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LINETECH SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023






LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LINETECH SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023







DIRECTOR: Mr L Jeffrey





SECRETARY: Mr C McNeill





REGISTERED OFFICE: 21 Glen Shee Gardens
Carluke
ML8 4RR





REGISTERED NUMBER: SC721167 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 29,621

CURRENT ASSETS
Debtors 80,556
Cash at bank and in hand 1,189
81,745
CREDITORS
Amounts falling due within one year 43,555
NET CURRENT ASSETS 38,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,811

PROVISIONS FOR LIABILITIES 6,220
NET ASSETS 61,591

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 61,491
61,591

LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 31st January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th October 2023 and were signed by:





Mr L Jeffrey - Director


LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023

1. STATUTORY INFORMATION

Linetech Services Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides construction of utility projects for electricity and telecommunications. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised in the accounting period in which the services are rendered and when the outcome of the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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 period was 4 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 31,750
At 31st January 2023 31,750
DEPRECIATION
Charge for period 2,129
At 31st January 2023 2,129
NET BOOK VALUE
At 31st January 2023 29,621

LINETECH SERVICES LTD (REGISTERED NUMBER: SC721167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27TH JANUARY 2022 TO 31ST JANUARY 2023

5. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The amount of unpaid contributions at the balance sheet date amounted to £745 and are included in other creditors.

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan account was not in debit at any time during the period.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LINETECH SERVICES LTD

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Linetech Services Ltd for the period ended 31st January 2023 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Linetech Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Linetech Services Ltd and state those matters that we have agreed to state to the director of Linetech Services Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Linetech Services Ltd 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 Linetech Services Ltd. You consider that Linetech Services Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Linetech Services Ltd. 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.






JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


20th October 2023