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Company Registration No. 13062726 (England and Wales)
LINCS PAINTING & DECORATING LTD Unaudited accounts for the year ended 31 December 2025
LINCS PAINTING & DECORATING LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LINCS PAINTING & DECORATING LTD Company Information for the year ended 31 December 2025
Director
Daniel Alexander Wilcockson
Company Number
13062726 (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
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LINCS PAINTING & DECORATING LTD Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
405
8,454
Current assets
Debtors
5
18,598
18,985
Cash at bank and in hand
3,161
9,022
21,759
28,007
Creditors: amounts falling due within one year
6
(15,002)
(23,422)
Net current assets
6,757
4,585
Total assets less current liabilities
7,162
13,039
Creditors: amounts falling due after more than one year
7
-
(2,195)
Provisions for liabilities
Deferred tax
8
(2,944)
(2,969)
Net assets
4,218
7,875
Capital and reserves
Called up share capital
9
100
100
Capital contribution reserve
-
11,000
Profit and loss account
4,118
(3,225)
Shareholders' funds
4,218
7,875
For the year ending 31 December 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 his 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 3 May 2026 and were signed on its behalf by
Daniel Alexander Wilcockson Director Company Registration No. 13062726
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LINCS PAINTING & DECORATING LTD Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
LINCS PAINTING & DECORATING LTD is a private company, limited by shares, registered in England and Wales, registration number 13062726. 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.
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.
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.
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
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
30% Reducing balance
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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LINCS PAINTING & DECORATING LTD Notes to the Accounts for the year ended 31 December 2025
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 January 2025
485
25,020
650
550
26,705
Disposals
-
(25,020)
-
-
(25,020)
At 31 December 2025
485
-
650
550
1,685
Depreciation
At 1 January 2025
286
17,103
444
418
18,251
Charge for the year
40
-
52
40
132
On disposals
-
(17,103)
-
-
(17,103)
At 31 December 2025
326
-
496
458
1,280
Net book value
At 31 December 2025
159
-
154
92
405
At 31 December 2024
199
7,917
206
132
8,454
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
-
7,917
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,276
-
Trade debtors
8,454
8,965
Other debtors
8,868
10,020
18,598
18,985
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,996
-
VAT
-
4,665
Obligations under finance leases and hire purchase contracts
-
3,333
Trade creditors
1,183
1,633
Taxes and social security
1,748
2,967
Loans from directors
487
84
Accruals
720
720
Deferred income
8,868
10,020
15,002
23,422
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
2,195
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LINCS PAINTING & DECORATING LTD Notes to the Accounts for the year ended 31 December 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
2,944
2,969
2025
2024
£
£
Provision at start of year
2,969
-
(Credited)/charged to the profit and loss account
(25)
2,969
Provision at end of year
2,944
2,969
A deferred taxation reserve has been created due to accelerated capital allowances of some £2,944 cumulative. This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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