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REGISTERED NUMBER: 09520803 (England and Wales)












LINCOLNSHIRE GAME LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023






LINCOLNSHIRE GAME LTD (REGISTERED NUMBER: 09520803)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LINCOLNSHIRE GAME LTD

COMPANY INFORMATION
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023







DIRECTORS: T Kirk
S Wilkinson





SECRETARY: T Kirk





REGISTERED OFFICE: The Steyning
Swineshead
Boston
Lincolnshire
PE20 3NQ





REGISTERED NUMBER: 09520803 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

LINCOLNSHIRE GAME LTD (REGISTERED NUMBER: 09520803)

ABRIDGED BALANCE SHEET
28 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 574,391 547,717

CURRENT ASSETS
Stocks 1,043,000 1,098,000
Debtors 70,276 198,506
Cash at bank and in hand 4,881 17,007
1,118,157 1,313,513
CREDITORS
Amounts falling due within one year 745,609 459,240
NET CURRENT ASSETS 372,548 854,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

946,939

1,401,990

CREDITORS
Amounts falling due after more than one
year

4

(660,698

)

(449,810

)

PROVISIONS FOR LIABILITIES - (73,397 )
NET ASSETS 286,241 878,783

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 286,221 878,763
SHAREHOLDERS' FUNDS 286,241 878,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

LINCOLNSHIRE GAME LTD (REGISTERED NUMBER: 09520803)

ABRIDGED BALANCE SHEET - continued
28 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




T Kirk - Director



S Wilkinson - Director


LINCOLNSHIRE GAME LTD (REGISTERED NUMBER: 09520803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023


1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Straight line over 15 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LINCOLNSHIRE GAME LTD (REGISTERED NUMBER: 09520803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MARCH 2022 TO 28 MARCH 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2022 - 30 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 March 2022 1,222,579
Additions 129,968
At 28 March 2023 1,352,547
DEPRECIATION
At 30 March 2022 674,862
Charge for period 103,294
At 28 March 2023 778,156
NET BOOK VALUE
At 28 March 2023 574,391
At 29 March 2022 547,717

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 30 March 2022 315,522
Additions 106,348
Transfer to ownership (70,461 )
At 28 March 2023 351,409
DEPRECIATION
At 30 March 2022 165,226
Charge for period 42,961
Transfer to ownership (43,137 )
At 28 March 2023 165,050
NET BOOK VALUE
At 28 March 2023 186,359
At 29 March 2022 150,296

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 10,417 6,287