0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,226 4,226 3,756 173 3,929 470 xbrli:pure xbrli:shares iso4217:GBP 06190751 2023-04-01 2024-07-31 06190751 2024-07-31 06190751 2023-03-31 06190751 2022-04-01 2023-03-31 06190751 2023-03-31 06190751 2022-03-31 06190751 bus:RegisteredOffice 2023-04-01 2024-07-31 06190751 bus:OrdinaryShareClass1 2023-04-01 2024-07-31 06190751 bus:LeadAgentIfApplicable 2023-04-01 2024-07-31 06190751 bus:Director1 2023-04-01 2024-07-31 06190751 bus:CompanySecretary1 2023-04-01 2024-07-31 06190751 core:WithinOneYear 2023-03-31 06190751 core:ShareCapital 2024-07-31 06190751 core:ShareCapital 2023-03-31 06190751 core:RetainedEarningsAccumulatedLosses 2024-07-31 06190751 core:RetainedEarningsAccumulatedLosses 2023-03-31 06190751 bus:Director1 2023-03-31 06190751 bus:Director1 2022-03-31 06190751 bus:Director1 2023-03-31 06190751 bus:Director1 2022-04-01 2023-03-31 06190751 bus:SmallEntities 2023-04-01 2024-07-31 06190751 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-07-31 06190751 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-07-31 06190751 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-07-31 06190751 bus:FullAccounts 2023-04-01 2024-07-31 06190751 bus:OrdinaryShareClass1 2024-07-31 06190751 bus:OrdinaryShareClass1 2023-03-31 06190751 core:OfficeEquipment 2023-04-01 2024-07-31 06190751 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 06190751
David Linton Ltd
Filleted Unaudited Financial Statements
31 July 2024
David Linton Ltd
Financial Statements
Period from 1 April 2023 to 31 July 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
David Linton Ltd
Officers and Professional Advisers
Director
Mr D Linton
Company secretary
Mrs C Linton
Registered office
First Floor
2 City Road
Chester
Cheshire
CH1 3AE
Accountants
AGP
Chartered Accountants
First Floor
2 City Road
Chester
Cheshire
CH1 3AE
David Linton Ltd
Statement of Financial Position
31 July 2024
31 Jul 24
31 Mar 23
Note
£
£
£
Fixed assets
Tangible assets
4
470
Current assets
Cash at bank and in hand
8,442
22,885
Creditors: amounts falling due within one year
5
28
-------
--------
Net current assets
8,442
22,857
-------
--------
Total assets less current liabilities
8,442
23,327
-------
--------
Capital and reserves
Called up share capital
6
2
2
Profit and loss account
8,440
23,325
-------
--------
Shareholders funds
8,442
23,327
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 September 2024 , and are signed on behalf of the board by:
Mr D Linton
Director
Company registration number: 06190751
David Linton Ltd
Notes to the Financial Statements
Period from 1 April 2023 to 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 2 City Road, Chester, Cheshire, CH1 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair financial value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2023
4,226
4,226
Disposals
( 4,226)
( 4,226)
-------
-------
At 31 July 2024
-------
-------
Depreciation
At 1 April 2023
3,756
3,756
Charge for the period
173
173
Disposals
( 3,929)
( 3,929)
-------
-------
At 31 July 2024
-------
-------
Carrying amount
At 31 July 2024
-------
-------
At 31 March 2023
470
470
-------
-------
5. Creditors: amounts falling due within one year
31 Jul 24
31 Mar 23
£
£
Director loan accounts
28
----
----
6. Called up share capital
Authorised share capital
31 Jul 24
31 Mar 23
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Issued, called up and fully paid
31 Jul 24
31 Mar 23
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
7. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Jul 24
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Linton
( 28)
68
( 40)
----
----
----
----
31 Mar 23
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Linton
( 629)
1,063
( 462)
( 28)
----
-------
----
----
8. Related party transactions
The company was under the control of the Director. No transactions are required to be disclosed.