IRIS Accounts Production v24.2.0.383 10641502 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106415022022-12-31106415022023-12-31106415022023-01-012023-12-31106415022021-12-31106415022022-01-012022-12-31106415022022-12-3110641502ns15:EnglandWales2023-01-012023-12-3110641502ns14:PoundSterling2023-01-012023-12-3110641502ns10:Director12023-01-012023-12-3110641502ns10:Director22023-01-012023-12-3110641502ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110641502ns10:SmallEntities2023-01-012023-12-3110641502ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110641502ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110641502ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110641502ns10:AbridgedAccounts2023-01-012023-12-311064150212023-01-012023-12-3110641502ns10:Director32023-01-012023-12-3110641502ns10:Director42023-01-012023-12-3110641502ns10:Director52023-01-012023-12-3110641502ns10:Director62023-01-012023-12-3110641502ns10:Director72023-01-012023-12-3110641502ns10:RegisteredOffice2023-01-012023-12-3110641502ns5:CurrentFinancialInstruments2023-12-3110641502ns5:CurrentFinancialInstruments2022-12-3110641502ns5:Non-currentFinancialInstruments2023-12-3110641502ns5:Non-currentFinancialInstruments2022-12-3110641502ns5:ShareCapital2023-12-3110641502ns5:ShareCapital2022-12-3110641502ns5:RetainedEarningsAccumulatedLosses2023-12-3110641502ns5:RetainedEarningsAccumulatedLosses2022-12-3110641502ns5:NetGoodwill2023-01-012023-12-3110641502ns5:FurnitureFittings2023-01-012023-12-31
REGISTERED NUMBER: 10641502 (England and Wales)












DEXTER & SHARPE (LINCOLN) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DEXTER & SHARPE (LINCOLN) LIMITED (REGISTERED NUMBER: 10641502)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DEXTER & SHARPE (LINCOLN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs N M Lenton
R A Clawson
J J Holland
D Johnson
D W Nicholson
T J Russell
C R Tyte





REGISTERED OFFICE: Rollestone House
Bridge Street
Horncastle
Lincolnshire
LN9 5HZ





REGISTERED NUMBER: 10641502 (England and Wales)






DEXTER & SHARPE (LINCOLN) LIMITED (REGISTERED NUMBER: 10641502)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 97,659 105,099
Tangible assets 4 4,933 5,747
102,592 110,846

CURRENT ASSETS
Stocks & work in progress 57,211 53,645
Debtors 126,646 127,680
Cash in hand 306 359
184,163 181,684
CREDITORS
Amounts falling due within one year 90,495 87,564
NET CURRENT ASSETS 93,668 94,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,260

204,966

CREDITORS
Amounts falling due after more than one
year

(176,829

)

(163,838

)

PROVISIONS FOR LIABILITIES (937 ) (1,092 )
NET ASSETS 18,494 40,036

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,394 39,936
SHAREHOLDERS' FUNDS 18,494 40,036

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.

DEXTER & SHARPE (LINCOLN) LIMITED (REGISTERED NUMBER: 10641502)

ABRIDGED BALANCE SHEET - 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 Balance Sheet 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 18 September 2024 and were signed on its behalf by:




Mrs N M Lenton - Director



J J Holland - Director


DEXTER & SHARPE (LINCOLN) LIMITED (REGISTERED NUMBER: 10641502)

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


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks & work in progress to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

DEXTER & SHARPE (LINCOLN) LIMITED (REGISTERED NUMBER: 10641502)

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


3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 148,499
AMORTISATION
At 1 January 2023 43,400
Amortisation for year 7,440
At 31 December 2023 50,840
NET BOOK VALUE

At 31 December 2023 97,659
At 31 December 2022 105,099

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 13,373
DEPRECIATION
At 1 January 2023 7,626
Charge for year 814
At 31 December 2023 8,440
NET BOOK VALUE
At 31 December 2023 4,933
At 31 December 2022 5,747