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REGISTERED NUMBER: SC497285 (Scotland)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Linpetra Limited

Linpetra Limited (Registered number: SC497285)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linpetra Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr L Petrauskyte
M Siaulys





REGISTERED OFFICE: 40 Threave Terrac
Castle Douglas
Dumfries & Galloway
DG7 1DE





REGISTERED NUMBER: SC497285 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Linpetra Limited (Registered number: SC497285)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,400 121,750
Tangible assets 5 233,047 175,143
330,447 296,893

CURRENT ASSETS
Stocks 1,500 1,568
Debtors 6 69,394 31,654
Cash at bank and in hand 72,849 90,207
143,743 123,429
CREDITORS
Amounts falling due within one year 7 318,055 45,099
NET CURRENT (LIABILITIES)/ASSETS (174,312 ) 78,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,135

375,223

CREDITORS
Amounts falling due after more than one
year

8

(42,472

)

(270,042

)

PROVISIONS FOR LIABILITIES (29,499 ) (16,122 )
NET ASSETS 84,164 89,059

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 84,064 88,959
SHAREHOLDERS' FUNDS 84,164 89,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Linpetra Limited (Registered number: SC497285)

Balance Sheet - continued
29 February 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





Dr L Petrauskyte - Director


Linpetra Limited (Registered number: SC497285)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Linpetra Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 33% on cost
Computer equipment - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Linpetra Limited (Registered number: SC497285)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 243,500
AMORTISATION
At 1 March 2023 121,750
Charge for year 24,350
At 29 February 2024 146,100
NET BOOK VALUE
At 29 February 2024 97,400
At 28 February 2023 121,750

Linpetra Limited (Registered number: SC497285)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2023 107,044 2,907 129,953
Additions - - 37,852
Disposals - - -
At 29 February 2024 107,044 2,907 167,805
DEPRECIATION
At 1 March 2023 10,699 - 86,220
Charge for year 2,140 - 30,782
Eliminated on disposal - - -
At 29 February 2024 12,839 - 117,002
NET BOOK VALUE
At 29 February 2024 94,205 2,907 50,803
At 28 February 2023 96,345 2,907 43,733

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,059 32,537 32,149 306,649
Additions 5,102 93,779 1,947 138,680
Disposals - (32,537 ) - (32,537 )
At 29 February 2024 7,161 93,779 34,096 412,792
DEPRECIATION
At 1 March 2023 728 21,689 12,170 131,506
Charge for year 1,052 31,260 4,694 69,928
Eliminated on disposal - (21,689 ) - (21,689 )
At 29 February 2024 1,780 31,260 16,864 179,745
NET BOOK VALUE
At 29 February 2024 5,381 62,519 17,232 233,047
At 28 February 2023 1,331 10,848 19,979 175,143

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,634 5,264
Other debtors 60,760 26,390
69,394 31,654

Linpetra Limited (Registered number: SC497285)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 259,760 7,164
Hire purchase contracts 22,621 -
Trade creditors 3,263 6,981
Taxation and social security 30,754 30,702
Other creditors 1,657 252
318,055 45,099

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 270,042
Hire purchase contracts 42,472 -
42,472 270,042

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 184,073

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2023 88,959
Profit for the year 53,105
Dividends (58,000 )
At 29 February 2024 84,064

Linpetra Limited (Registered number: SC497285)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Dr L Petrauskyte and M Siaulys
Balance outstanding at start of year (184 ) (99,702 )
Amounts advanced 105,771 131,029
Amounts repaid (70,924 ) (31,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,663 (184 )