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REGISTERED NUMBER: 14086975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Lincs Mobile Auto Services Ltd

Lincs Mobile Auto Services Ltd (Registered number: 14086975)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lincs Mobile Auto Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs K P Worts
J M Worts





SECRETARY:





REGISTERED OFFICE: 12 Apeldoorn Gardens
Spalding
Lincolnshire
PE11 1JT





REGISTERED NUMBER: 14086975 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Lincs Mobile Auto Services Ltd (Registered number: 14086975)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,170 29,779

CURRENT ASSETS
Debtors 5 1,218 -
Cash at bank 4,528 9,861
5,746 9,861
CREDITORS
Amounts falling due within one year 6 10,290 17,073
NET CURRENT LIABILITIES (4,544 ) (7,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,626

22,567

CREDITORS
Amounts falling due after more than
one year

7

9,902

16,068
NET ASSETS 7,724 6,499

Lincs Mobile Auto Services Ltd (Registered number: 14086975)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,723 6,498
7,724 6,499

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

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 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.

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 14 April 2025 and were signed on its behalf by:





J M Worts - Director


Lincs Mobile Auto Services Ltd (Registered number: 14086975)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Lincs Mobile Auto Services Ltd 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 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Lincs Mobile Auto Services Ltd (Registered number: 14086975)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 6,267 24,420 989 31,676
DEPRECIATION
At 1 June 2023 1,567 - 330 1,897
Charge for year 1,175 6,105 329 7,609
At 31 May 2024 2,742 6,105 659 9,506
NET BOOK VALUE
At 31 May 2024 3,525 18,315 330 22,170
At 31 May 2023 4,700 24,420 659 29,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,218 -

Lincs Mobile Auto Services Ltd (Registered number: 14086975)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 579 1,000
Hire purchase contracts 6,033 6,033
Trade creditors 814 862
Other creditors 1,239 683
Directors' current accounts 665 6,695
Accruals and deferred income 960 1,800
10,290 17,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 567 1,000
Bank loans - 2-5 years 1,700 3,000
Bank loans more 5 yr by instal 1,601 -
Hire purchase contracts 6,034 12,068
9,902 16,068

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,601 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 4,435 5,000
Hire purchase contracts 12,067 18,101
16,502 23,101