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REGISTERED NUMBER: 04656695 (England and Wales)


















The Lincoln Consultancy Ltd

Unaudited Financial Statements for the Year Ended 28 February 2023






The Lincoln Consultancy Ltd (Registered number: 04656695)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Lincoln Consultancy Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: T Lincoln
Mrs J R Lincoln





REGISTERED OFFICE: The Stationmaster's House
Hunwick Station
Crook
Co. Durham
DL15 0RA





REGISTERED NUMBER: 04656695 (England and Wales)






The Lincoln Consultancy Ltd (Registered number: 04656695)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,808 19,801

CURRENT ASSETS
Debtors 5 7,557 2,844
Cash at bank and in hand 36,375 7,908
43,932 10,752
CREDITORS
Amounts falling due within one year 6 29,411 8,671
NET CURRENT ASSETS 14,521 2,081
TOTAL ASSETS LESS CURRENT LIABILITIES 32,329 21,882

CREDITORS
Amounts falling due after more than one year 7 16,557 21,734
NET ASSETS 15,772 148

CAPITAL AND RESERVES
Called up share capital 9 103 103
Retained earnings 10 15,669 45
SHAREHOLDERS' FUNDS 15,772 148

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 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.

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 29 November 2023 and were signed on its behalf by:





T Lincoln - Director


The Lincoln Consultancy Ltd (Registered number: 04656695)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Lincoln Consultancy 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 33,101 6,269 32,961 72,331
Additions - - 1,982 1,982
Disposals - - (9,129 ) (9,129 )
At 28 February 2023 33,101 6,269 25,814 65,184
DEPRECIATION
At 1 March 2022 14,800 5,789 31,941 52,530
Charge for year 2,745 72 1,158 3,975
Eliminated on disposal - - (9,129 ) (9,129 )
At 28 February 2023 17,545 5,861 23,970 47,376
NET BOOK VALUE
At 28 February 2023 15,556 408 1,844 17,808
At 28 February 2022 18,301 480 1,020 19,801

The Lincoln Consultancy Ltd (Registered number: 04656695)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,400 -
Directors' current accounts - 914
Prepayments and accrued income 2,157 1,930
7,557 2,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1 (2 )
Tax 16,447 3,200
Social security and other taxes 2 -
VAT 12,116 4,731
Directors' current accounts 103 -
Accrued expenses 742 742
29,411 8,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 8) 16,557 21,734

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,557 21,734

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 16,557 21,734

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
103 103

The Lincoln Consultancy Ltd (Registered number: 04656695)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. RESERVES
Retained
earnings
£   

At 1 March 2022 45
Profit for the year 68,124
Dividends (52,500 )
At 28 February 2023 15,669