Linley's Builders (Leeds) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01516850

LINLEY'S BUILDERS (LEEDS) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

23 December 2024

LINLEY'S BUILDERS (LEEDS) LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 26 DECEMBER 2023 TO 23 DECEMBER 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

LINLEY'S BUILDERS (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION

23 December 2024

	23 Dec 24		25 Dec 23
Note	£	£	£

FIXED ASSETS

Tangible assets	5		–	7,590

CURRENT ASSETS

Stocks		426,932	418,001
Debtors	6	359,833	417,506
Cash at bank and in hand		19,979	19,444
		---------	---------
		806,744	854,951

CREDITORS: amounts falling due within one year	7	( 747,852)		( 797,501)
		---------		---------
NET CURRENT ASSETS			58,892	57,450
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			58,892	65,040

CREDITORS: amounts falling due after more than one year	8	( 4,167)	( 13,344)
		--------	--------
NET ASSETS		54,725	51,696
		--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	54,625	51,596
	--------	--------
SHAREHOLDERS FUNDS	54,725	51,696
	--------	--------

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 income and retained earnings has not been delivered.

For the period ending 23 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LINLEY'S BUILDERS (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

23 December 2024

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

J Linley

Director

Company registration number: 01516850

LINLEY'S BUILDERS (LEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 26 DECEMBER 2023 TO 23 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Havercroft, Chapel Hill, Kearby, Wetherby, LS22 4BU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate and have confirmed their ongoing support. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

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:

Equipment	-	25% straight line
Motor vehicles	-	25% straight line
Fixtures & fittings	-	15 % straight line

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).

5. TANGIBLE ASSETS

	Equipment	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost
At 26 December 2023 and 23 December 2024	4,709	37,820	413	42,942
	-------	--------	----	--------
Depreciation
At 26 December 2023	4,619	30,320	413	35,352
Charge for the period	90	7,500	–	7,590
	-------	--------	----	--------
At 23 December 2024	4,709	37,820	413	42,942
	-------	--------	----	--------
Carrying amount
At 23 December 2024	–	–	–	–
	-------	--------	----	--------
At 25 December 2023	90	7,500	–	7,590
	-------	--------	----	--------

6. DEBTORS

	23 Dec 24	25 Dec 23
	£	£
Trade debtors	359,833	397,506
Other debtors	–	20,000
	---------	---------
	359,833	417,506
	---------	---------

7. CREDITORS: amounts falling due within one year

	23 Dec 24	25 Dec 23
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	72,504	63,378
Social security and other taxes	230,778	213,803
Other creditors	434,570	510,320
	---------	---------
	747,852	797,501
	---------	---------

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

	23 Dec 24	25 Dec 23
	£	£
Bank loans and overdrafts	4,167	13,344
	-------	--------