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Company registration number: 05339637
Linton Ag-Industrial Limited
Unaudited filleted abridged financial statements
30 April 2024
Linton Ag-Industrial Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Notes to the financial statements
Linton Ag-Industrial Limited
Directors and other information
Directors N J Johnston
Company number 05339637
Registered office Ashcroft Cameron, Unit 6, The Mead Business Centre
Mead Lane
Hertford
Herts
SG13 7BJ
Accountant GDP Accountants Ltd
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
Bankers Ulster Bank
18 Bow Street
Lisburn
Co Antrim
BT28 1BN
Linton Ag-Industrial Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Linton Ag-Industrial Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Linton Ag-Industrial Limited for the year ended 30 April 2024 as set out on pages 5 to 12 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Linton Ag-Industrial Limited, as a body, in accordance with the terms of my engagement letter dated 7 February 2024. My work has been undertaken solely to prepare for your approval the financial statements of Linton Ag-Industrial Limited and state those matters that we have agreed to state to the board of directors of Linton Ag-Industrial Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Linton Ag-Industrial Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Linton Ag-Industrial Limited 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 profit of Linton Ag-Industrial Limited. You consider that Linton Ag-Industrial Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Linton Ag-Industrial Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GDP Accountants Ltd
Chartered Certified Accountants
122A Moore Street
Aughnacloy
Co Tyrone
BT69 6AA
3 October 2024
Linton Ag-Industrial Limited
Abridged statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 149,168 165,193
________ ________
149,168 165,193
Current assets
Stocks 5,000 5,000
Debtors 274,620 287,664
Cash at bank and in hand 420 628
________ ________
280,040 293,292
Creditors: amounts falling due
within one year 7 ( 255,461) ( 226,543)
________ ________
Net current assets 24,579 66,749
________ ________
Total assets less current liabilities 173,747 231,942
Creditors: amounts falling due
after more than one year ( 55,524) ( 88,535)
Provisions for liabilities ( 19,219) ( 22,264)
Accruals and deferred income ( 38,028) ( 39,029)
________ ________
Net assets 60,976 82,114
________ ________
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,876 82,014
________ ________
Shareholders funds 60,976 82,114
________ ________
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 03 October 2024 , and are signed on behalf of the board by:
N J Johnston
Director
Company registration number: 05339637
Linton Ag-Industrial Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Ashcroft Cameron, Unit 6, The Mead Business Centre, Mead Lane, Hertford, Herts, SG13 7BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 10 % reducing balance
Fixtures and fittings - 20 % straight line
Motor vehicles - 20 % straight line
Office equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
£
Cost
At 1 May 2023 and 30 April 2024 60,000
________
Amortisation
At 1 May 2023 and 30 April 2024 60,000
________
Carrying amount
At 30 April 2024 -
________
At 30 April 2023 -
________
6. Tangible assets
£
Cost
At 1 May 2023 410,093
Additions 658
________
At 30 April 2024 410,751
________
Depreciation
At 1 May 2023 244,900
Charge for the year 16,683
________
At 30 April 2024 261,583
________
Carrying amount
At 30 April 2024 149,168
________
At 30 April 2023 165,193
________
7. Creditors: amounts falling due within one year
The bank loan of £54,000 (2023: £78,000) is guaranteed by the UK government under the Coronavirus Business Interruption Loan Scheme. Obligations under hire purchase contracts of £12,312 (2023: £21, 323) are secured on the assets for which the finance was originally obtained.