LINCOLN DISTRIBUTION LIMITED

Company Registration Number:
05292400 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

LINCOLN DISTRIBUTION LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

LINCOLN DISTRIBUTION LIMITED

Balance sheet

As at 30 November 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,587,656 1,325,543
Investments: 4 258,710 258,710
Total fixed assets: 1,846,366 1,584,253
Current assets
Stocks: 8,755 5,620
Debtors:   538,635 414,920
Cash at bank and in hand: 1,680,761 1,672,241
Total current assets: 2,228,151 2,092,781
Creditors: amounts falling due within one year: 5 (305,763) (221,484)
Net current assets (liabilities): 1,922,388 1,871,297
Total assets less current liabilities: 3,768,754 3,455,550
Provision for liabilities: (52,250) (52,250)
Total net assets (liabilities): 3,716,504 3,403,300
Capital and reserves
Called up share capital: 130 130
Profit and loss account: 3,716,374 3,403,170
Shareholders funds: 3,716,504 3,403,300

The notes form part of these financial statements

LINCOLN DISTRIBUTION LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2025
and signed on behalf of the board by:

Name: Mr P I Stokes
Status: Director

The notes form part of these financial statements

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Freehold property - 4% reducing balance Plant and machinery - 25% reducing balance Motor vehicles - 25% reducing balance Fixtures and fittings - 25% reducing balance Office equipment - 25% reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Other accounting policies

Associates and joint ventures Investments in Associates, Joint Ventures and Partnerships are held at cost less impairment. Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Current and deferred taxation The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 13 15

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 1,593,918
Additions 398,286
Disposals (169,149)
At 30 November 2024 1,823,055
Depreciation
At 01 December 2023 268,375
Charge for year 49,064
On disposals (82,040)
At 30 November 2024 235,399
Net book value
At 30 November 2024 1,587,656
At 30 November 2023 1,325,543

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Fixed investments

Fixed asset investments Investment in joint ventures £ Cost or valuation At 1 December 2023 258,710 At 30 November 2024 258,710 The company entered into a partnership agreement with Mr John Humphreys and the name of the partnership is Lincoln Distribution Limited and John Humphreys. The company has a 50% holding in the partnership which was formed to acquire and develop a specific parcel of land.

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year 2024 2023 £ £ Trade creditors 70,841 59,439 Corporation tax 60,420 118,000 Other taxation and social security 71,969 41,194 Other creditors 893 1,211 Accruals and deferred income 1,640 1,640 Total 305,763 221,484

LINCOLN DISTRIBUTION LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Related party transactions

Name of the related party: Mr A P Stokes
Relationship:
Director
Description of the Transaction: Included in other creditors is an amount of £273 (2023 - £524) due to Mr A P Stokes
£
Balance at 01 December 2023 524
Balance at 30 November 2024 273
Name of the related party: Mr P I Stokes
Relationship:
Director
Description of the Transaction: Included in other creditors is an amount of £382 (2023 - £461) due to Mr P I Stokes, who is a director.
£
Balance at 01 December 2023 461
Balance at 30 November 2024 283