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REGISTERED NUMBER: 10148073 (England and Wales)















LING COMMERCIALS LTD

Unaudited Financial Statements for the Year Ended 30 April 2023






LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LING COMMERCIALS LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: S Vicknakumaran





REGISTERED OFFICE: 4 Church Avenue
Northolt
Middlesex
UB5 5DG





REGISTERED NUMBER: 10148073 (England and Wales)





ACCOUNTANTS: Millennium Professional Services (UK) Limited
Lotus House
227 Preston Road
Wembley
Middlesex
HA9 8NF

LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)

Balance Sheet
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,000 23,000

CURRENT ASSETS
Debtors 5 6,250 15,000
Cash at bank 3,705 37,955
9,955 52,955
CREDITORS
Amounts falling due within one year 6 14,699 52,869
NET CURRENT (LIABILITIES)/ASSETS (4,744 ) 86
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,256

23,086

CREDITORS
Amounts falling due after more than one
year

7

7,820

11,150
NET ASSETS 10,436 11,936

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,336 11,836
SHAREHOLDERS' FUNDS 10 10,436 11,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)

Balance Sheet - continued
30 APRIL 2023


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 director and authorised for issue on 27 December 2023 and were signed by:





S Vicknakumaran - Director


LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Ling Commercials 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.

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.

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.

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.

LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 23,000
NET BOOK VALUE
At 30 April 2023 23,000
At 30 April 2022 23,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 6,250 15,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts - 37,777
Trade creditors - 2
Tax 545 1,995
Social security and other taxes (463 ) (232 )
Other creditors - 305
Directors' current accounts 13,817 12,222
Accrued expenses 800 800
14,699 52,869

LING COMMERCIALS LTD (REGISTERED NUMBER: 10148073)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans more 5 yr by instal 7,820 10,634
Hire purchase contracts - 516
7,820 11,150

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,820 10,634

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 11,836
Profit for the year 2,500
Dividends (4,000 )
At 30 April 2023 10,336

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.4.23 30.4.22
£    £   
Profit for the financial year 2,500 8,518
Dividends (4,000 ) (4,000 )
Opening share capital
Net (reduction)/addition to shareholders' funds (1,500 ) 4,518
Opening shareholders' funds 11,936 7,418
Closing shareholders' funds 10,436 11,936