation
Charge for year
On disposals
Other adjustments
At 28 February 2023
Net book value
At 28 February 2023 87,873 87,873

LINCOLN TRANSPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023
£
Trade debtors 72,158
Other debtors 8,394
Total 80,552

LINCOLN TRANSPORT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 51,882
Total 51,882