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REGISTERED NUMBER: 07656114 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Linshell Distribution Limited

Linshell Distribution Limited (Registered number: 07656114)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Linshell Distribution Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mrs. L Gee





REGISTERED OFFICE: 34-35 Clarges Street
Mayfair
London
W1J 7EJ





REGISTERED NUMBER: 07656114 (England and Wales)





ACCOUNTANTS: Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ

Linshell Distribution Limited (Registered number: 07656114)

Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 4 6,130 37,466
Cash at bank and in hand 12,740 10,095
18,870 47,561
CREDITORS
Amounts falling due within one year 5 239,223 216,560
NET CURRENT LIABILITIES (220,353 ) (168,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES (220,353 ) (168,999 )

CREDITORS
Amounts falling due after more than one year 6 36,256 37,752
NET LIABILITIES (256,609 ) (206,751 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (256,709 ) (206,851 )
SHAREHOLDERS' FUNDS (256,609 ) (206,751 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th September 2024 and were signed by:





Mrs. L Gee - Director


Linshell Distribution Limited (Registered number: 07656114)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Linshell Distribution 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.

These financial statements have been prepared on the going concern basis. The company is reliant upon the continuing financial support of its directors. If this support was withdrawn the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further liabilities which may arise. The company is unable to quantify the effects of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover, which represents the sale of hair accessory products, is recognised when goods are despatched to the customers.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Linshell Distribution Limited (Registered number: 07656114)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 3,421 34,757
Amounts owed by group undertakings 1,800 1,800
Other debtors 909 909
6,130 37,466

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts (see note 7) 29,612 21,422
Trade creditors 14,550 23,213
Amounts owed to group undertakings 19,383 21,767
Taxation and social security 1,063 1,052
Other creditors 174,615 149,106
239,223 216,560

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Other creditors 36,256 37,752

7. LOANS

An analysis of the maturity of loans is given below:

31/12/23 31/12/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 29,612 21,422

Amounts falling due between one and two years:
Other loans - 1-2 years 4,569 4,569

Amounts falling due between two and five years:
Other loans - 2-5 years 31,687 33,183

In May 2020 the company obtained a Bounce Back loan for £45,000. The loan is repayable over 5 years, starting in June 2021. Interest is at a rate of 2.5%.