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Company Registration No. 10567666 (England and Wales)
BEN LINNECOR DRYLINING & PLASTERING LTD Unaudited accounts for the year ended 31 January 2024
BEN LINNECOR DRYLINING & PLASTERING LTD Unaudited accounts Contents
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BEN LINNECOR DRYLINING & PLASTERING LTD Company Information for the year ended 31 January 2024
Director
Ben Linnecor
Company Number
10567666 (England and Wales)
Registered Office
29 BRUTUS COURT NORTH HYKEHAM LINCOLN LN6 9FY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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BEN LINNECOR DRYLINING & PLASTERING LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,184 
31,980 
Current assets
Debtors
11,914 
16,516 
Cash at bank and in hand
1,190 
2,084 
13,104 
18,600 
Creditors: amounts falling due within one year
(14,600)
(12,986)
Net current (liabilities)/assets
(1,496)
5,614 
Total assets less current liabilities
24,688 
37,594 
Creditors: amounts falling due after more than one year
(19,253)
(32,178)
Provisions for liabilities
Deferred tax
(5,273)
(5,273)
Net assets
162 
143 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
160 
141 
Shareholders' funds
162 
143 
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
Ben Linnecor Director Company Registration No. 10567666
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BEN LINNECOR DRYLINING & PLASTERING LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
BEN LINNECOR DRYLINING & PLASTERING LTD is a private company, limited by shares, registered in England and Wales, registration number 10567666. The registered office is 29 BRUTUS COURT, NORTH HYKEHAM, LINCOLN, LN6 9FY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased & Hire Purchase assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BEN LINNECOR DRYLINING & PLASTERING LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,625 
48,128 
52,753 
At 31 January 2024
4,625 
48,128 
52,753 
Depreciation
At 1 February 2023
3,412 
17,361 
20,773 
Charge for the year
243 
5,553 
5,796 
At 31 January 2024
3,655 
22,914 
26,569 
Net book value
At 31 January 2024
970 
25,214 
26,184 
At 31 January 2023
1,213 
30,767 
31,980 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
18,462 
30,767 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
222 
395 
Trade debtors
2,337 
- 
Other debtors
9,355 
16,121 
11,914 
16,516 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
Obligations under finance leases and hire purchase contracts
7,749 
7,749 
Trade creditors
1,905 
- 
Taxes and social security
4,296 
572 
Loans from directors
(15,355)
(12,873)
Accruals
650 
650 
Deferred income
9,355 
10,888 
14,600 
12,986 
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BEN LINNECOR DRYLINING & PLASTERING LTD Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,540 
14,950 
Obligations under finance leases and hire purchase contracts
10,713 
17,228 
19,253 
32,178 
Balance of Bounce Back Loan: £8,540 Yr 2. £6,000 + Interest Yr 3. £2,540 + Interest Interest at 2.5% over the remaining term. Hire Purchase Balance due after 12 months £10,713
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,273 
5,273 
2024 
2023 
£ 
£ 
Provision at start of year
5,273 
2,993 
Charged to the profit and loss account
- 
2,280 
Provision at end of year
5,273 
5,273 
No adjustment to the deferred taxation reserve in this current period This reserve of some £5,273 has been created due to accelerated capital allowances and will reverse in future periods creating a tax liability at the prevailing rate on day
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ben Linnecor
Unsecured loan
(12,873)
(2,482)
- 
(15,355)
(12,873)
(2,482)
- 
(15,355)
The director has a loan outstanding at the end of the financial period of some £15,355
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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