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Company Registration No. 10046364 (England and Wales)
LINCOLN PLANT LTD Unaudited accounts for the year ended 31 March 2024
LINCOLN PLANT LTD Unaudited accounts Contents
Page
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LINCOLN PLANT LTD Company Information for the year ended 31 March 2024
Directors
James Langcaster Deborah Langcaster
Secretary
Deborah Langcaster
Company Number
10046364 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
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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LINCOLN PLANT LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,901 
59,855 
Current assets
Debtors
29,962 
37,902 
Cash at bank and in hand
6,680 
12,791 
36,642 
50,693 
Creditors: amounts falling due within one year
(32,513)
(30,091)
Net current assets
4,129 
20,602 
Total assets less current liabilities
58,030 
80,457 
Creditors: amounts falling due after more than one year
(9,394)
(9,395)
Provisions for liabilities
Deferred tax
(7,973)
(7,973)
Net assets
40,663 
63,089 
Capital and reserves
Called up share capital
2 
2 
Capital contribution reserve
28,000 
28,000 
Profit and loss account
12,661 
35,087 
Shareholders' funds
40,663 
63,089 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
James Langcaster Director Company Registration No. 10046364
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LINCOLN PLANT LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LINCOLN PLANT LTD is a private company, limited by shares, registered in England and Wales, registration number 10046364. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
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
25% Reducing balance
Motor vehicles
25% 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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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LINCOLN PLANT LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
115,403 
3,700 
119,103 
Additions
7,012 
5,000 
12,012 
At 31 March 2024
122,415 
8,700 
131,115 
Depreciation
At 1 April 2023
55,696 
3,552 
59,248 
Charge for the year
16,680 
1,286 
17,966 
At 31 March 2024
72,376 
4,838 
77,214 
Net book value
At 31 March 2024
50,039 
3,862 
53,901 
At 31 March 2023
59,707 
148 
59,855 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
57 
- 
Trade debtors
12,405 
20,402 
Other debtors
- 
17,500 
12,462 
37,902 
Amounts falling due after more than one year
Other debtors
17,500 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
3,579 
Trade creditors
17,736 
11,689 
Taxes and social security
1,389 
1,459 
Other creditors
24 
- 
Loans from directors
12,699 
12,699 
Accruals
665 
665 
32,513 
30,091 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
9,394 
9,395 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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LINCOLN PLANT LTD Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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