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REGISTERED NUMBER: SC142805 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LINN-TECH SCOTLAND LIMITED

LINN-TECH SCOTLAND LIMITED (REGISTERED NUMBER: SC142805)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LINN-TECH SCOTLAND LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: T F O'Neill
J Burns
A G Robertson
M Stewart





SECRETARY: T F O'Neill





REGISTERED OFFICE: Linn House
9 Drovers Road
East Mains Inductrial Estate
Broxburn
West Lothian
EH52 5ND





REGISTERED NUMBER: SC142805 (Scotland)





ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ

LINN-TECH SCOTLAND LIMITED (REGISTERED NUMBER: SC142805)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 117,578 160,230

CURRENT ASSETS
Stocks 30,512 99,096
Debtors 5 1,388,114 2,311,634
Cash at bank 698,220 565,848
2,116,846 2,976,578
CREDITORS
Amounts falling due within one year 6 1,654,419 2,063,774
NET CURRENT ASSETS 462,427 912,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,005

1,073,034

CREDITORS
Amounts falling due after more than one year 7 (45,751 ) (101,088 )

PROVISIONS FOR LIABILITIES (25,789 ) (35,787 )
NET ASSETS 508,465 936,159

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 507,465 935,159
SHAREHOLDERS' FUNDS 508,465 936,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 June 2025 and were signed on its behalf by:




T F O'Neill - Director


LINN-TECH SCOTLAND LIMITED (REGISTERED NUMBER: SC142805)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Linn-Tech Scotland Limited is a private company, limited by shares , registered in Scotland. 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 represents the amount of contract revenue recognised as revenue in the period. Revenue is recognised when the outcome of a contract can be measured reliably by reference to the percentage completion of the contract. If the outcome cannot be measured reliably, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.

When it is probable that a loss will occur on a contract, this is recognised in full immediately as an onerous contract provision.

Tangible fixed assets
Depreciation is calculated to write down the cost of all tangible fixed assets by equal instalments over their expected useful lives. The rates applicable are :-

Plant and machinery 12.5%, 20% and 25%

Stock and work in progress
Costs associated with long term contracts are included in work in progress to the extent that they cannot be matched with contract work recognised as revenue. Long term contracts balances included in work in progress are stated at cost, after provision has been made for any foreseeable losses.

Stocks are stated at the lower of cost and net realisable value.

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.

LINN-TECH SCOTLAND LIMITED (REGISTERED NUMBER: SC142805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. These assets are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

The rentals on operating leases are charged to the profit and loss account on a straight line basis over the lease terms.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The amount charged to profit and loss account in respect of pension costs is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 693,016
DEPRECIATION
At 1 October 2023 532,786
Charge for year 42,652
At 30 September 2024 575,438
NET BOOK VALUE
At 30 September 2024 117,578
At 30 September 2023 160,230


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts recoverable on contracts 1,122,296 1,845,103
Other debtors 82,291 153,476
1,204,587 1,998,579

Amounts falling due after more than one year:
Amounts recoverable on contracts 183,527 313,055

Aggregate amounts 1,388,114 2,311,634

LINN-TECH SCOTLAND LIMITED (REGISTERED NUMBER: SC142805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,000 48,000
Hire purchase contracts (see note 8) 9,334 36,100
Trade creditors 720,293 1,050,683
Amounts owed to group undertakings 127,960 16,760
Taxation and social security 105,579 94,527
Other creditors 643,253 817,704
1,654,419 2,063,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,000 80,000
Hire purchase contracts (see note 8) 13,751 21,088
45,751 101,088

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,334 36,100
Between one and five years 13,751 21,088
23,085 57,188

Non-cancellable operating leases
2024 2023
£    £   
Within one year 54,000 54,000
Between one and five years 216,000 -
270,000 54,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 80,000 128,000

Bank loans are secured by a bond and floating charge over the assets of the company and an unlimited cross corporate guarantee by the company and its parent company L T Aluminium Group Ltd.

10. OTHER FINANCIAL COMMITMENTS

A cross company guarantee in favour of the Bank of Scotland exists between the company and its parent company L T Aluminium Group Ltd.