2023-06-01 04430693 2024-05-31 04430693 2023-06-01 2024-05-31 04430693 2023-05-31 04430693 2022-06-01 2023-05-31 04430693 uk-core:WithinOneYear 2023-05-31 04430693 uk-core:WithinOneYear 2024-05-31 04430693 uk-core:ShareCapital 2024-05-31 04430693 uk-core:ShareCapital 2023-05-31 04430693 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 04430693 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 04430693 uk-bus:Director1 2023-06-01 2024-05-31 04430693 uk-core:PlantMachinery 2023-06-01 2024-05-31 04430693 uk-core:ComputerEquipment 2023-06-01 2024-05-31 04430693 uk-core:CommercialMotorVehicles 2023-06-01 2024-05-31 04430693 uk-core:FurnitureFittings 2023-06-01 2024-05-31 04430693 uk-core:ComputerEquipment 2023-05-31 04430693 uk-core:FurnitureFittings 2023-05-31 04430693 uk-core:PlantMachinery 2023-05-31 04430693 uk-core:PlantMachinery 2024-05-31 04430693 uk-core:FurnitureFittings 2024-05-31 04430693 uk-core:ComputerEquipment 2024-05-31 04430693 uk-core:WithinOneYear 2024-05-31 04430693 uk-core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure 04430693 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04430693 uk-bus:FRS102 2023-06-01 2024-05-31 04430693 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 04430693 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Lindon Limited
Registered Number:04430693
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Lindon Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04430693
As at 31 May 2024
Lindon Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
71
95
2
71
95
Current assets
Inventories
2,000
2,000
3
Trade and other receivables
3,891
5,787
4
500
Cash and cash equivalents
500
8,287
6,391
Trade and other payables: amounts falling due within one
year
(6,375)
(8,967)
5
16
(680)
Net current liabilities
Total assets less current liabilities
(609)
111
(14)
(18)
Provisions for liabilities
(623)
Net assets/liabilities
93
Capital and reserves
Called up share capital
2
2
Retained earnings
(625)
91
(623)
93
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R J Bayliss Director
These financial statements were approved and authorised for issue by the Board on 24 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
Lindon Limited
Notes to the Financial Statements
Statutory Information
Lindon Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04430693.
Registered address:
Old Unit 2 Providence Street
Lye
Stourbridge
England
DY9 8HN
The presentation currency is £ sterling.
This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts
in these financial statements have been rounded to the nearest pound unless otherwise stated.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Even though the company had net liabilities at the balance sheet date, the directors have given assurances to
financially support the company for the forseeable future.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs and purchases, costs of conversion and other costs incurred in bringing stock to its present location and condition.Cost is calculated using the first in first out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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.
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5
For the year ended 31 May 2024
Lindon Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 June 2023
1,163
691
84
388
At 31 May 2024
388
84
691
1,163
Provision for depreciation and impairment
At 01 June 2023
1,068
600
84
384
Charge for year
24
23
-
1
At 31 May 2024
1,092
623
84
385
At 31 May 2024
Net book value
3
-
68
71
At 31 May 2023
4
-
91
95
3. Inventories
2023
2024
£
£
Stocks
2,000
2,000
4. Trade and other receivables
2023
2024
£
£
Other debtors
5,787
3,891
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,564
127
Trade creditors
818
222
Taxation and social security
736
961
Other creditors
4,849
5,065
8,967
6,375
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6
For the year ended 31 May 2024
Lindon Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 31 May 2024 the directors owed the company £3,583 (2023 - £1,727). This amount is included in other debtors.
Interest was charged on this loan at the official rate of 2.25% (2023 - 2.25%).
7. Average number of persons employed
During the year the average number of employees was 0
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