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REGISTERED NUMBER: 05325950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LINRAY LIMITED

LINRAY LIMITED (REGISTERED NUMBER: 05325950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LINRAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Grosskopf
Mrs E Grosskopf
I Grosskopf





REGISTERED OFFICE: 26 Rostrevor Avenue
South Tottenham
London
N15 6LP





REGISTERED NUMBER: 05325950 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LINRAY LIMITED (REGISTERED NUMBER: 05325950)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 232,067 245,895
Tangible assets 5 997,921 1,069,072
1,229,988 1,314,967

CURRENT ASSETS
Debtors 6 793,960 602,164
Investments 7 80,000 80,000
Cash at bank and in hand 249,650 150,991
1,123,610 833,155
CREDITORS
Amounts falling due within one year 8 (1,238,269 ) (1,021,385 )
NET CURRENT LIABILITIES (114,659 ) (188,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,115,329

1,126,737

CREDITORS
Amounts falling due after more than one
year

9

(378,376

)

(468,656

)
NET ASSETS 736,953 658,081

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 736,951 658,079
SHAREHOLDERS' FUNDS 736,953 658,081

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

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

LINRAY LIMITED (REGISTERED NUMBER: 05325950)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 10 March 2025 and were signed on its behalf by:




Mrs E Grosskopf - Director



P Grosskopf - Director


LINRAY LIMITED (REGISTERED NUMBER: 05325950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Linray 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.

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


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 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 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.

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.

LINRAY LIMITED (REGISTERED NUMBER: 05325950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 293,550
AMORTISATION
At 1 April 2023 47,655
Charge for year 13,828
At 31 March 2024 61,483
NET BOOK VALUE
At 31 March 2024 232,067
At 31 March 2023 245,895

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,903,141 23,824 96,544 2,023,509
Additions 603,298 - 1,034 604,332
Disposals (639,143 ) - - (639,143 )
At 31 March 2024 1,867,296 23,824 97,578 1,988,698
DEPRECIATION
At 1 April 2023 842,772 17,807 93,858 954,437
Charge for year 249,551 902 1,238 251,691
Eliminated on disposal (215,351 ) - - (215,351 )
At 31 March 2024 876,972 18,709 95,096 990,777
NET BOOK VALUE
At 31 March 2024 990,324 5,115 2,482 997,921
At 31 March 2023 1,060,369 6,017 2,686 1,069,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 367,790 182,453
Other debtors 426,170 419,711
793,960 602,164

LINRAY LIMITED (REGISTERED NUMBER: 05325950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 80,000 80,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 258,086 258,086
Trade creditors 85,341 122,459
Amounts owed to group undertakings 323,720 120,000
Taxation and social security 130,826 105,981
Other creditors 440,296 414,859
1,238,269 1,021,385

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,347 30,478
Hire purchase contracts 365,029 438,178
378,376 468,656

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2023 658,079
Profit for the year 228,872
Dividends (150,000 )
At 31 March 2024 736,951