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REGISTERED NUMBER: 05588956 (England and Wales)















A AND K LINCS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






A AND K LINCS LIMITED (REGISTERED NUMBER: 05588956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


A AND K LINCS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: A S Nijjar
K K Nijjar
G S Nijjar
Mrs D K Nijjar





SECRETARY: Mrs K K Nijjar





REGISTERED OFFICE: Rosedale
Waltham Road
Barnoldby le Beck
Grimsby
N E Lincolnshire
DN37 0AS





REGISTERED NUMBER: 05588956 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

A AND K LINCS LIMITED (REGISTERED NUMBER: 05588956)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,059 300,976

CURRENT ASSETS
Stocks 22,250 14,250
Debtors 5 145,713 81,121
Cash at bank and in hand 79,219 205,143
247,182 300,514
CREDITORS
Amounts falling due within one year 6 261,724 232,871
NET CURRENT (LIABILITIES)/ASSETS (14,542 ) 67,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,517

368,619

CREDITORS
Amounts falling due after more than one
year

7

(33,503

)

(60,339

)

PROVISIONS FOR LIABILITIES (46,360 ) (56,013 )
NET ASSETS 154,654 252,267

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,554 252,167
SHAREHOLDERS' FUNDS 154,654 252,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 28th February 2024 and were signed on its behalf by:





G S Nijjar - Director


A AND K LINCS LIMITED (REGISTERED NUMBER: 05588956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

A And K Lincs 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 - at varying rates on cost

Stocks
Stocks 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 51 ) .

A AND K LINCS LIMITED (REGISTERED NUMBER: 05588956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022 772,108
Additions 2,689
At 31st March 2023 774,797
DEPRECIATION
At 1st April 2022 471,132
Charge for year 54,606
At 31st March 2023 525,738
NET BOOK VALUE
At 31st March 2023 249,059
At 31st March 2022 300,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 14,262 26,625
Other debtors 131,451 54,496
145,713 81,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 25,895 24,954
Trade creditors 72,772 45,680
Taxation and social security 56,717 48,573
Other creditors 106,340 113,664
261,724 232,871

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 33,503 60,339