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Lindon Limited
Registered Number:04430693
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Lindon Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04430693
As at 31 May 2023
Lindon Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
95
127
2
95
127
Current assets
Inventories
2,000
2,000
3
Trade and other receivables
4,357
3,891
4
1,629
Cash and cash equivalents
500
6,391
7,986
Trade and other payables: amounts falling due within one
year
(8,019)
(6,375)
5
(33)
16
Net current assets
Total assets less current liabilities
111
94
(18)
(23)
Provisions for liabilities
93
Net assets
71
Capital and reserves
Called up share capital
2
2
Retained earnings
91
69
93
71
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R J Bayliss Director
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2023
Lindon Limited
Notes to the Financial Statements
Statutory Information
Lindon Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04430693.
Registered address:
Old Unit 2 Providence Street
Lye
Stourbridge
England
DY9 8HN
The presentation currency is £ sterling.
This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts
in these financial statements have been rounded to the nearest pound unless otherwise stated.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs and purchases, costs of conversion and other costs incurred in bringing stock to its present location and condition.Cost is calculated using the first in first out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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.
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5
For the year ended 31 May 2023
Lindon Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 June 2022
1,163
691
84
388
At 31 May 2023
388
84
691
1,163
Provision for depreciation and impairment
At 01 June 2022
1,036
569
84
383
Charge for year
32
31
-
1
At 31 May 2023
1,068
600
84
384
At 31 May 2023
Net book value
4
-
91
95
At 31 May 2022
5
-
122
127
3. Inventories
2022
2023
£
£
Stocks
2,000
2,000
4. Trade and other receivables
2022
2023
£
£
Other debtors
3,891
4,357
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
127
-
Trade creditors
222
1,091
Taxation and social security
961
1,584
Other creditors
5,065
5,344
6,375
8,019
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6
For the year ended 31 May 2023
Lindon Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 31 May 2023 the directors owed the company £1,727 (2022 - £2,193). This amount is included in other debtors.
Interest was charged on this loan at the official rate of 2.25% (2022 - 2%).
7. Average number of persons employed
During the year the average number of employees was 0
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