REGISTERED NUMBER: 12546986 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Lincs Hire & Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss A Howe

Miss J Wootton

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

12546986 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

83,951

102,041

CURRENT ASSETS

Debtors

5

75,130

80,230

Cash at bank

25,083

52,257

100,213

132,487

CREDITORS

Amounts falling due within one year

6

100,527

97,551

NET CURRENT (LIABILITIES)/ASSETS

(314

)

34,936

TOTAL ASSETS LESS CURRENT LIABILITIES

83,637

136,977

CREDITORS

Amounts falling due after more than one year

7

(31,970

)

(57,915

)

PROVISIONS FOR LIABILITIES

(15,951

)

(19,388

)

NET ASSETS

35,716

59,674

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,616

59,574

35,716

59,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

Miss A Howe - Director

Miss J Wootton - Director

1.	STATUTORY INFORMATION

Lincs Hire & Sales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2024

141,045

591

141,636

Additions

2,898

-

2,898

At 30 April 2025

143,943

591

144,534

DEPRECIATION

At 1 May 2024

39,292

303

39,595

Charge for year

20,930

58

20,988

At 30 April 2025

60,222

361

60,583

NET BOOK VALUE

At 30 April 2025

83,721

230

83,951

At 30 April 2024

101,753

288

102,041

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2024

and 30 April 2025

141,045

DEPRECIATION

At 1 May 2024

39,292

Charge for year

20,350

At 30 April 2025

59,642

NET BOOK VALUE

At 30 April 2025

81,403

At 30 April 2024

101,753

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

75,130

80,230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

35,469

35,469

Trade creditors

46,913

32,115

Tax

7,401

9,094

Social security and other taxes

-

129

VAT

9,944

19,944

Accrued expenses

800

800

100,527

97,551

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

31,970

57,915

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,858 (2024 - £25,100) were paid to the directors .