Company Registration No. 05347221 (England and Wales)
Lineal Software Solutions Limited
Unaudited accounts
for the year ended 31 March 2023
Lineal Software Solutions Limited
Unaudited accounts
Contents
Lineal Software Solutions Limited
Company Information
for the year ended 31 March 2023
Directors
Michael Matthews
Matthew Norris
Douglas Matthews
Company Number
05347221 (England and Wales)
Registered Office
Commercial House
The Strand
Barnstaple
Devon
EX31 1EU
England
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
Lineal Software Solutions Limited
Statement of financial position
as at 31 March 2023
Tangible assets
84,446
62,853
Cash at bank and in hand
830,502
626,303
Creditors: amounts falling due within one year
(250,133)
(227,889)
Net current assets
801,216
597,001
Net assets
885,662
659,854
Called up share capital
40
40
Profit and loss account
885,622
659,814
Shareholders' funds
885,662
659,854
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by
Michael Matthews
Director
Company Registration No. 05347221
Lineal Software Solutions Limited
Notes to the Accounts
for the year ended 31 March 2023
Lineal Software Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05347221. The registered office is Commercial House, The Strand, Barnstaple, Devon, EX31 1EU, 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.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
14,228
119,159
133,387
At 31 March 2023
14,228
168,901
183,129
At 1 April 2022
3,557
66,977
70,534
Charge for the year
2,668
25,481
28,149
At 31 March 2023
6,225
92,458
98,683
At 31 March 2023
8,003
76,443
84,446
At 31 March 2022
10,671
52,182
62,853
Lineal Software Solutions Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
196,013
172,987
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
180,046
110,148
Loans from directors
13,368
1,804
Allotted, called up and fully paid:
40 Ordinary shares of £1 each
40
40
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Average number of employees
During the year the average number of employees was 27 (2022: 27).