Company registration number 12484353 (England and Wales)
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
COMPANY INFORMATION
Directors
Mr S Holmes
Mr S Paterson
Company number
12484353
Registered office
Bowdon House
2 Scott Drive
Altrincham
Cheshire
United Kingdom
WA15 8AB
Auditor
Azets Audit Services
Titanium 1
Kings Inch Place
Renfrew
United Kingdom
PA4 8WF
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
5
7,026,931
2,862,514
Creditors: amounts falling due within one year
6
(7,227,720)
(5,313,594)
Net current liabilities
(200,789)
(2,451,080)
Creditors: amounts falling due after more than one year
7
(2,417,772)
-
0
Net liabilities
(2,618,561)
(2,451,080)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(2,618,661)
(2,451,180)
Total equity
(2,618,561)
(2,451,080)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 June 2025 and are signed on its behalf by:
Mr S Paterson
Director
Company Registration No. 12484353
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2022
100
(2,798,585)
(2,798,485)
Year ended 30 September 2023:
Profit and total comprehensive income for the year
-
347,405
347,405
Balance at 30 September 2023
100
(2,451,180)
(2,451,080)
Year ended 30 September 2024:
Loss and total comprehensive income for the year
-
(167,481)
(167,481)
Balance at 30 September 2024
100
(2,618,661)
(2,618,561)
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Linear Design & Construct (Manchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bowdon House, 2 Scott Drive, Altrincham, Cheshire, United Kingdom, WA15 8AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Linear UK Group Limited. These consolidated financial statements are available from its registered office, 7 Maxim Office Park, Parklands Avenue, Eurocentral, Motherwell, ML1 4WQ.

LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.2
Going concern

The directortrues are required to prepare the statutory financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. In satisfaction of this responsibility the directors have considered the company's ability to meet its liabilities as they fall due.

 

The company meets its day to day working capital requirements through existing bank facilities and related party funding. Management information tools including budgets and cash flow forecasts are used to monitor and manage current and future liquidity.

 

The current and future financial position of the company, its cash flows and liquidity position have been reviewed by the directors. The directors have prepared detailed financial projections for a period extending to at least 12 months from the date of approval of these financial statements. At the period end, the company had net liabilities of £2,618,561. Despite having net liabilities, the company has obtained assurances that its related party undertakings will continue to provide such financial support as necessary to meet its long term objectives. This includes ensuring the company has sufficient headroom to meet any additional cash requirements that would be contingent on a downturn in activity. The directors have satisfied themselves as to the validity of these assurances and that its related party undertakings have the means and authority to provide such funding as and when it is required.

 

As such, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

1.3
Turnover

Turnover represents the value of work done during the period ascertained by reference to contract measurement, excluding value added tax.

 

On the balance sheet a contract represents an asset where the gross value of work done exceeds payments to account on that contract. These are disclosed within debtors and amounts recoverable on contracts.

 

Retentions and payments on account receivable are included in amounts recoverable on contracts.

 

Payments on account received in excess of the value of work done are included in creditors.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Long term contracts

Profit recognition on long term contracts is based on management's best estimate of the stage of completion of each contract. This is based on the best available information along with their experience of similar contracts. If applicable the level of loss recognised is based on forecasts, which can be determined with reasonable certainty.

LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
15
4
Directors' remuneration
2024
2023
£
£
Remuneration paid to directors
-
0
73,862
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,032
273,534
Gross amounts owed by contract customers
1,411,677
2,437,025
Other debtors
6,729
100
1,437,438
2,710,659
2024
2023
Amounts falling due after more than one year:
£
£
Gross amounts owed by contract customers
-
0
151,855
Amounts owed by related parties
5,589,493
-
0
5,589,493
151,855
Total debtors
7,026,931
2,862,514
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,695,047
2,628,954
Trade creditors
766,821
32,011
Amounts owed to group undertakings
251,457
1,518,857
Corporation tax
-
0
16,978
Other taxation and social security
306
127,686
Other creditors
2,514,089
989,108
7,227,720
5,313,594

The Royal Bank of Scotland plc hold standard security including a bond and floating charge over the assets of the company.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
2,358,677
-
0
Other creditors
59,095
-
0
2,417,772
-
0

Amounts owed to group undertakings are amounts owed to fellow subsidiary Linear Design & Construct Limited in relation to a loan. The loan is due for repayment by 31 December 2025 and earns interest at 4.5%.

 

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary Shares of £1 each
75
75
75
75
B Ordinary Shares of £1 each
25
25
25
25
100
100
100
100
LINEAR DESIGN & CONSTRUCT (MANCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 9 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Jennifer Alexander
Statutory Auditor:
Azets Audit Services
10
Financial commitments, guarantees and contingent liabilities

The company has provided an intercompany guarantee to Royal Bank of Scotland for the borrowings of Linear UK Group Limited and its subsidiaries.

11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Purchases
2024
2023
2024
2023
£
£
£
£
Other related parties
4,158,630
321,582
-
709,572

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Other related parties
2,926,296
-
12
Controlling party

The immediate controlling party is Linear UK Group Limited, a company registered in Scotland.

 

The ultimate controlling party is Mr S Holmes by virtue of his majority shareholding in Linear UK Group Limited.

2024-09-302023-10-01falsefalsefalse24 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr S HolmesMr S Paterson124843532023-10-012024-09-3012484353bus:Director12023-10-012024-09-3012484353bus:Director22023-10-012024-09-3012484353bus:RegisteredOffice2023-10-012024-09-30124843532024-09-30124843532023-09-3012484353core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3012484353core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3012484353core:Non-currentFinancialInstrumentscore:AfterOneYear2024-09-3012484353core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3012484353core:CurrentFinancialInstruments2024-09-3012484353core:CurrentFinancialInstruments2023-09-3012484353core:Non-currentFinancialInstruments2024-09-3012484353core:Non-currentFinancialInstruments2023-09-3012484353core:ShareCapital2024-09-3012484353core:ShareCapital2023-09-3012484353core:RetainedEarningsAccumulatedLosses2024-09-3012484353core:RetainedEarningsAccumulatedLosses2023-09-3012484353core:ShareCapital2022-09-3012484353core:RetainedEarningsAccumulatedLosses2022-09-3012484353core:ShareCapitalOrdinaryShareClass12024-09-3012484353core:ShareCapitalOrdinaryShareClass12023-09-3012484353core:ShareCapitalOrdinaryShareClass22024-09-3012484353core:ShareCapitalOrdinaryShareClass22023-09-3012484353core:ShareCapitalOrdinaryShares2024-09-3012484353core:ShareCapitalOrdinaryShares2023-09-3012484353core:RetainedEarningsAccumulatedLosses2022-10-012023-09-30124843532022-10-012023-09-3012484353core:RetainedEarningsAccumulatedLosses2023-10-012024-09-3012484353bus:OrdinaryShareClass12023-10-012024-09-3012484353bus:OrdinaryShareClass22023-10-012024-09-3012484353bus:OrdinaryShareClass12024-09-3012484353bus:OrdinaryShareClass12023-09-3012484353bus:OrdinaryShareClass22024-09-3012484353bus:OrdinaryShareClass22023-09-3012484353bus:AllOrdinaryShares2024-09-3012484353bus:AllOrdinaryShares2023-09-3012484353core:OtherRelatedPartiescore:SaleOrPurchaseGoods2023-10-012024-09-3012484353core:OtherRelatedPartiescore:SaleOrPurchaseGoods2022-10-012023-09-3012484353bus:PrivateLimitedCompanyLtd2023-10-012024-09-3012484353bus:FRS1022023-10-012024-09-3012484353bus:Audited2023-10-012024-09-3012484353bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012484353bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP