IRIS Accounts Production v23.3.0.418 11198116 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111981162022-02-28111981162023-02-28111981162022-03-012023-02-28111981162021-02-28111981162021-03-012022-02-28111981162022-02-2811198116ns10:Originalns15:EnglandWales2022-03-012023-02-2811198116ns14:PoundSterlingns10:Original2022-03-012023-02-2811198116ns10:Originalns10:Director12022-03-012023-02-2811198116ns10:Original2022-03-012023-02-2811198116ns10:Original2023-02-2811198116ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811198116ns10:Originalns10:SmallEntities2022-03-012023-02-2811198116ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811198116ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811198116ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811198116ns10:Originalns10:AbridgedAccounts2022-03-012023-02-2811198116ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2811198116ns10:Originalns10:OrdinaryShareClass22022-03-012023-02-2811198116ns10:OrdinaryShareClass3ns10:Original2022-03-012023-02-2811198116ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811198116ns10:Original2022-02-2811198116ns10:Originalns5:CurrentFinancialInstruments2023-02-2811198116ns10:Originalns5:CurrentFinancialInstruments2022-02-2811198116ns10:Originalns5:Non-currentFinancialInstruments2023-02-2811198116ns10:Originalns5:Non-currentFinancialInstruments2022-02-2811198116ns5:ShareCapitalns10:Original2023-02-2811198116ns5:ShareCapitalns10:Original2022-02-2811198116ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811198116ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811198116ns10:Originalns5:FurnitureFittings2022-03-012023-02-2811198116ns10:Originalns5:MotorVehicles2022-03-012023-02-2811198116ns10:Originalns5:ComputerEquipment2022-03-012023-02-2811198116ns10:Original2021-03-012022-02-2811198116ns10:Original2022-02-2811198116ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811198116ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2811198116ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-02-2811198116ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-02-2811198116ns10:Originalns5:HirePurchaseContracts2023-02-2811198116ns10:Originalns5:HirePurchaseContracts2022-02-2811198116ns10:Originalns10:OrdinaryShareClass12023-02-2811198116ns10:Originalns10:OrdinaryShareClass22023-02-2811198116ns10:OrdinaryShareClass3ns10:Original2023-02-28
REGISTERED NUMBER: 11198116 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

LNW Finance Limited

LNW Finance Limited (Registered number: 11198116)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LNW Finance Limited

Company Information
for the year ended 28 February 2023







Director: L N Ward





Registered office: 2 The Downs Cottages
Ross-on-Wye
Herefordshire
HR9 7TJ





Registered number: 11198116 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

LNW Finance Limited (Registered number: 11198116)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,718 14,416

CURRENT ASSETS
Debtors 128,305 50,277
Cash at bank 126,540 142,670
254,845 192,947
CREDITORS
Amounts falling due within one year (45,312 ) (51,819 )
NET CURRENT ASSETS 209,533 141,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,251

155,544

CREDITORS
Amounts falling due after more than one
year

(44,363

)

(31,704

)

PROVISIONS FOR LIABILITIES (8,876 ) (2,739 )
NET ASSETS 203,012 121,101

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 202,912 121,001
SHAREHOLDERS' FUNDS 203,012 121,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

LNW Finance Limited (Registered number: 11198116)

Abridged Balance Sheet - continued
28 February 2023


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 Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





L N Ward - Director


LNW Finance Limited (Registered number: 11198116)

Notes to the Financial Statements
for the year ended 28 February 2023


1. STATUTORY INFORMATION

LNW Finance 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 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.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

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.

LNW Finance Limited (Registered number: 11198116)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 March 2022 39,634
Additions 46,663
Disposals (29,525 )
At 28 February 2023 56,772
Depreciation
At 1 March 2022 25,218
Charge for year 5,019
Eliminated on disposal (20,183 )
At 28 February 2023 10,054
Net book value
At 28 February 2023 46,718
At 28 February 2022 14,416

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 6,341 3,459
Between one and five years 21,159 -
27,500 3,459

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
100 100