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Registration number: 11318201

The Linear Group Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2024

 

The Linear Group Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

The Linear Group Limited

Company Information

Directors

Mr Sean William Lawless

Mr Jason Scott Monger

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

The Linear Group Limited

(Registration number: 11318201)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

fixed assets

 

tangible assets

3

78,438

80,181

Current assets

 

Debtors

1,107

1,089

Cash at bank and in hand

 

1,626

689

 

2,733

1,778

Creditors: Amounts falling due within one year

(29,204)

(27,965)

Net current liabilities

 

(26,471)

(26,187)

Total assets less current liabilities

 

51,967

53,994

Creditors: Amounts falling due after more than one year

(29,379)

(35,907)

Net assets

 

22,588

18,087

capital and reserves

 

Called up share capital

2

2

Profit and loss account

22,586

18,085

Total equity

 

22,588

18,087

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

 

The Linear Group Limited

(Registration number: 11318201)
Abridged Balance Sheet as at 30 April 2024

.........................................
Mr Jason Scott Monger
Director

   
     
 

The Linear Group Limited

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

1

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 abridged 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).

Basis of preparation

These abridged 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.

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.

Tax

The tax expense for the period comprises current 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 balance sheet 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.

 

The Linear Group Limited

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

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:

Asset class

Depreciation method and rate

Investment property

2% straight line

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

87,154

87,154

At 30 April 2024

87,154

87,154

Depreciation

At 1 May 2023

6,973

6,973

Charge for the year

1,743

1,743

At 30 April 2024

8,716

8,716

Carrying amount

At 30 April 2024

78,438

78,438

At 30 April 2023

80,181

80,181

Included within the net book value of land and buildings above is £78,438 (2023 - £80,181) in respect of freehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

 

The Linear Group Limited

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

 

2024

2023

 

No.

£

No.

£

Ordinary share capital class 1 of £1 each

2

2

2

2