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REGISTERED NUMBER: 11064223 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lindsey Energy (Lincolnshire) Limited

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lindsey Energy (Lincolnshire) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Sir O Thorold
J Patrick





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 11064223 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 772,357 836,720
Tangible assets 5 2,160,412 2,262,998
2,932,769 3,099,718

CURRENT ASSETS
Debtors 6 417,890 59,628
Cash at bank 250,613 152,450
668,503 212,078
CREDITORS
Amounts falling due within one year 7 292,114 336,778
NET CURRENT ASSETS/(LIABILITIES) 376,389 (124,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,309,158

2,975,018

CREDITORS
Amounts falling due after more than one
year

8

(196,359

)

(239,235

)

PROVISIONS FOR LIABILITIES (201,624 ) (175,574 )
NET ASSETS 2,911,175 2,560,209

CAPITAL AND RESERVES
Called up share capital 10 1,550,100 1,550,100
Retained earnings 1,361,075 1,010,109
SHAREHOLDERS' FUNDS 2,911,175 2,560,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 27 August 2024 and were signed on its behalf by:




J Patrick - Director


Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lindsey Energy (Lincolnshire) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of eighteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fencing - 10% on cost
Metering - 33.33% straight line/25% red'g balance
Solar panels - 4% on cost
CCTV - 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 NIL (2022 - NIL).

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 1,158,535
AMORTISATION
At 1 December 2022 321,815
Charge for year 64,363
At 30 November 2023 386,178
NET BOOK VALUE
At 30 November 2023 772,357
At 30 November 2022 836,720

5. TANGIBLE FIXED ASSETS
Land and
Buildings Fencing Metering
£    £    £   
COST
At 1 December 2022
and 30 November 2023 427,014 114,961 26,589
DEPRECIATION
At 1 December 2022 - 57,735 8,825
Charge for year - 11,496 1,754
At 30 November 2023 - 69,231 10,579
NET BOOK VALUE
At 30 November 2023 427,014 45,730 16,010
At 30 November 2022 427,014 57,226 17,764

Solar
panels CCTV Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 2,199,915 8,875 2,777,354
DEPRECIATION
At 1 December 2022 441,938 5,858 514,356
Charge for year 87,997 1,339 102,586
At 30 November 2023 529,935 7,197 616,942
NET BOOK VALUE
At 30 November 2023 1,669,980 1,678 2,160,412
At 30 November 2022 1,757,977 3,017 2,262,998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 417,890 59,628

Lindsey Energy (Lincolnshire) Limited (Registered number: 11064223)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,204 29,516
Trade creditors 211 2,367
Taxation and social security 147,548 98,534
Other creditors 111,151 206,361
292,114 336,778

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 142,073 176,378
Other creditors 54,286 62,857
196,359 239,235

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 175,277 205,894

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1,550,000 Ordinary Redeemable £1 1,550,000 1,550,000
1,550,100 1,550,100