Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
18,045 | 22,104 | |||
Current assets | ||||
Stocks |
|
|
||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
222,402 | 273,784 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current liabilities | (204,272) | (133,008) | ||
Total assets less current liabilities | (186,227) | (110,904) | ||
Creditors: amounts falling due after more than one year | (
|
(
|
||
Net liabilities | (
|
(
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account | (
|
(
|
||
Total shareholders' deficit | (
|
(
|
Directors' responsibilities:
The financial statements of Lindee Lu Limited (registered number:
Mrs R Hooper
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Lindee Lu Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is:
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset
TA1 2PX
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
As at 29 February 2024 the balance sheet shows net liabilities of £202,546 (2023: £137,200). The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Plant and machinery |
|
Vehicles |
|
Fixtures and fittings |
|
Office equipment |
|
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Plant and machinery | Vehicles | Fixtures and fittings | Office equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 01 March 2023 |
|
|
|
|
|
||||
Additions |
|
|
|
|
|
||||
At 29 February 2024 |
|
|
|
|
|
||||
Accumulated depreciation | |||||||||
At 01 March 2023 |
|
|
|
|
|
||||
Charge for the financial year |
|
|
|
|
|
||||
At 29 February 2024 |
|
|
|
|
|
||||
Net book value | |||||||||
At 29 February 2024 |
|
|
|
|
|
||||
At 28 February 2023 |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade debtors |
|
|
|
Amounts owed by directors |
|
|
|
Prepayments |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Bank loans |
|
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
Transactions with the entity's directors
2024 | 2023 | ||
£ | £ | ||
Balance brought forward | 93,697 | 55,327 | |
Advances including interest at HMRC official rate | 27,933 | 38,370 | |
Repayments | 0 | 0 | |
Balance carried forward | 121,690 | 93,697 |
Other related party transactions
2024 | 2023 | ||
£ | £ | ||
The Electric Gate Company Limited | (2,551) | (442) | |
Forgecraft Ltd | (13,700) | (13,700) |
The above balance is owed to/(from) a company in which the directors are also directors. The balance is interest free and repayable on demand.