IRIS Accounts Production v24.1.0.578 SC352483 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3524832023-02-28SC3524832024-02-29SC3524832023-03-012024-02-29SC3524832022-02-28SC3524832022-03-012023-02-28SC3524832023-02-28SC352483ns15:Scotland2023-03-012024-02-29SC352483ns14:PoundSterling2023-03-012024-02-29SC352483ns10:Director12023-03-012024-02-29SC352483ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC352483ns10:SmallEntities2023-03-012024-02-29SC352483ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC352483ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC352483ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC352483ns10:FullAccounts2023-03-012024-02-29SC352483ns10:Director22023-03-012024-02-29SC352483ns10:CompanySecretary12023-03-012024-02-29SC352483ns5:CurrentFinancialInstruments2023-02-28SC352483ns5:CurrentFinancialInstruments2024-02-29SC352483ns5:ShareCapital2023-02-28SC352483ns5:ShareCapital2024-02-29SC352483ns5:RetainedEarningsAccumulatedLosses2023-02-28SC352483ns5:RetainedEarningsAccumulatedLosses2024-02-29SC352483ns5:LandBuildings2023-02-28SC352483ns5:PlantMachinery2023-02-28SC352483ns5:LandBuildings2023-03-012024-02-29SC352483ns5:PlantMachinery2023-03-012024-02-29SC352483ns5:LandBuildings2024-02-29SC352483ns5:PlantMachinery2024-02-29SC352483ns5:LandBuildings2023-02-28SC352483ns5:PlantMachinery2023-02-28SC352483ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-29SC352483ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: SC352483 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Lin's Takeaway Limited

Lin's Takeaway Limited (Registered number: SC352483)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lin's Takeaway Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: Miss L Y Lin





SECRETARY:





REGISTERED OFFICE:





REGISTERED NUMBER: SC352483 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

Lin's Takeaway Limited (Registered number: SC352483)

Balance Sheet
29 February 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
111,218 Tangible assets 4 108,561

CURRENT ASSETS
- Debtors 5 393
49,775 Cash at bank and in hand 64,609
49,775 65,002
CREDITORS
117,695 Amounts falling due within one year 6 101,317
(67,920 ) NET CURRENT LIABILITIES (36,315 )

43,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,246

477 PROVISIONS FOR LIABILITIES 477
42,821 NET ASSETS 71,769

CAPITAL AND RESERVES
10 Called up share capital 10
42,811 Retained earnings 71,759
42,821 71,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lin's Takeaway Limited (Registered number: SC352483)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





Ms L Y Lin - Director


Lin's Takeaway Limited (Registered number: SC352483)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Lin's Takeaway Limited is a private company, limited by shares , registered in Scotland. 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.

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.

2% - Property

25% - Plant & Machinery

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Lin's Takeaway Limited (Registered number: SC352483)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
Totals Property etc
£    £    £   
COST
At 1 March 2023
and 29 February 2024 158,678 109,335 49,343
DEPRECIATION
At 1 March 2023 47,460 - 47,460
Charge for year 2,657 2,186 471
At 29 February 2024 50,117 2,186 47,931
NET BOOK VALUE
At 29 February 2024 108,561 107,149 1,412
At 28 February 2023 111,218 109,335 1,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 393 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,280 9,719
Taxation 15,149 16,165
Other creditors 76,888 91,811
101,317 117,695