Lincon Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 5342337

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		275,165		53,105

			275,165		53,105
CURRENT ASSETS
Stocks	5	380,000		482,000
Debtors	6	-		47,912
Cash at bank and in hand		134,683		163,328

		514,683		693,240
Creditors: Amounts Falling Due Within One Year	7	(23,070 )		(36,978 )

NET CURRENT ASSETS (LIABILITIES)			491,613		656,262

TOTAL ASSETS LESS CURRENT LIABILITIES			766,778		709,367

Creditors: Amounts Falling Due After More Than One Year	8		(122,285 )		(25,000 )

NET ASSETS			644,493		684,367

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			644,393		684,267

SHAREHOLDERS' FUNDS			644,493		684,367

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Lincon Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paull Snowden

Director

01/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lincon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5342337 . The registered office is Mulberry House, Ingham Road, Stow, Lincoln , LN1 2DG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 February 2024	35,000	98,489	71,945	1,435
Additions	261,390	-	-	-
Disposals	(35,000 )	-	-	-

As at 31 January 2025	261,390	98,489	71,945	1,435

...CONTINUED

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Lincon Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	-	85,705	67,583	476
Provided during the period	-	3,196	1,091	359

As at 31 January 2025	-	88,901	68,674	835

Net Book Value
As at 31 January 2025	261,390	9,588	3,271	600

As at 1 February 2024	35,000	12,784	4,362	959


	Computer Equipment	Total
	£	£
Cost
As at 1 February 2024	275	207,144
Additions	514	261,904
Disposals	-	(35,000 )

As at 31 January 2025	789	434,048

Depreciation
As at 1 February 2024	275	154,039
Provided during the period	198	4,844

As at 31 January 2025	473	158,883

Net Book Value
As at 31 January 2025	316	275,165

As at 1 February 2024	-	53,105

5. Stocks

	2025	2024
	£	£
Stock	380,000	482,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	45,975
VAT	-	1,937

	-	47,912

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,227	23,095
Other taxes and social security	2,010	12,683
VAT	10,633	-
Accruals and deferred income	1,200	1,200

	23,070	36,978

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Lincon Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	14,485	25,000
Directors loan account	107,800	-

	122,285	25,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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