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Company Registration No. 10841531 (England and Wales)
Lincolnshire Drylining Limited Unaudited accounts for the year ended 30 June 2025
Lincolnshire Drylining Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Lincolnshire Drylining Limited Company Information for the year ended 30 June 2025
Director
Lisa Walker
Company Number
10841531 (England and Wales)
Registered Office
97 Bunkers Hill Lincoln Lincolnshire LN2 4QT United Kingdom
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
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Lincolnshire Drylining Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
90,531
112,413
Current assets
Debtors
5
73,114
40,407
Cash at bank and in hand
9,072
29,617
82,186
70,024
Creditors: amounts falling due within one year
6
(84,584)
(72,098)
Net current liabilities
(2,398)
(2,074)
Total assets less current liabilities
88,133
110,339
Creditors: amounts falling due after more than one year
7
(38,762)
(54,730)
Provisions for liabilities
Deferred tax
(13,367)
(19,166)
Net assets
36,004
36,443
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
35,904
36,343
Shareholders' funds
36,004
36,443
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 4 March 2026 and were signed on its behalf by
Lisa Walker Director Company Registration No. 10841531
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Lincolnshire Drylining Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Lincolnshire Drylining Limited is a private company, limited by shares, registered in England and Wales, registration number 10841531. The registered office is 97 Bunkers Hill, Lincoln, Lincolnshire, LN2 4QT, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Computer equipment
20% Reducing balance
Turnover
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.
Deferred taxation
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Lincolnshire Drylining Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
75,757
141,826
-
217,583
Additions
-
-
751
751
At 30 June 2025
75,757
141,826
751
218,334
Depreciation
At 1 July 2024
31,393
73,777
-
105,170
Charge for the year
8,873
13,609
151
22,633
At 30 June 2025
40,266
87,386
151
127,803
Net book value
At 30 June 2025
35,491
54,440
600
90,531
At 30 June 2024
44,364
68,049
-
112,413
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
49,066
46,631
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,316
1,112
Trade debtors
14,864
9,552
Other debtors
18,657
29,743
34,837
40,407
Amounts falling due after more than one year
Other debtors
38,277
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
13,804
15,299
Trade creditors
7,529
6,272
Taxes and social security
17,844
12,780
Loans from directors
-
1,254
Accruals
20,750
750
Deferred income
18,657
29,743
84,584
72,098
A BB Loan of some £30,000 secured by way of a government guarantee is in place. £30,000 term of 5yrs. £30,000 divided by 5yrs = £6,000 due within 12mths included in current liabilities
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Lincolnshire Drylining Limited Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,500
9,500
Obligations under finance leases and hire purchase contracts
35,262
44,835
Taxes and social security
-
395
38,762
54,730
A BB Loan of £30,000 term 5yrs less £6,000 due year 1. 16 months liability remaining after 12 months Yr 2. £6,000 Yr 3. £3,500 HP Liability due after 12 months Yr2. - Yr5. = £35,262
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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