Lingall Brothers Limited - Filleted accounts

Registered number

00831279

Lingall Brothers Limited

Filleted Accounts

31 December 2024

Lingall Brothers Limited
Registered number:		00831279
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		22,067			22,067
Investments	4		16,583			16,583
			38,650			38,650

Current assets
Debtors	5	557			552
Cash at bank and in hand		94			93
		651			645

Creditors: amounts falling due within one year	6	(1,020)			(1,021)

Net current liabilities			(369)			(376)

Net assets			38,281			38,274

Capital and reserves
Called up share capital			450			450
Capital redemption reserve			450			450
Profit and loss account			37,381			37,374

Shareholders' funds			38,281			38,274

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Keith Robert Wolfe
Director
Approved by the board on 30 September 2025

Lingall Brothers Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	22,066		15,050		37,116
	At 31 December 2024	22,066		15,050		37,116

	Depreciation
	At 1 January 2024	-		15,049		15,049
	At 31 December 2024	-		15,049		15,049

	Net book value
	At 31 December 2024	22,066		1		22,067
	At 31 December 2023	22,066		1		22,067


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024					16,583

	At 31 December 2024					16,583


5	Debtors			2024		2023
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			557		552


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Other creditors			1,020		1,021


7	Related party transactions
				2021		2020
	Gravesend Engineering Co Ltd (Subsidiary Company)
	Amount due from the related party			557		552

8	Other information

	Lingall Brothers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	8-12
	East Crescent Road
	Gravesend
	Kent
	DA12 2AR