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Company Registration No. 05347221 (England and Wales)
Lineal Software Solutions Limited Unaudited accounts for the year ended 31 March 2024
Lineal Software Solutions Limited Unaudited accounts Contents
Page
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Lineal Software Solutions Limited Company Information for the year ended 31 March 2024
Directors
M Matthews M Norris D Matthews
Company Number
05347221 (England and Wales)
Registered Office
Commercial House The Strand Barnstaple Devon EX31 1EU England
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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Lineal Software Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,927 
84,446 
Current assets
Inventories
11,527 
18,535 
Debtors
331,687 
202,312 
Cash at bank and in hand
953,763 
830,502 
1,296,977 
1,051,349 
Creditors: amounts falling due within one year
(238,564)
(250,133)
Net current assets
1,058,413 
801,216 
Net assets
1,132,340 
885,662 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
1,132,300 
885,622 
Shareholders' funds
1,132,340 
885,662 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
M Matthews Director Company Registration No. 05347221
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Lineal Software Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lineal Software Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05347221. The registered office is Commercial House, The Strand, Barnstaple, Devon, EX31 1EU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
14,228 
168,901 
183,129 
Additions
- 
14,126 
14,126 
At 31 March 2024
14,228 
183,027 
197,255 
Depreciation
At 1 April 2023
6,225 
92,458 
98,683 
Charge for the year
2,001 
22,644 
24,645 
At 31 March 2024
8,226 
115,102 
123,328 
Net book value
At 31 March 2024
6,002 
67,925 
73,927 
At 31 March 2023
8,003 
76,443 
84,446 
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Lineal Software Solutions Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
158,064 
196,013 
Other debtors
173,623 
6,299 
331,687 
202,312 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
72,512 
55,519 
Trade creditors
163,498 
180,046 
Loans from directors
1,149 
13,368 
Accruals
1,405 
1,200 
238,564 
250,133 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
40 Ordinary shares of £1 each
40 
40 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
D Matthews
Directors Loan
- 
165,724 
- 
165,724 
- 
165,724 
- 
165,724 
During the year the company advanced to its directors amounts totalling £165,724. Interest was paid at the official rate on this loan.
9
Average number of employees
During the year the average number of employees was 27 (2023: 27).
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