Lingscars.com Limited

LINGSCARS.COM LIMITED - Company Information

Acorah Software Products - Accounts Production 5.8.009 false No description of principal activity 1 April 2016 31 March 2017 31 March 2017 06178634 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06178634 2016-03-31 06178634 2017-03-31 06178634 2016-04-01 2017-03-31 06178634 frs-core:CurrentFinancialInstruments 2017-03-31 06178634 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 06178634 frs-core:Non-currentFinancialInstruments 2017-03-31 06178634 frs-core:Non-currentFinancialInstruments 2016-04-01 2017-03-31 06178634 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 06178634 frs-core:CurrentFinancialInstruments 2017-03-31 06178634 frs-core:AfterOneYear 2016-04-01 2017-03-31 06178634 frs-core:BetweenOneFiveYears 2016-04-01 2017-03-31 06178634 frs-core:BetweenOneFiveYears 2017-03-31 06178634 frs-core:ComputerEquipment 2017-03-31 06178634 frs-core:ComputerEquipment 2016-04-01 2017-03-31 06178634 frs-core:ComputerEquipment 2016-03-31 06178634 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dpl-frs:Item1 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2015-04-01 2016-03-31 06178634 dpl-frs:Item2 2015-04-01 2016-03-31 06178634 dpl-frs:Item2 2015-03-31 06178634 dpl-frs:Item2 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item2 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item2 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item2 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item2 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2015-04-01 2016-03-31 06178634 dpl-frs:Item3 2015-04-01 2016-03-31 06178634 dpl-frs:Item3 2015-03-31 06178634 dpl-frs:Item3 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item3 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item3 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item3 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item3 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2015-04-01 2016-03-31 06178634 dpl-frs:Item4 2015-04-01 2016-03-31 06178634 dpl-frs:Item4 2015-03-31 06178634 dpl-frs:Item4 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item4 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item4 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item4 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item4 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2015-04-01 2016-03-31 06178634 dpl-frs:Item5 2015-04-01 2016-03-31 06178634 dpl-frs:Item5 2015-03-31 06178634 dpl-frs:Item5 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item5 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item5 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item5 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item5 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2015-04-01 2016-03-31 06178634 dpl-frs:Item6 2015-04-01 2016-03-31 06178634 dpl-frs:Item6 2015-03-31 06178634 dpl-frs:Item6 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item6 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item6 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item6 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item6 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2015-04-01 2016-03-31 06178634 dpl-frs:Item7 2015-04-01 2016-03-31 06178634 dpl-frs:Item7 2015-03-31 06178634 dpl-frs:Item7 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item7 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item7 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item7 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item7 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2015-04-01 2016-03-31 06178634 dpl-frs:Item8 2015-04-01 2016-03-31 06178634 dpl-frs:Item8 2015-03-31 06178634 dpl-frs:Item8 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item8 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item8 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item8 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item8 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2015-04-01 2016-03-31 06178634 dpl-frs:Item9 2015-04-01 2016-03-31 06178634 dpl-frs:Item9 2015-03-31 06178634 dpl-frs:Item9 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item9 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item9 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item9 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item9 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2015-04-01 2016-03-31 06178634 dpl-frs:Item10 2015-04-01 2016-03-31 06178634 dpl-frs:Item10 2015-03-31 06178634 dpl-frs:Item10 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item10 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item10 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item10 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item10 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2015-04-01 2016-03-31 06178634 dpl-frs:Item11 2015-04-01 2016-03-31 06178634 dpl-frs:Item11 2015-03-31 06178634 dpl-frs:Item11 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item11 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item11 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item11 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item11 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2015-04-01 2016-03-31 06178634 dpl-frs:Item12 2015-04-01 2016-03-31 06178634 dpl-frs:Item12 2015-03-31 06178634 dpl-frs:Item12 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item12 2015-04-01 2016-03-31 06178634 dpl-frs:CostSales dpl-frs:Item12 2015-03-31 06178634 dpl-frs:CostSales dpl-frs:Item12 2016-03-31 06178634 dpl-frs:DistributionCosts dpl-frs:Item12 2015-04-01 2016-03-31 06178634 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2015-04-01 2016-03-31 06178634 1 2015-04-01 2016-03-31 06178634 frs-countries:EnglandWales 2015-04-01 2016-03-31

Registered number: 06178634

Unaudited Financial Statements

For The Year Ended 31 March 2017

React Accountancy Limited

Lingscars.com Limited

Unaudited Financial Statements

For The Year Ended 31 March 2017

Unaudited Financial Statements

	Page
Contents
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Lingscars.com Limited

Balance Sheet

As at 31 March 2017

Balance Sheet

Registered number: 06178634

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		1,367,540		1,058,536

			1,367,540		1,058,536
CURRENT ASSETS
Debtors	8	77,625		65,424
Cash at bank and in hand		35,476		49,233

		113,101		114,657
Creditors: Amounts Falling Due Within One Year	9	(106,651 )		(107,711 )

NET CURRENT ASSETS (LIABILITIES)			6,450		6,946

TOTAL ASSETS LESS CURRENT LIABILITIES			1,373,990		1,065,482

Creditors: Amounts Falling Due After More Than One Year	10		(542,337 )		(325,694 )

NET ASSETS			831,653		739,788

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and loss account			830,653		738,788

SHAREHOLDERS' FUNDS			831,653		739,788

Page 1

Lingscars.com Limited

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 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 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.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mrs Ling Valentine

04/10/2017

The notes on pages 4 to 7 form part of these financial statements.

Page 2

Lingscars.com Limited

Statement of Changes in Equity

For The Year Ended 31 March 2017

Statement of Changes in Equity

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	1,000	650,143	651,143
Profit for the year and total comprehensive income	-	110,645	110,645

Dividends paid	-	(22,000)	(22,000)

As at 31 March 2016 and 1 April 2016	1,000	738,788	739,788


Profit for the year and total comprehensive income	-	91,865	91,865

As at 31 March 2017	1,000	830,653	831,653

Page 3

Lingscars.com Limited

Notes to the Unaudited Accounts

For The Year Ended 31 March 2017

Notes to the Unaudited Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	0%
Plant & Machinery	15%
Motor Vehicles	25%
Fixtures & Fittings	15%

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

Page 4

Lingscars.com Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2016	916,870	58,054	112,071	91,285	1,178,280
Additions	318,565	10,668	10,427	708	340,368

As at 31 March 2017	1,235,435	68,722	122,498	91,993	1,518,648

Depreciation
As at 1 April 2016	-	19,234	57,475	43,035	119,744
Provided during the period	-	7,764	16,256	7,344	31,364

As at 31 March 2017	-	26,998	73,731	50,379	151,108

Net Book Value
As at 31 March 2017	1,235,435	41,724	48,767	41,614	1,367,540

As at 1 April 2016	916,870	38,820	54,596	48,250	1,058,536

8. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	72,258	60,144
Prepayments and accrued income	5,367	5,280

	77,625	65,424

Page 5

Lingscars.com Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

9. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	13,435	2,552
Bank loans and overdrafts	38,223	38,223
Corporation tax	25,439	30,851
Other taxes and social security	7,371	5,849
VAT	19,533	27,586
Accruals and deferred income	2,650	2,650

	106,651	107,711

10. Creditors: Amounts Falling Due After More Than One Year

	2017	2016
	£	£
Bank loans	490,502	310,906
Directors loan account	51,835	14,788

	542,337	325,694

11. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1000	1,000	1,000

12. Transactions With and Loans to Directors

Dividends paid to directors

13. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	-	22,000

	-	22,000

Page 6

Lingscars.com Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

14. General Information

Lingscars.com Limited Registered number 06178634 is a limited by shares company incorporated in England & Wales. The Registered Office is World Headquarters, Vance Business Park, Gateshead, NE11 9NE.

Page 7