LINBY VANS LTD - Accounts

LINBY VANS LTD
Contents Page
For the year ended 31 July 2025

Statement of financial position	1
Notes to the financial statements	2

LINBY VANS LTD
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	14,919	16,561
		14,919	16,561
Current assets
Stocks		285,000	233,600
Cash at bank and in hand		10,966	5,888
		295,966	239,488
Creditors: amount falling due within one year		(92,044)	(36,884)
Net current assets		203,922	202,604

Total assets less current liabilities		218,841	219,165
Creditors: amount falling due after more than one year		(183,915)	(205,659)
Net assets		34,926	13,506

Capital and reserves
Called up share capital		1	1
Profit and loss account		34,925	13,505
Shareholders' funds		34,926	13,506

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 30 September 2025 and were signed on its behalf by:

-------------------------------
Keron BERTRAM
Director

1

LINBY VANS LTD
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

LINBY VANS LTD is a private company, limited by shares, registered in England and Wales, registration number 11534314, registration address LINBY VANS LTD COMMON LANE, WATNALL , NOTTINGHAM, NG16 1HD.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	18% Reducing Balance
Fixtures and Fittings	6% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 August 2024	10,000	12,150	22,150
Additions	-	-	-
Disposals	-	-	-
At 31 July 2025	10,000	12,150	22,150
Depreciation
At 01 August 2024	4,596	993	5,589
Charge for year	973	669	1,642
On disposals	-	-	-
At 31 July 2025	5,569	1,662	7,231
Net book values
Closing balance as at 31 July 2025	4,431	10,488	14,919
Opening balance as at 01 August 2024	5,404	11,157	16,561

2

Registered Number: 11534314
England and Wales
LINBY VANS LTD

Abridged Accounts

Period of accounts Start date: 01 August 2024 End date: 31 July 2025