Linmar Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04245220

Linmar Limited

Filleted Unaudited Financial Statements

31 May 2025

Linmar Limited

Financial Statements

Period from 1 December 2023 to 31 May 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Linmar Limited

Officers and Professional Advisers

Director	Mr P Morgan

Company secretary	Miss J Morgan

Registered office	Leckwith Bridge
	Leckwith Road
	Cardiff
	CF11 8AU

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

Linmar Limited

Statement of Financial Position

31 May 2025

	31 May 25	30 Nov 23
Note	£	£

FIXED ASSETS

Tangible assets	5	303,909	321,071
Investments	6	2	2
		---------	---------
		303,911	321,073

CURRENT ASSETS

Debtors	7	245,159	301,351
Cash at bank and in hand		393	393
		---------	---------
		245,552	301,744

CREDITORS: amounts falling due within one year	8	56,044	322,342
		---------	---------
NET CURRENT ASSETS/(LIABILITIES)		189,508	( 20,598)
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		493,419	300,475

CREDITORS: amounts falling due after more than one year	9	65,595	101,030

PROVISIONS

Taxation including deferred tax	59,904	62,468
	---------	---------
NET ASSETS	367,920	136,977
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	3	3
Revaluation reserve		32,000	32,000
Capital redemption reserve		2	2
Profit and loss account		335,915	104,972
		---------	---------
SHAREHOLDERS FUNDS		367,920	136,977
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Linmar Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Paul Morgan

Director

Company registration number: 04245220

Linmar Limited

Notes to the Financial Statements

Period from 1 December 2023 to 31 May 2025

1. GENERAL INFORMATION

Linmar Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are hire of scaffolding.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements is 18 months and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 May 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets.

Provisions

Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes.

Going Concern

The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard.

Revaluation of tangible assets

Revaluations are based on the most recent market evidence available at the reporting date. Adjustments arising from updated valuations reflect changes in accounting estimates and are recognised prospectively in the period of change and future periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from hire of scaffolding is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Dividends receivable Dividend income is recognised as the company's right to receive payment is established.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	20% reducing balance
Fixtures & Fittings	-	33% straight line
Motor Vehicles	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases

Assets held under leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 December 2023	859,436	2,591	161,019	1,023,046
Additions	80,896	–	–	80,896
	---------	------	---------	------------
At 31 May 2025	940,332	2,591	161,019	1,103,942
	---------	------	---------	------------
Depreciation
At 1 December 2023	611,683	2,591	87,701	701,975
Charge for the period	74,326	–	23,732	98,058
	---------	------	---------	------------
At 31 May 2025	686,009	2,591	111,433	800,033
	---------	------	---------	------------
Carrying amount
At 31 May 2025	254,323	–	49,586	303,909
	---------	------	---------	------------
At 30 November 2023	247,753	–	73,318	321,071
	---------	------	---------	------------

Plant & Machinery has been valued at deemed cost on FRS102 transition. The Plant & Machinery were revalued by the directors in 2016 year to reflect the open market making the carried forward amounts deemed cost on transition to FRS102. Net book value of Plant & Machinery comprised:

	2025	2023
	£	£
Plant & Machinery	222,324	215,753
Revaulation to deemed cost	32,000	32,000
	---------	---------
	254,324	247,753
	---------	---------

The comparable amounts determined according to the historical cost convention are as follows:

		Total
		£
	Cost	1,017,611
	Accumulated Depreciation	(696,696)
		------------
	NBV @ 31.05.25	320,915
		------------
	NBV @ 30.11.23	322,469

6. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 December 2023 and 31 May 2025	2
	----
Impairment
At 1 December 2023 and 31 May 2025	–
	----

Carrying amount
At 31 May 2025	2
	----
At 30 November 2023	2
	----

7. DEBTORS

	31 May 25	30 Nov 23
	£	£
Other debtors	245,159	301,351
	---------	---------

8. CREDITORS: amounts falling due within one year

	31 May 25	30 Nov 23
	£	£
Bank loans and overdrafts	10,000	10,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	225,494
Corporation tax	3,226	7,682
Social security and other taxes	2,500	5,250
Other creditors	40,318	73,916
	--------	---------
	56,044	322,342
	--------	---------

Obligations under hire purchase contracts are secured over the asset to which they relate. The total amount of secured liabilities in creditors less than one year is £10,318 (2023: £nil).

9. CREDITORS: amounts falling due after more than one year

	31 May 25	30 Nov 23
	£	£
Bank loans and overdrafts	5,494	21,020
Other creditors	60,101	80,010
	--------	---------
	65,595	101,030
	--------	---------

Obligations under hire purchase contracts are secured over the asset to which they relate. The total amount of secured liabilities in creditors more than one year is £60,101 (2023: £80,010).

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	31 May 25		30 Nov 23
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
Ordinary 'A' shares of £ 1 each	1	1	1	1
	----	----	----	----
	3	3	3	3
	----	----	----	----

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The amount owed by the directors at the year end is £245,158 (2023 : £227,435). Interest of £8,088 (2023: £5,233) has been incurred in relation to this balance.

12. RELATED PARTY TRANSACTIONS

The company entered into the following transactions with related parties during the year: Entities over which the entity has control, joint control or significant influence

	2025	2023
	£	£
Amount due (to) related parties	–	(225,495)
Rent received from related parties	117,500	105,000

No interest has been charged on this balance.

13. REVALUATION RESERVE

On transition to FRS102, the directors elected to revalue its plant and machinery to deemed cost.

The revaluation effect is shown below:

		2025
		£
	Revaluation plant & machinery at 30.11.16	80,000
	Transfer between reserves	(48,000)
		--------
	as at year end	32,000
		--------