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REGISTERED NUMBER: 08303677 (England and Wales)














Lincs Waterservices Ltd

Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2024






Lincs Waterservices Ltd (Registered number: 08303677)

Contents of the Financial Statements
for the Period 1 December 2022 to 31 May 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Lincs Waterservices Ltd

Company Information
for the Period 1 December 2022 to 31 May 2024







Directors: Mr S A Hobbs
Mrs L Hobbs





Registered office: 29 Northons Lane
Holbeach
Spalding
Lincolnshire
PE12 7PZ





Registered number: 08303677 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lincs Waterservices Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lincs Waterservices Ltd for the period ended 31 May 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lincs Waterservices Ltd, as a body, in accordance with the terms of our engagement letter dated 16 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Lincs Waterservices Ltd and state those matters that we have agreed to state to the Board of Directors of Lincs Waterservices Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lincs Waterservices Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lincs Waterservices Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lincs Waterservices Ltd. You consider that Lincs Waterservices Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lincs Waterservices Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


26 November 2024

Lincs Waterservices Ltd (Registered number: 08303677)

Statement of Financial Position
31 May 2024

2024 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 - 24,969

Current assets
Debtors 6 9,658 81,260
Cash at bank and in hand 23,234 106,731
32,892 187,991
Creditors
Amounts falling due within one year 7 15,467 52,830
Net current assets 17,425 135,161
Total assets less current liabilities 17,425 160,130

Provisions for liabilities - 294
Net assets 17,425 159,836

Capital and reserves
Called up share capital 2 2
Retained earnings 17,423 159,834
Shareholders' funds 17,425 159,836

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Lincs Waterservices Ltd (Registered number: 08303677)

Statement of Financial Position - continued
31 May 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




Mr S A Hobbs - Director



Mrs L Hobbs - Director


Lincs Waterservices Ltd (Registered number: 08303677)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 May 2024


1. Statutory information

Lincs Waterservices Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Due to a change in the company's year end, the current financial statements cover a period of 18 months, whereas, the comparative figures cover a period of 12 months. Therefore the comparative figures may not be entirely comparable.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis
Motor vehicles - 25% on a straight line basis
Computer equipment - 20% on a straight line basis

Taxation
Taxation for the period 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 period 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.

Lincs Waterservices Ltd (Registered number: 08303677)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2024


3. Accounting policies - continued

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.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employees and directors

The average number of employees during the period was 3 (2022 - 3 ) .

Lincs Waterservices Ltd (Registered number: 08303677)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 December 2022 34,088 58,910 3,252 96,250
Disposals (34,088 ) (58,910 ) (3,252 ) (96,250 )
At 31 May 2024 - - - -
Depreciation
At 1 December 2022 33,328 35,865 2,088 71,281
Eliminated on disposal (33,328 ) (35,865 ) (2,088 ) (71,281 )
At 31 May 2024 - - - -
Net book value
At 31 May 2024 - - - -
At 30 November 2022 760 23,045 1,164 24,969

6. Debtors: amounts falling due within one year
2024 2022
£    £   
Trade debtors - 10,186
Other debtors 9,658 71,074
9,658 81,260

7. Creditors: amounts falling due within one year
2024 2022
£    £   
Trade creditors 383 32,164
Taxation and social security - 4,644
Other creditors 15,084 16,022
15,467 52,830

8. Directors' advances, credits and guarantees

Included in other creditors at 31st May 2024 is an amount of £8,720 owed to the directors in respect of their current account .

Included in other creditors at 30th November 2022 is an amount of £8,500 owed to the directors in respect of their current account .

Interest has been charged at a rate of between 2.25% & 2%.