Company Registration No. 13117714 (England and Wales)
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Unaudited accounts
for the year ended 31 January 2025
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Unaudited accounts
Contents
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Company Information
for the year ended 31 January 2025
Directors
Christopher Margrett
Michelle Margrett
Company Number
13117714 (England and Wales)
Registered Office
112-113 HIGH STREET
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Statement of financial position
as at 31 January 2025
Tangible assets
13,028
16,306
Inventories
259,777
198,606
Cash at bank and in hand
189,147
239,841
Creditors: amounts falling due within one year
(71,433)
(133,340)
Net current assets
377,491
305,107
Total assets less current liabilities
390,519
321,413
Provisions for liabilities
Net assets
390,519
317,778
Called up share capital
100
100
Capital contribution reserve
27,000
27,000
Profit and loss account
363,419
290,678
Shareholders' funds
390,519
317,778
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Christopher Margrett
Director
Company Registration No. 13117714
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Notes to the Accounts
for the year ended 31 January 2025
LINCOLNSHIRE ENTERPRISE DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 13117714. The registered office is 112-113 HIGH STREET, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Notes to the Accounts
for the year ended 31 January 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
5,608
20,220
3,788
1,765
31,381
At 31 January 2025
5,608
20,220
3,788
1,765
31,381
At 1 February 2024
2,736
9,867
1,849
623
15,075
Charge for the year
574
2,070
406
228
3,278
At 31 January 2025
3,310
11,937
2,255
851
18,353
At 31 January 2025
2,298
8,283
1,533
914
13,028
At 31 January 2024
2,872
10,353
1,939
1,142
16,306
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
21,765
64,775
Loans from directors
17
105
6
Deferred taxation
2025
2024
Accelerated capital allowances
-
3,635
Provision at start of year
3,635
3,716
Credited to the profit and loss account
(3,635)
(81)
Provision at end of year
-
3,635
The deferred taxation reserve was created due accelerated capital allowances.
This reserve has now been reversed in the current period of some (£3,635)
LINCOLNSHIRE ENTERPRISE DIRECT LTD
Notes to the Accounts
for the year ended 31 January 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).