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REGISTERED NUMBER: 05053473 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

LINEAR STORAGE SOLUTIONS LIMITED

LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINEAR STORAGE SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: N Robinson





SECRETARY: Mrs T A Robinson





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 05053473 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,331 73,418

CURRENT ASSETS
Debtors 5 272,190 236,720
Cash at bank 410,129 350,704
682,319 587,424
CREDITORS
Amounts falling due within one year 6 338,843 289,058
NET CURRENT ASSETS 343,476 298,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,807

371,784

CREDITORS
Amounts falling due after more than one
year

7

(8,997

)

(18,333

)

PROVISIONS FOR LIABILITIES (8,133 ) (13,355 )
NET ASSETS 377,677 340,096

CAPITAL AND RESERVES
Called up share capital 100 99
Retained earnings 377,577 339,997
SHAREHOLDERS' FUNDS 377,677 340,096

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

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

LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





N Robinson - Director


LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Linear Storage Solutions 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.

Turnover
Turnover represents the total of invoices rendered for sales and services during the year, and is net of value added tax.

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 - 25% on reducing balance
General equipment - 15% on reducing balance
Computer equipment - 33% on cost

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Employment benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions

LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and General Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 32,736 11,693 74,490 23,429 142,348
Additions - 2,557 - 8,224 10,781
Disposals - - (20,000 ) - (20,000 )
At 31 July 2024 32,736 14,250 54,490 31,653 133,129
DEPRECIATION
At 1 August 2023 18,551 9,227 18,623 22,529 68,930
Charge for year 3,546 753 10,217 3,352 17,868
Eliminated on disposal - - (5,000 ) - (5,000 )
At 31 July 2024 22,097 9,980 23,840 25,881 81,798
NET BOOK VALUE
At 31 July 2024 10,639 4,270 30,650 5,772 51,331
At 31 July 2023 14,185 2,466 55,867 900 73,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 233,273 209,500
Other debtors 38,917 27,220
272,190 236,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 14,866 -
Trade creditors 135,397 145,863
Taxation and social security 114,568 84,267
Other creditors 64,012 48,928
338,843 289,058

LINEAR STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 05053473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 8,997 18,333

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 16,891 -

Finance charges repayable:
Within one year 2,025 -

Net obligations repayable:
Within one year 14,866 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 5,894

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mr N Robinson and Mrs T Robinson.