REGISTERED NUMBER:
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ETS LINDGREN LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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REGISTERED NUMBER:
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ETS LINDGREN LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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ETS LINDGREN LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants and Statutory Auditors |
Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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STATEMENT OF FINANCIAL POSITION |
30TH SEPTEMBER 2020 |
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2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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STATEMENT OF FINANCIAL POSITION - continued |
30TH SEPTEMBER 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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1. | STATUTORY INFORMATION |
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ETS Lindgren Limited is a
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis and under the historical cost convention. |
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Related party exemption |
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. |
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Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these financial statements. |
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Revenue |
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. |
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Revenue recognition |
Revenue is recognised when goods have been delivered and services supplied to customers and group undertakings such that risks and rewards of ownership have transferred to them. |
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Tax |
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred tax assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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ETS LINDGREN LIMITED (REGISTERED NUMBER: 00895272) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 6,966,407 | 6,966,407 |
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Deferred | £1 | 30,000 | 30,000 |
6,996,407 | 6,996,407 |
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The deferred shares carry no right to participate in any dividends paid by the company. They also confer no right to receive notice of, to attend or to vote at any general meeting of the company. In all other respects the shares rank equally. |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | POST BALANCE SHEET EVENTS |
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The outbreak of coronavirus, also know as Covid 19 has spread across the globe and is impacting worldwide economic activity. The outbreak and the related mitigation measures may have an adverse impact on global economic conditions as well as on the Company's business activities. |
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The directors continue to monitor the impact of the virus on the business as more information about the pandemic emerges and have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet it's financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of ESCO UK Holding Co. I Limited, a company incorporated in England and Wales at Richmond House, Walkern Road, Stevenage, Herts, SG1 3QP. ESCO Technologies Inc. is regarded by the directors as being the company's ultimate controlling party and is the largest company which includes the company within its consolidated financial statements. These are available at ESCO Technologies Inc, 9900A Clayton Road, St. Louis, MO63124, USA. |