Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 19 September 2024 1 January 2023 31 December 2023 31 December 2023 05684296 Mr Jack Mumford Mr Glyn Hathorn Mr Richard Beattie Mr Tristan Bruce Mr James Bruce Mr Roy Deacon Mr Roderick Ware Mr Kevin Glass Mr Vincent Woodcock Mr Jim Bruce Medway Education Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05684296 2022-12-31 05684296 2023-12-31 05684296 2023-01-01 2023-12-31 05684296 frs-core:CurrentFinancialInstruments 2023-12-31 05684296 frs-core:Non-currentFinancialInstruments 2023-12-31 05684296 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05684296 frs-core:LandBuildings 2023-12-31 05684296 frs-core:LandBuildings 2023-01-01 2023-12-31 05684296 frs-core:LandBuildings 2022-12-31 05684296 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05684296 frs-core:MotorVehicles 2023-01-01 2023-12-31 05684296 frs-core:PlantMachinery 2023-12-31 05684296 frs-core:PlantMachinery 2023-01-01 2023-12-31 05684296 frs-core:PlantMachinery 2022-12-31 05684296 frs-core:OtherReservesSubtotal 2023-12-31 05684296 frs-core:ShareCapital 2023-12-31 05684296 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05684296 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05684296 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05684296 frs-bus:SmallEntities 2023-01-01 2023-12-31 05684296 frs-bus:Audited 2023-01-01 2023-12-31 05684296 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05684296 1 2023-01-01 2023-12-31 05684296 frs-bus:Director1 2023-01-01 2023-12-31 05684296 frs-bus:Director2 2023-01-01 2023-12-31 05684296 frs-bus:Director3 2023-01-01 2023-12-31 05684296 frs-bus:Director4 2023-01-01 2023-12-31 05684296 frs-bus:Director5 2023-01-01 2023-12-31 05684296 frs-bus:Director6 2023-01-01 2023-12-31 05684296 frs-bus:Director7 2023-01-01 2023-12-31 05684296 frs-bus:Director8 2023-01-01 2023-12-31 05684296 frs-bus:Director9 2023-01-01 2023-12-31 05684296 frs-bus:Director10 2023-01-01 2023-12-31 05684296 frs-countries:EnglandWales 2023-01-01 2023-12-31 05684296 2021-12-31 05684296 2022-12-31 05684296 2022-01-01 2022-12-31 05684296 frs-core:CurrentFinancialInstruments 2022-12-31 05684296 frs-core:Non-currentFinancialInstruments 2022-12-31 05684296 frs-core:OtherReservesSubtotal 2022-12-31 05684296 frs-core:ShareCapital 2022-12-31 05684296 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05684296
Linton Projects Ltd
Financial Statements
For The Year Ended 31 December 2023
mca Banbury Ltd
4 - 6 The Wharf Centre
Wharf Street
Warwick
Warwickshire
CV34 5LB
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05684296
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 636,934 516,000
636,934 516,000
CURRENT ASSETS
Stocks 5 326,740 260,880
Debtors 6 130,151 172,239
Cash at bank and in hand 121,516 134,222
578,407 567,341
Creditors: Amounts Falling Due Within One Year 7 (833,070 ) (634,019 )
NET CURRENT ASSETS (LIABILITIES) (254,663 ) (66,678 )
TOTAL ASSETS LESS CURRENT LIABILITIES 382,271 449,322
Creditors: Amounts Falling Due After More Than One Year 8 (118,000 ) (150,962 )
NET ASSETS 264,271 298,360
CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 92,500 92,500
Profit and Loss Account 171,769 205,858
SHAREHOLDERS' FUNDS 264,271 298,360
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vincent Woodcock
Director
19/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Linton Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05684296 . The registered office is 1 Mantle Close, Off Bingham Road, Sittingbourne, Kent, ME10 3BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Linton Projects Ltd is a member of a public benefit group.
These financial statements are prepared in Sterling, which is the functional currency of the company. All the monetary amounts are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of
the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables; are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received monetary amounts are rounded to the nearest £.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: NIL)
9 -
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 527,997 263,145 791,142
Additions 162,991 66,411 229,402
Disposals (410 ) - (410 )
As at 31 December 2023 690,578 329,556 1,020,134
Depreciation
As at 1 January 2023 155,607 119,535 275,142
Provided during the period 66,995 41,063 108,058
As at 31 December 2023 222,602 160,598 383,200
Net Book Value
As at 31 December 2023 467,976 168,958 636,934
As at 1 January 2023 372,390 143,610 516,000
5. Stocks
2023 2022
£ £
Stock 326,740 260,880
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 122,321 129,365
Other debtors 7,830 42,874
130,151 172,239
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 4,941
Trade creditors 227,730 191,306
Bank loans and overdrafts 2,500 10,000
Other loans 496,629 354,500
Other creditors 94,170 73,272
Taxation and social security 12,041 -
833,070 634,019
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 13,795
Bank loans - 24,167
Other loans 118,000 113,000
118,000 150,962
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
The company has taken advantage of the exemption available under FRS 102 section 33 'Related Party Disclosures' not to disclose details of its transactions with related parties. The exemption is available as the transactions are with other members of the group.
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The company's ultimate controlling party is Medway Education Trust a charity registered in England with charity number 1066592, and address 1 Mantle Close, Off Bingham Road, Sittingbourne, England, ME10 3BW
13. Audit Information
The auditors report on the account of Linton Projects Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury Ltd , Statutory Auditor
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