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REGISTERED NUMBER: 11796070 (England and Wales)















LIENESCH LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022






LIENESCH LTD (REGISTERED NUMBER: 11796070)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

LIENESCH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: R F J De Lange
B H J Lienesch
R Greaves
J Albertini





SECRETARY:





REGISTERED OFFICE: Unit 2 Hunslet Trading Estate
Severn Road
LEEDS
LS10 1BL





REGISTERED NUMBER: 11796070 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

LIENESCH LTD (REGISTERED NUMBER: 11796070)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 64,338 29,982

CURRENT ASSETS
Inventories 5 435,169 247,683
Debtors 6 207,222 187,707
Cash at bank 106,630 94,280
749,021 529,670
CREDITORS
Amounts falling due within one year 7 1,257,891 916,240
NET CURRENT LIABILITIES (508,870 ) (386,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(444,532

)

(356,588

)

CAPITAL AND RESERVES
Called up share capital 8 196 196
Retained earnings (444,728 ) (356,784 )
SHAREHOLDERS' FUNDS (444,532 ) (356,588 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

LIENESCH LTD (REGISTERED NUMBER: 11796070)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2022


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 5 May 2023 and were signed on its behalf by:




R F J De Lange - Director



B H J Lienesch - Director


LIENESCH LTD (REGISTERED NUMBER: 11796070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Lienesch Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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.
Machinery - 25% on reducing balance
Office Equipment - 25% on cost

Stocks
Inventories are valued at the lower of cost and 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 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

LIENESCH LTD (REGISTERED NUMBER: 11796070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Office
Machinery Fittings Machinery Equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 20,074 15,278 3,971 4,175 43,498
Additions - 5,780 26,622 12,626 45,028
At 31 December 2022 20,074 21,058 30,593 16,801 88,526
DEPRECIATION
At 1 January 2022 8,220 2,623 794 1,879 13,516
Charge for year 3,794 3,151 1,876 1,851 10,672
At 31 December 2022 12,014 5,774 2,670 3,730 24,188
NET BOOK VALUE
At 31 December 2022 8,060 15,284 27,923 13,071 64,338
At 31 December 2021 11,854 12,655 3,177 2,296 29,982

5. INVENTORIES
2022 2021
£    £   
Stocks 435,169 247,683

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 166,789 82,320
Other debtors 40,433 105,387
207,222 187,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 101,015 75,328
Taxation and social security 51,283 7,533
Other creditors 1,105,593 833,379
1,257,891 916,240

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 196 196

LIENESCH LTD (REGISTERED NUMBER: 11796070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

9. RELATED PARTY DISCLOSURES

During the year the company was loaned £9,350 (2021: £60,791) by RC Lienesch International BV, a shareholder of Lienesch Ltd. At the year end £285,863 (2021:£276,513) was outstanding.

During the year the company was loaned £174,089 (2021: £78,467) by RC Lienesch BV, a company controlled by RC Lienesch International BV a shareholder. At the year end £526,793 (2021: £352,702) was outstanding.

During the year the company was loaned £33,040 (2021: £197,078) by Global International Trading Limited a subsidiary of Global Mergers & Acquisitions Limited who in turn owns 100% of Global Blinds & Shutters Limted a shareholder. At the year end £229,117 (2021: £196,077) was oustanding.

10. GOING CONCERN

The directors have indicated that they will provide the financial resources to allow the company to continue in operational existence for the foreseeable future The accounts have therefore been drawn up on a going concern basis.

LIENESCH LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
LIENESCH LTD

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


5 May 2023