Registered number
11142861
Linam Commercials Limited
Filleted Accounts
31 January 2023
Linam Commercials Limited
Registered number: 11142861
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 116,082 118,151
Current assets
Debtors 4 4,077 -
Cash at bank and in hand 3,640 8,894
7,717 8,894
Creditors: amounts falling due within one year 5 (56,181) (57,613)
Net current liabilities (48,464) (48,719)
Total assets less current liabilities 67,618 69,432
Creditors: amounts falling due after more than one year 6 (21,132) (24,196)
Net assets 46,486 45,236
Capital and reserves
Called up share capital 10 10
Profit and loss account 46,476 45,226
Shareholders' funds 46,486 45,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Creane
Director
Approved by the board on 16 November 2023
Linam Commercials Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised according to the date on which the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 2% straight line
Plant and machinery 15 % reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 February 2022 117,340 954 118,294
At 31 January 2023 117,340 954 118,294
Depreciation
At 1 February 2022 - 143 143
Charge for the year 1,947 122 2,069
At 31 January 2023 1,947 265 2,212
Net book value
At 31 January 2023 115,393 689 116,082
At 31 January 2022 117,340 811 118,151
4 Debtors 2023 2022
£ £
Trade debtors 2,550 -
Other debtors 1,527 -
4,077 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,733 3,733
Trade creditors 22,700 29,514
Taxation and social security costs 24,312 18,777
Other creditors 5,436 5,589
56,181 57,613
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,132 24,196
7 Related party transactions
During the year dividends were paid to shareholding directors of £9,000 (2022: £26,500)

The balance owed to the directors was £86 (2022: £363) at the year end.
8 Controlling party
The company is wholly controlled by the directors.
9 Other information
Linam Commercials Limited is a private company limited by shares and incorporated in England. Its registered office is:
276 Burton Road
Lincoln
Lincolnshire
LN1 3UW
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