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REGISTERED NUMBER: 02350534 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LINTON D.M.C. LIMITED

LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LINTON D.M.C. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr K J Linton
Mr D C Linton





REGISTERED OFFICE: 22B Wilson Street
Bon Lea Industrial Estate
Thornaby
Stockton on Tees
TS17 7AR





REGISTERED NUMBER: 02350534 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,613 246,201
Investment property 5 308,202 296,792
548,815 542,993

CURRENT ASSETS
Stocks 158,291 215,303
Debtors 169,801 99,797
Cash at bank 771 94
328,863 315,194
CREDITORS
Amounts falling due within one year 323,292 275,372
NET CURRENT ASSETS 5,571 39,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,386

582,815

CREDITORS
Amounts falling due after more than one
year

(59,136

)

(82,852

)

PROVISIONS FOR LIABILITIES (42,378 ) (43,440 )
NET ASSETS 452,872 456,523

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserve 7 239,098 239,098
Retained earnings 213,770 217,421
SHAREHOLDERS' FUNDS 452,872 456,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


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 30 April 2024 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 7 August 2024 and were signed on its behalf by:





Mr K J Linton - Director


LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Linton D.M.C. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold land and buildings as the directors consider that the net book value is less than the open market value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
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 items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 311,947
Additions 832
Disposals (499 )
At 30 April 2024 312,280
DEPRECIATION
At 1 May 2023 65,746
Charge for year 6,210
Eliminated on disposal (289 )
At 30 April 2024 71,667
NET BOOK VALUE
At 30 April 2024 240,613
At 30 April 2023 246,201

The property was revalued during 2013 to £210,000 with an original cost of £76,305.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 296,792
Additions 11,410
At 30 April 2024 308,202
NET BOOK VALUE
At 30 April 2024 308,202
At 30 April 2023 296,792

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 44,653
Valuation in 2023 75,000
Cost 188,549
308,202

If the investment property had not been revalued it would have been included at the following historical cost:

30/4/24 30/4/23
£    £   
Cost 188,549 177,139

LINTON D.M.C. LIMITED (REGISTERED NUMBER: 02350534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank overdraft 43,105 -

The bank overdraft is secured by a legal charge over the freehold property at Wilson Street, Thornaby which is owned by the Company.

7. RESERVES
Other
reserve
£   
At 1 May 2023
and 30 April 2024 239,098

8. RELATED PARTY DISCLOSURES

Mr D C Linton is a director and owns the entire issued share capital of Bloq Architects Limited.

During the year Bloq Architects Limited charged the company management fees amounting to £42,608 (2023 - £29,971).

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and preceding year by Mr K J Linton and Mr D C Linton.