Registered number
06143397
Linnell Management Services Ltd
Filleted Accounts
31 March 2024
Linnell Management Services Ltd
Registered number: 06143397
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,802 3,019
Current assets
Debtors 4 26,112 26,112
Cash at bank and in hand 271 1,399
26,383 27,511
Creditors: amounts falling due within one year 5 (4,205) (4,501)
Net current assets 22,178 23,010
Net assets 23,980 26,029
Capital and reserves
Called up share capital 2 2
Profit and loss account 23,978 26,027
Shareholders' funds 23,980 26,029
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Linnell
Director
Approved by the board on 15 October 2024
Linnell Management Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts,rebates, value added taxes and other sales taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% on reducing balance
Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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 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
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 12,630
At 31 March 2024 12,630
Depreciation
At 1 April 2023 9,611
Charge for the year 1,217
At 31 March 2024 10,828
Net book value
At 31 March 2024 1,802
At 31 March 2023 3,019
4 Debtors 2024 2023
£ £
Prepayments 22,090 22,090
Other debtors 4,022 4,022
26,112 26,112
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director loan account 4,205 4,101
Other creditors - 400
4,205 4,501
6 Related party transactions
At the year end the company owed the director £4,205 (2023 - £4,101).There are no fixed repayment terms and no interest is being charged.
7 Other information
Linnell Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Wall Road
Norwich
Norfolk
NR3 4HJ
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