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REGISTERED NUMBER: 06807686 (England and Wales)















Lincoln Hawk Couriers Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Lincoln Hawk Couriers Limited (Registered number: 06807686)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lincoln Hawk Couriers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S F Khan
M D Cobb FMAAT





SECRETARY: M D Cobb FMAAT





REGISTERED OFFICE: 102 Brant Road
Lincoln
Lincolnshire
LN5 8SH





REGISTERED NUMBER: 06807686 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Lincoln Hawk Couriers Limited (Registered number: 06807686)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,179 22,907

CURRENT ASSETS
Stocks 4,889 7,326
Debtors 5 12,223 13,113
Cash at bank 32,023 44,381
49,135 64,820
CREDITORS
Amounts falling due within one year 6 14,613 15,283
NET CURRENT ASSETS 34,522 49,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,701

72,444

PROVISIONS FOR LIABILITIES 791 4,352
NET ASSETS 50,910 68,092

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 50,906 68,088
SHAREHOLDERS' FUNDS 50,910 68,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Lincoln Hawk Couriers Limited (Registered number: 06807686)

Balance Sheet - continued
31 March 2024


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 30 April 2024 and were signed on its behalf by:




S F Khan - Director



M D Cobb FMAAT - Director


Lincoln Hawk Couriers Limited (Registered number: 06807686)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lincoln Hawk Couriers 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Lincoln Hawk Couriers Limited (Registered number: 06807686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 56,329 7,534 63,863
DEPRECIATION
At 1 April 2023 34,641 6,315 40,956
Charge for year 5,423 305 5,728
At 31 March 2024 40,064 6,620 46,684
NET BOOK VALUE
At 31 March 2024 16,265 914 17,179
At 31 March 2023 21,688 1,219 22,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,676 6,956
Other debtors 5,547 6,157
12,223 13,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,912 1,488
Taxation and social security 6,466 7,232
Other creditors 6,235 6,563
14,613 15,283

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £2,000) were paid to the directors .

During the year, accountancy, payroll and taxation services amounting to £1,360 (2023: £1,305) were provided to the Company by Cobb & Co Accountants Limited, a company owned and controlled by Mr M D Cobb. The amounts are included in the accountancy figure shown in the profit and loss account.

8. ULTIMATE CONTROLLING PARTY

The Company is 100% owned and controlled by S F Khan, one of the directors.