IRIS Accounts Production v23.4.0.336 10994863 director 1.1.23 31.12.23 31.12.23 13/3/24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109948632022-12-31109948632023-12-31109948632023-01-012023-12-31109948632021-12-31109948632022-01-012022-12-31109948632022-12-3110994863ns15:EnglandWales2023-01-012023-12-3110994863ns14:PoundSterling2023-01-012023-12-3110994863ns10:Director12023-01-012023-12-3110994863ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110994863ns10:SmallEntities2023-01-012023-12-3110994863ns10:Audited2023-01-012023-12-3110994863ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110994863ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110994863ns10:FullAccounts2023-01-012023-12-3110994863ns10:RegisteredOffice2023-01-012023-12-3110994863ns5:CurrentFinancialInstruments2023-12-3110994863ns5:CurrentFinancialInstruments2022-12-3110994863ns5:ShareCapital2023-12-3110994863ns5:ShareCapital2022-12-3110994863ns5:RetainedEarningsAccumulatedLosses2023-12-3110994863ns5:RetainedEarningsAccumulatedLosses2022-12-3110994863ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3110994863ns5:FurnitureFittings2023-01-012023-12-3110994863ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3110994863ns5:FurnitureFittings2022-12-3110994863ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3110994863ns5:FurnitureFittings2023-12-3110994863ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3110994863ns5:FurnitureFittings2022-12-3110994863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110994863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110994863ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3110994863ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-31
REGISTERED NUMBER: 10994863 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LINTEX UK TRADING LIMITED

LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LINTEX UK TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: T Yiasas





REGISTERED OFFICE: 78 York Street
London
W1H 1DP





BUSINESS ADDRESS: 6 Northburgh Street
London
EC1V 0AY





REGISTERED NUMBER: 10994863 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 253,377 19,212

CURRENT ASSETS
Debtors 6 338,214 342,394
Cash at bank 105,364 85,227
443,578 427,621
CREDITORS
Amounts falling due within one year 7 430,793 247,121
NET CURRENT ASSETS 12,785 180,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,162

199,712

PROVISIONS FOR LIABILITIES 10,025 4,803
NET ASSETS 256,137 194,909

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 236,137 174,909
256,137 194,909

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





T Yiasas - Director


LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Lintex UK Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on the despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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.


LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

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


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the income statement on a straight-line basis over the lifetime of the lease. Rent-free periods in the lease payments are spread on a straight -line basis over the lease term.

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.

Basic financial instruments
Cash in hand is measured at transaction price.

Debtors. Trade and other debtors are measured at transaction price. Trade debtors are amounts due from
customers for goods or services performed in the ordinary course of business less any impairment provision.
These are recognised as current assets as collection is due within one year or less.

Creditors: amounts falling due within one year are measured at transaction price. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

Dividends
Dividends are recognised in the company's financial statements in the year in which they are approved in general meetings by the company's shareholders. Interim dividends are recognised when they are paid.

Share capital
Ordinary shares are classified as equity.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEES AND DIRECTORS

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

LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 18,624 1,889 20,513
Additions 213,287 48,983 262,270
At 31 December 2023 231,911 50,872 282,783
DEPRECIATION
At 1 January 2023 776 525 1,301
Charge for year 17,858 10,247 28,105
At 31 December 2023 18,634 10,772 29,406
NET BOOK VALUE
At 31 December 2023 213,277 40,100 253,377
At 31 December 2022 17,848 1,364 19,212

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 231,844 258,834
Other debtors 38,482 16,772
270,326 275,606

Amounts falling due after more than one year:
Other debtors 67,888 66,788

Aggregate amounts 338,214 342,394

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 5,719 646
Trade creditors 22,935 3,518
Amounts owed to group undertakings 198,852 97,133
Taxation and social security 75,294 117,114
Other creditors 127,993 28,710
430,793 247,121

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

LINTEX UK TRADING LIMITED (REGISTERED NUMBER: 10994863)

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


9. OPERATING LEASE COMMITMENTS

The company had an operating lease commitment at 31 December 2023 of £913,139 (2022 £946,152).

10. RELATED PARTY DISCLOSURES

Creditors include amounts due to the parent company, Lintex AB of £198,852 (2022 £97,133). The balance is repayable on demand and is interest bearing.

11. ULTIMATE CONTROLLING PARTY

The immediate parent company is Lintex AB, a company registered in Sweden. The ultimate parent company is Lintex Holding International Group AB, a company registered in Sweden. Copies of the consolidated financial statements of are publicly available.

The ultimate controlling party is Carl Af Ekenstam by virtue of his ownership of Lintex Holding International Group AB.