Registration number: 02818857

North Lincs Structures Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

North Lincs Structures Limited

Company Information

Directors

Mr M R Harness Mrs B M Harness Mrs L Matic Miss E Harness

Company secretary

Mrs B M Harness

Registered office

6 Pippin Drive Bottesford Scunthorpe North Lincolnshire DN16 3TR

North Lincs Structures Limited

(Registration number: 02818857)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	938,353	942,299
Current assets
Stocks		-	78,884
Debtors	5	462,319	335,197
Cash at bank and in hand		234,950	152,106
		697,269	566,187
Creditors: Amounts falling due within one year	6	(643,530)	(482,669)
Net current assets		53,739	83,518
Total assets less current liabilities		992,092	1,025,817
Creditors: Amounts falling due after more than one year	6	(51,667)	(101,617)
Provisions for liabilities		(122,250)	(142,786)
Net assets		818,175	781,414
Capital and reserves
Called up share capital		2	2
Revaluation reserve		169,604	169,604
Retained earnings		648,569	611,808
Shareholders' funds		818,175	781,414

For the financial year ending 31 May 2026 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2026 and signed on its behalf by:
 

......................................... Mr M R Harness Director

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Pippin Drive
Bottesford
Scunthorpe
North Lincolnshire
DN16 3TR

These financial statements were authorised for issue by the Board on 16 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, North Lincs Structures Limited.

Summary of disclosure exemptions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group..

Group accounts not prepared

The financial statements contain information about North Lincs Structures Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets excluding land and buildings are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land and buildings are measured under the revaluation model. The property was valued by the directors at £400,000 as at 31 May 2023. The valuation resulted in a revaluation surplus of £169,604,

Additions to land and buildings subsequent to the valuation have been included at cost. The directors consider that the carrying amount of land and buildings at 31 May 2026 is not materially different from fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	5%, 10% & 20% reducing balance
Motor vehicles	25% reducing balance

Stocks

Stock has been estimated at the lower of cost and selling price less cost to sell.

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 14 (2025 - 19).

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2025	551,778	682,356	80,416	1,314,550
Additions	37,474	4,661	-	42,135
At 31 May 2026	589,252	687,017	80,416	1,356,685
Depreciation
At 1 June 2025	-	333,547	38,704	372,251
Charge for the year	-	35,653	10,428	46,081
At 31 May 2026	-	369,200	49,132	418,332
Carrying amount
At 31 May 2026	589,252	317,817	31,284	938,353
At 31 May 2025	551,778	348,809	41,712	942,299

Included within the net book value of land and buildings above is £589,252 (2025 - £551,778) in respect of freehold land and buildings.
 

5

Debtors

Current	2026 £	2025 £
Trade debtors	291,682	172,901
Prepayments	44,707	45,516
Other debtors	125,930	116,780
	462,319	335,197

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans		20,000	37,042
Hire purchase		31,979	52,807
Trade creditors		496,732	233,984
Amounts owed to group undertakings	7	62,831	76,960
Taxation and social security		26,440	68,181
Accruals and deferred income		3,675	2,470
Other creditors		1,873	11,225
		643,530	482,669

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Bank loans		51,667	71,667
Hire purchase		-	29,950
		51,667	101,617

Creditors include bank loans secured against the compan's land and buildings, and hire purchase contracts secured against the assets purchased under the agreements totalling £103,645 (2025 - £191,466).

7	Related party transactions

The below advance was unsecured and had no fixed repayment date. Interest has been charged at the official rate of interest.

Transactions with Directors

2026	At 1 June 2025 £	Advances to Director £	Repayments by Director £	At 31 May 2026 £
Mr M R Harness
	5,780	11,108	(5,780)	11,108

North Lincs Structures Limited

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

2025	At 1 June 2024 £	Advances to Director £	Repayments by Director £	At 31 May 2025 £
Mr M R Harness
	(11,488)	18,757	(1,489)	5,780

8	Parent and ultimate parent undertaking

The company has taken advantage of exemption, under the terms of FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with its parent company North Lincs Structures (Holdings) Limited.

 The Company's immediate parent is North Lincs Structures (Holdings) Limited, incorporated in England and Wales.

 The ultimate controlling party is Michael Harness.