2022-04-012023-03-312023-03-31falseNI677344LINK ELECTRICS 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LINK ELECTRICS LIMITED

Registered Number
NI677344
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2023

LINK ELECTRICS LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Feargal McGlinchey

Registered Address

2 Martins Terrace
Maghera
BT46 5BT

Registered Number

NI677344 (Northern Ireland)
LINK ELECTRICS LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets57,2009,600
Tangible assets61,3101,541
8,51011,141
Current assets
Debtors42,96131,863
Cash at bank and on hand45,45713,268
88,41845,131
Creditors amounts falling due within one year(48,190)(27,574)
Net current assets (liabilities)40,22817,557
Total assets less current liabilities48,73828,698
Net assets48,73828,698
Capital and reserves
Called up share capital100100
Profit and loss account48,63828,598
Shareholders' funds48,73828,698
The financial statements were approved and authorised for issue by the Director on 6 October 2023, and are signed on its behalf by:
Feargal McGlinchey
Director
Registered Company No. NI677344
LINK ELECTRICS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Intangible assets policy
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Intangible assets

Total

£
Cost or valuation
At 01 April 2212,000
At 31 March 2312,000
Amortisation and impairment
At 01 April 222,400
Charge for year2,400
At 31 March 234,800
Net book value
At 31 March 237,200
At 31 March 229,600
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 221,656
At 31 March 231,656
Depreciation and impairment
At 01 April 22115
Charge for year231
At 31 March 23346
Net book value
At 31 March 231,310
At 31 March 221,541