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REGISTERED NUMBER: 14016903 (England and Wales)















Lincs Wifi Solutions Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Lincs Wifi Solutions Limited (Registered number: 14016903)






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


Lincs Wifi Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J L Hill
Mrs M H Hill





SECRETARY:





REGISTERED OFFICE: 30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND





REGISTERED NUMBER: 14016903 (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

Lincs Wifi Solutions Limited (Registered number: 14016903)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,664 10,572

CURRENT ASSETS
Debtors 5 6,017 7,039
Cash at bank 25,556 75,257
31,573 82,296
CREDITORS
Amounts falling due within one year 6 30,653 47,855
NET CURRENT ASSETS 920 34,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,584

45,013

CREDITORS
Amounts falling due after more than one
year

7

(23,682

)

-

PROVISIONS FOR LIABILITIES - (2,009 )
NET ASSETS 24,902 43,004

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 24,892 42,994
24,902 43,004

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.

Lincs Wifi Solutions Limited (Registered number: 14016903)

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 22 August 2024 and were signed on its behalf by:




J L Hill - Director



Mrs M H Hill - Director


Lincs Wifi Solutions Limited (Registered number: 14016903)

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

1. STATUTORY INFORMATION

Lincs Wifi Solutions 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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lincs Wifi Solutions Limited (Registered number: 14016903)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 8,660 5,109 13,769
Additions 41,285 13,238 54,523
Disposals (8,660 ) (1,458 ) (10,118 )
At 31 March 2024 41,285 16,889 58,174
DEPRECIATION
At 1 April 2023 2,165 1,032 3,197
Charge for year 7,740 1,890 9,630
Eliminated on disposal (2,165 ) (152 ) (2,317 )
At 31 March 2024 7,740 2,770 10,510
NET BOOK VALUE
At 31 March 2024 33,545 14,119 47,664
At 31 March 2023 6,495 4,077 10,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,648 6,869
Other debtors 369 170
6,017 7,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,190 -
Trade creditors 141 1,106
Taxation and social security 4,642 22,622
Other creditors 17,680 24,127
30,653 47,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 23,682 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £14,000) were paid to the directors .

Lincs Wifi Solutions Limited (Registered number: 14016903)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is J L Hill.