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REGISTERED NUMBER: 01061135 (England and Wales)












E.L. ROBINSON (LINCS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






E.L. ROBINSON (LINCS) LIMITED (REGISTERED NUMBER: 01061135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


E.L. ROBINSON (LINCS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: E L Robinson
S R Hawkes





SECRETARY: E L Robinson





REGISTERED OFFICE: Beech House
Old Bolingbroke
Spilsby
Lincolnshire
PE23 4HL





REGISTERED NUMBER: 01061135 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

E.L. ROBINSON (LINCS) LIMITED (REGISTERED NUMBER: 01061135)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 123,532 144,181

CURRENT ASSETS
Inventories 133,033 153,752
Debtors 43,781 66,328
Cash at bank 62,577 -
239,391 220,080
CREDITORS
Amounts falling due within one year 161,606 208,253
NET CURRENT ASSETS 77,785 11,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,317

156,008

PROVISIONS FOR LIABILITIES 25,620 26,760
NET ASSETS 175,697 129,248

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 173,697 127,248
SHAREHOLDERS' FUNDS 175,697 129,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

E.L. ROBINSON (LINCS) LIMITED (REGISTERED NUMBER: 01061135)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2024 and were signed on its behalf by:





E L Robinson - Director


E.L. ROBINSON (LINCS) LIMITED (REGISTERED NUMBER: 01061135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

E.L. Robinson (Lincs) 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Tractors - 25% on reducing balance
Office equipment - 15% on reducing balance

No depreciation is provided on the two farm bungalows as it is the company's policy to maintain the properties by a programme of repair and refurbishment such as that the residual value of the properties is at least equal to the book value. Having regard to this, in the opinion of the directors, any depreciation would not be material.

Inventories
Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2022 - 4 ) .

E.L. ROBINSON (LINCS) LIMITED (REGISTERED NUMBER: 01061135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2023
and 31 December 2023 470,540
DEPRECIATION
At 1 January 2023 326,359
Charge for year 20,649
At 31 December 2023 347,008
NET BOOK VALUE
At 31 December 2023 123,532
At 31 December 2022 144,181

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Aggregate amount - 25,142

The above debts are secured by legal charges over the company's property and fixed and floating charges over the company's assets.

6. TRANSITION TO FRS 102 1A

This is the first year in which the financial statements have been prepared under FRS 102 1A. The comparatives, originally prepared under FRS 105, have been restated, resulting in the introduction of deferred tax.
The effect of this is to increase the loss for the financial year ended 31 December 2022 from £17,956 to £44,716, the movement being the deferred tax charge for the year £26,760, and to reduce the net assets as at 31 December 2022 from £156,008 to £129,248.