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REGISTERED NUMBER: 10278013 (England and Wales)
















Ling Engineering Limited

Unaudited Financial Statements

for the Year Ended 31st July 2024






Ling Engineering Limited (Registered number: 10278013)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ling Engineering Limited

Company Information
for the Year Ended 31st July 2024







Director: Mr. G Ling





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 10278013 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Ling Engineering Limited (Registered number: 10278013)

Statement of Financial Position
31st July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,289 4,384
Investments 5 11,304 10,705
14,593 15,089

Current assets
Debtors 6 34,309 14,179
Cash at bank 99,134 109,342
133,443 123,521
Creditors
Amounts falling due within one year 7 38,922 39,639
Net current assets 94,521 83,882
Total assets less current liabilities 109,114 98,971

Provisions for liabilities 822 1,096
Net assets 108,292 97,875

Capital and reserves
Called up share capital 130 130
Retained earnings 108,162 97,745
Shareholders' funds 108,292 97,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ling Engineering Limited (Registered number: 10278013)

Statement of Financial Position - continued
31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th November 2024 and were signed by:





Mr. G Ling - Director


Ling Engineering Limited (Registered number: 10278013)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. Statutory information

Ling Engineering 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Ling Engineering Limited (Registered number: 10278013)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. Tangible fixed assets
Equipment
£   
Cost
At 1st August 2023
and 31st July 2024 15,285
Depreciation
At 1st August 2023 10,901
Charge for year 1,095
At 31st July 2024 11,996
Net book value
At 31st July 2024 3,289
At 31st July 2023 4,384

5. Fixed asset investments
Investment
£   
Cost or valuation
At 1st August 2023 10,705
Revaluations 599
At 31st July 2024 11,304
Net book value
At 31st July 2024 11,304
At 31st July 2023 10,705

Cost or valuation at 31st July 2024 is represented by:

Investment
£   
Valuation in 2024 599
Cost 10,705
11,304

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 9,000
Other debtors 34,309 5,179
34,309 14,179

Ling Engineering Limited (Registered number: 10278013)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 9,616 2,895
Taxation and social security 22,412 33,471
Other creditors 6,894 3,273
38,922 39,639

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

2024 2023
£    £   
Mr. G Ling
Balance outstanding at start of year - -
Amounts advanced 21,855 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,855 -