Lineflow Limited 03981619 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Process Engineering Consultants Digita Accounts Production Advanced 6.30.9574.0 true true 03981619 2023-05-01 2024-04-30 03981619 2024-04-30 03981619 core:RetainedEarningsAccumulatedLosses 2024-04-30 03981619 core:ShareCapital 2024-04-30 03981619 core:CurrentFinancialInstruments 2024-04-30 03981619 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03981619 core:FurnitureFittingsToolsEquipment 2024-04-30 03981619 bus:SmallEntities 2023-05-01 2024-04-30 03981619 bus:Audited 2023-05-01 2024-04-30 03981619 bus:FilletedAccounts 2023-05-01 2024-04-30 03981619 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03981619 bus:RegisteredOffice 2023-05-01 2024-04-30 03981619 bus:CompanySecretary1 2023-05-01 2024-04-30 03981619 bus:Director2 2023-05-01 2024-04-30 03981619 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03981619 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 03981619 countries:AllCountries 2023-05-01 2024-04-30 03981619 2022-05-01 2023-04-30 03981619 2023-04-30 03981619 core:RetainedEarningsAccumulatedLosses 2023-04-30 03981619 core:ShareCapital 2023-04-30 03981619 core:CurrentFinancialInstruments 2023-04-30 03981619 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 03981619

Lineflow Limited

Filleted Financial Statements

for the Year Ended 30 April 2024

 

Lineflow Limited

Contents

Company Information

1

Statement of Financial Statement

2

Notes to the Financial Statements

3 to 6

 

Lineflow Limited

Company Information

Director

Mr Raymond Wain

Company secretary

Mrs M Wain

Registered office

C/O Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

Auditors

Bright Partnership Limited
Unit 26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

 

Lineflow Limited

(Registration number: 03981619)
Statement of Financial Statement as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

213

-

Current assets

 

Debtors

5

967

2,178

Cash at bank and in hand

 

24,826

75,775

 

25,793

77,953

Creditors: Amounts falling due within one year

6

(2,302)

(39,361)

Net current assets

 

23,491

38,592

Net assets

 

23,704

38,592

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

23,604

38,492

Shareholders' funds

 

23,704

38,592

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr Raymond Wain
Director

 

Lineflow Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
C/O Bright Partnership
26 Edward Court
Altrincham Business Park
Altrincham
WA14 5GL

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 30 July 2024 was , who signed for and on behalf of Bright Partnership Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Lineflow Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial statement at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Lineflow Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Computer Equipment
£

Total
£

Cost or valuation

Additions

275

275

At 30 April 2024

275

275

Depreciation

Charge for the year

62

62

At 30 April 2024

62

62

Carrying amount

At 30 April 2024

213

213

Revaluation

5

Debtors

Current

2024
£

2023
£

Trade debtors

967

1,665

Other debtors

-

513

 

967

2,178

 

Lineflow Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

283

248

Taxation and social security

702

-

Accruals and deferred income

1,180

1,180

Other creditors

137

37,933

2,302

39,361

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100