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REGISTERED NUMBER: 08289001 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Linestyle Limited

Linestyle Limited (Registered number: 08289001)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linestyle Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr G J Sadler





REGISTERED OFFICE: 4 Pelham Court
Pelham Road
Nottingham
Nottinghamshire
NG5 1AP





REGISTERED NUMBER: 08289001 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Linestyle Limited (Registered number: 08289001)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,915 14,993
Tangible assets 5 10,479 11,621
13,394 26,614

CURRENT ASSETS
Debtors 6 28,308 41,884
Cash at bank 117,997 199,075
146,305 240,959
CREDITORS
Amounts falling due within one year 7 38,134 84,979
NET CURRENT ASSETS 108,171 155,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,565

182,594

CREDITORS
Amounts falling due after more than one
year

8

(2,887

)

(8,861

)

PROVISIONS FOR LIABILITIES (2,003 ) (1,318 )
NET ASSETS 116,675 172,415

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 116,625 172,365
116,675 172,415

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 director acknowledges his 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.

Linestyle Limited (Registered number: 08289001)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2025 and were signed by:





Mr G J Sadler - Director


Linestyle Limited (Registered number: 08289001)

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

1. STATUTORY INFORMATION

Linestyle 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.

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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Linestyle Limited (Registered number: 08289001)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 36,602
AMORTISATION
At 1 September 2023 21,609
Amortisation for year 12,078
At 31 August 2024 33,687
NET BOOK VALUE
At 31 August 2024 2,915
At 31 August 2023 14,993

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 8,160 1,591 10,647 20,398
DEPRECIATION
At 1 September 2023 - 850 7,927 8,777
Charge for year - 245 897 1,142
At 31 August 2024 - 1,095 8,824 9,919
NET BOOK VALUE
At 31 August 2024 8,160 496 1,823 10,479
At 31 August 2023 8,160 741 2,720 11,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 28,308 41,884

Linestyle Limited (Registered number: 08289001)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Finance leases 5,974 5,974
Taxation and social security 12,196 58,866
Other creditors 19,964 20,139
38,134 84,979

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Finance leases 2,887 8,861

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £88,867 (2023 - £61,414) were paid to the director .