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REGISTERED NUMBER: 07993313 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD

Company Information
for the year ended 31 August 2024







Directors: Mrs S L Forshaw
Mr N J Forshaw





Registered office: 2 Glebe Rise
Burgh Le Marsh
Skegness
Lincolnshire
PE24 5BL





Registered number: 07993313 (England and Wales)





Accountants: Haines Watts
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 11,705 15,612

Current assets
Debtors 5 6,522 4,707
Cash at bank and in hand 5,072 5,361
11,594 10,068
Creditors
Amounts falling due within one year 6 85,555 91,132
Net current liabilities (73,961 ) (81,064 )
Total assets less current liabilities (62,256 ) (65,452 )

Creditors
Amounts falling due after more than one year 7 5,364 10,756
Net liabilities (67,620 ) (76,208 )

Capital and reserves
Called up share capital 8 2 2
Retained earnings 9 (67,622 ) (76,210 )
Shareholders' funds (67,620 ) (76,208 )

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Statement of Financial Position - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2025 and were signed on its behalf by:





Mrs S L Forshaw - Director


LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Lincolnshire Coastal Removals & Storage 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.

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


2. Accounting policies

Basis of preparing the financial statements
At the year end the Company has net current liabilities totalling £73,961 (2023 - £81,064). The directors feel it is correct for these accounts to be prepared on a going concern basis and will continue to support the business as the largest creditor is to a related party.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

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 2 (2023 - 3 ) .

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 September 2023
and 31 August 2024 85,704 10,573 732 97,009
Depreciation
At 1 September 2023 72,029 9,317 51 81,397
Charge for year 3,419 305 183 3,907
At 31 August 2024 75,448 9,622 234 85,304
Net book value
At 31 August 2024 10,256 951 498 11,705
At 31 August 2023 13,675 1,256 681 15,612

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,620 591
Directors' current accounts 4,718 3,940
Prepayments 184 176
6,522 4,707

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 8,694 11,837
Hire purchase contracts - 5,573
Trade creditors 2,628 2,200
Amounts owed to participating interests 66,800 67,271
Social security and other taxes 419 -
VAT 3,399 2,451
Other creditors 3,615 1,800
85,555 91,132

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other loans - 1-2 years 5,364 10,500
Hire purchase contracts - 256
5,364 10,756

LINCOLNSHIRE COASTAL REMOVALS & STORAGE
LTD (REGISTERED NUMBER: 07993313)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

9. Reserves
Retained
earnings
£

At 1 September 2023 (76,210 )
Profit for the year 8,588
At 31 August 2024 (67,622 )

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
Mr N J Forshaw and Mrs S L Forshaw
Balance outstanding at start of year (3,940 ) 19
Amounts advanced 4,984 9,985
Amounts repaid (5,762 ) (13,944 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,718 ) (3,940 )