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REGISTERED NUMBER: SC274258 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

LINEN 1906 LTD.

LINEN 1906 LTD. (REGISTERED NUMBER: SC274258)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINEN 1906 LTD.

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C Capaldi
Mrs A Capaldi





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC274258 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

LINEN 1906 LTD. (REGISTERED NUMBER: SC274258)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,668 50,350

CURRENT ASSETS
Stocks 12,460 10,335
Debtors 5 19,950 15,606
Cash at bank and in hand 65,318 41,762
97,728 67,703
CREDITORS
Amounts falling due within one year 6 101,577 66,963
NET CURRENT (LIABILITIES)/ASSETS (3,849 ) 740
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,819

51,090

CREDITORS
Amounts falling due after more than one
year

7

33,358

39,264
NET ASSETS 9,461 11,826

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9,457 11,822
SHAREHOLDERS' FUNDS 9,461 11,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LINEN 1906 LTD. (REGISTERED NUMBER: SC274258)

Balance Sheet - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





C Capaldi - Director


LINEN 1906 LTD. (REGISTERED NUMBER: SC274258)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Linen 1906 Ltd. 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.

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 - 12.5% on a reducing balance
Fixtures and fittings - 12.5% on a reducing balance
Motor vehicles - 25% on a reducing balance basis

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.

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.

LINEN 1906 LTD. (REGISTERED NUMBER: SC274258)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 11,085 76,480 82,949 1,600 172,114
Additions - 1,411 - - 1,411
At 30 June 2024 11,085 77,891 82,949 1,600 173,525
DEPRECIATION
At 1 July 2023 - 57,131 63,102 1,531 121,764
Charge for year - 2,595 2,481 17 5,093
At 30 June 2024 - 59,726 65,583 1,548 126,857
NET BOOK VALUE
At 30 June 2024 11,085 18,165 17,366 52 46,668
At 30 June 2023 11,085 19,349 19,847 69 50,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 19,950 15,606

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,368 5,368
Trade creditors 13,112 5,362
Taxation and social security 81,097 54,233
Other creditors 2,000 2,000
101,577 66,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 33,358 39,264