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
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
LINCS PAINTING & DECORATING LTD
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
3,161
9,022
Creditors: amounts falling due within one year
(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
-
(2,195)
Provisions for liabilities
Deferred tax
(2,944)
(2,969)
Called up share capital
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
LINCS PAINTING & DECORATING LTD
Notes to the Accounts
for the year ended 31 December 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
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
At 31 December 2025
159
-
154
92
405
At 31 December 2024
199
7,917
206
132
8,454
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Other debtors
8,868
10,020
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,996
-
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
Deferred income
8,868
10,020
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
2,195
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
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.
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).