Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mrs R Hooper 12/04/2010 Mr R Hooper 03/12/2003 20 November 2024 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials 04251739 2024-02-29 04251739 bus:Director1 2024-02-29 04251739 bus:Director2 2024-02-29 04251739 2023-02-28 04251739 core:CurrentFinancialInstruments 2024-02-29 04251739 core:CurrentFinancialInstruments 2023-02-28 04251739 core:Non-currentFinancialInstruments 2024-02-29 04251739 core:Non-currentFinancialInstruments 2023-02-28 04251739 core:ShareCapital 2024-02-29 04251739 core:ShareCapital 2023-02-28 04251739 core:RetainedEarningsAccumulatedLosses 2024-02-29 04251739 core:RetainedEarningsAccumulatedLosses 2023-02-28 04251739 core:PlantMachinery 2023-02-28 04251739 core:Vehicles 2023-02-28 04251739 core:FurnitureFittings 2023-02-28 04251739 core:OfficeEquipment 2023-02-28 04251739 core:PlantMachinery 2024-02-29 04251739 core:Vehicles 2024-02-29 04251739 core:FurnitureFittings 2024-02-29 04251739 core:OfficeEquipment 2024-02-29 04251739 2023-03-01 2024-02-29 04251739 bus:FilletedAccounts 2023-03-01 2024-02-29 04251739 bus:SmallEntities 2023-03-01 2024-02-29 04251739 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04251739 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04251739 bus:Director1 2023-03-01 2024-02-29 04251739 bus:Director2 2023-03-01 2024-02-29 04251739 core:PlantMachinery 2023-03-01 2024-02-29 04251739 core:Vehicles 2023-03-01 2024-02-29 04251739 core:FurnitureFittings 2023-03-01 2024-02-29 04251739 core:OfficeEquipment 2023-03-01 2024-02-29 04251739 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 04251739 (England and Wales)

LINDEE LU LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

LINDEE LU LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

LINDEE LU LIMITED

BALANCE SHEET

As at 29 February 2024
LINDEE LU LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,045 22,104
18,045 22,104
Current assets
Stocks 7,000 2,500
Debtors 4 189,977 202,238
Cash at bank and in hand 25,425 69,046
222,402 273,784
Creditors: amounts falling due within one year 5 ( 426,674) ( 406,792)
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 ( 16,319) ( 26,296)
Net liabilities ( 202,546) ( 137,200)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 202,646 ) ( 137,300 )
Total shareholders' deficit ( 202,546) ( 137,200)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lindee Lu Limited (registered number: 04251739) were approved and authorised for issue by the Board of Directors on 20 November 2024. They were signed on its behalf by:

Mrs R Hooper
Director
LINDEE LU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
LINDEE LU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 March 2023 38,967 76,345 2,120 11,779 129,211
Additions 0 0 0 471 471
At 29 February 2024 38,967 76,345 2,120 12,250 129,682
Accumulated depreciation
At 01 March 2023 27,406 67,090 1,719 10,892 107,107
Charge for the financial year 1,734 2,314 60 422 4,530
At 29 February 2024 29,140 69,404 1,779 11,314 111,637
Net book value
At 29 February 2024 9,827 6,941 341 936 18,045
At 28 February 2023 11,561 9,255 401 887 22,104

4. Debtors

2024 2023
£ £
Trade debtors 11,488 63,468
Amounts owed by directors 121,690 93,697
Prepayments 169 0
Other debtors 56,630 45,073
189,977 202,238

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,393 10,137
Trade creditors 45,714 52,974
Taxation and social security 336,967 315,455
Other creditors 33,600 28,226
426,674 406,792

6. Related party transactions

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.