1 May 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP068081242023-05-012024-04-30068081242024-04-30068081242023-04-3006808124core:WithinOneYear2024-04-3006808124core:WithinOneYear2023-04-3006808124core:AfterOneYear2024-04-3006808124core:AfterOneYear2023-04-3006808124core:ShareCapital2024-04-3006808124core:ShareCapital2023-04-3006808124core:RetainedEarningsAccumulatedLosses2024-04-3006808124core:RetainedEarningsAccumulatedLosses2023-04-3006808124bus:Director12023-05-012024-04-3006808124bus:Director22023-05-012024-04-3006808124bus:RegisteredOffice2023-05-012024-04-3006808124core:OfficeEquipment2023-05-012024-04-3006808124core:FurnitureFittings2023-05-012024-04-3006808124core:MotorVehicles2023-05-012024-04-30068081242022-05-012023-04-3006808124core:PlantMachinery2023-05-0106808124core:PlantMachinery2023-05-012024-04-3006808124core:PlantMachinery2024-04-3006808124core:PlantMachinery2023-04-3006808124core:CostValuation2023-05-0106808124core:DisposalsRepaymentsInvestments2024-04-3006808124core:BetweenOneFiveYears2024-04-3006808124core:BetweenOneFiveYears2023-04-3006808124core:MoreThanFiveYears2024-04-3006808124core:MoreThanFiveYears2023-04-3006808124countries:EnglandWales2023-05-012024-04-3006808124bus:AuditExemptWithAccountantsReport2023-05-012024-04-3006808124bus:PrivateLimitedCompanyLtd2023-05-012024-04-3006808124bus:SmallEntities2023-05-012024-04-3006808124bus:FullAccounts2023-05-012024-04-30
Company registration number:
06808124
Linten Technologies Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Linten Technologies Ltd
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5
33,375
 
47,456
 
Investments 6 -  
562,515
 
33,375
 
609,971
 
Current assets    
Stocks
8,000
 
11,636
 
Debtors 7
624,832
 
64,968
 
Cash at bank and in hand
42,358
 
81,058
 
675,190
 
157,662
 
Creditors: amounts falling due within one year 8
(357,466
)
(320,542
)
Net current assets/(liabilities)
317,724
 
(162,880
)
Total assets less current liabilities 351,099   447,091  
Creditors: amounts falling due after more than one year 9
(101,545
)
(152,897
)
Provisions for liabilities -  
(2,792
)
Net assets
249,554
 
291,402
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
249,454
 
291,302
 
Shareholders funds
249,554
 
291,402
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
Mr Steven Allan
Mr Daniel Burford
DirectorDirector
Company registration number:
06808124
Linten Technologies Ltd
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
481 Chester Road
,
Old Trafford
,
Manchester
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the customer receives them. For services, revenue is recognised as services are made available to the customer.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Fixtures and fittings
25% reducing balance
Motor vehicles
In line with term of the lease

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
18
(2023:
10
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2023
69,727
 
Additions
2,870
 
At
30 April 2024
72,597
 
Depreciation  
At
1 May 2023
22,271
 
Charge
16,951
 
At
30 April 2024
39,222
 
Carrying amount  
At
30 April 2024
33,375
 
At 30 April 2023
47,456
 
The net book value of motor vehicles held under finance lease as at 30 April 2024 was £23,481 (Prior year £36,288).

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 May 2023
562,515
 
Disposals
(562,515
)
At
30 April 2024
-  
Impairment  
At
1 May 2023
and
30 April 2024
-  
Carrying amount  
At
30 April 2024
-  
At 30 April 2023
562,515
 

7 Debtors

20242023
££
Trade debtors
13,248
 
42,584
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
586,831
 
346
 
Other debtors
24,753
 
22,038
 
624,832
 
64,968
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
39,392
 
39,139
 
Trade creditors
100,232
 
45,390
 
Taxation and social security
89,787
 
73,313
 
Other creditors
128,055
 
162,700
 
357,466
 
320,542
 
HSBC PLC holds a fixed and floating charge over all assets, property and undertakings of the company. This charge contains a negative pledge and was delivered on 3 July 2018.

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
91,580
 
130,973
 
Other creditors
9,965
 
21,924
 
101,545
 
152,897
 

10 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
55,400
 
53,800
 
Later than 1 year and not later than 5 years
192,000
 
202,400
 
Later than 5 years
626,250
 
671,250
 
873,650
 
927,450
 

11 Directors' advances, credit and guarantees

The directors have all given personal guarantees to HSBC PLC to the sum of £130,000 each in respect of the financing arrangements with the bank.