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REGISTERED NUMBER: 02613416 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Milton Keynes London Link Limited

Milton Keynes London Link Limited (Registered number: 02613416)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Milton Keynes London Link Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A H Savage
Mrs M D Savage





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 02613416 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Milton Keynes London Link Limited (Registered number: 02613416)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,461 31,580
Investments 6 - -
43,461 31,580

CURRENT ASSETS
Debtors 7 184,516 218,447
Cash at bank and in hand 243,675 128,339
428,191 346,786
CREDITORS
Amounts falling due within one year 8 146,103 110,759
NET CURRENT ASSETS 282,088 236,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,549

267,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 325,547 267,605
SHAREHOLDERS' FUNDS 325,549 267,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Milton Keynes London Link Limited (Registered number: 02613416)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





A H Savage - Director


Milton Keynes London Link Limited (Registered number: 02613416)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Milton Keynes London Link Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

Milton Keynes London Link Limited (Registered number: 02613416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 19,200
AMORTISATION
At 1 June 2022
and 31 May 2023 19,200
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 13,164 12,001 20,462 64,786 110,413
Additions - - 513 36,384 36,897
Disposals - - - (38,827 ) (38,827 )
At 31 May 2023 13,164 12,001 20,975 62,343 108,483
DEPRECIATION
At 1 June 2022 13,164 10,136 15,901 39,632 78,833
Charge for year - 319 1,212 9,061 10,592
Eliminated on disposal - - - (24,403 ) (24,403 )
At 31 May 2023 13,164 10,455 17,113 24,290 65,022
NET BOOK VALUE
At 31 May 2023 - 1,546 3,862 38,053 43,461
At 31 May 2022 - 1,865 4,561 25,154 31,580

Milton Keynes London Link Limited (Registered number: 02613416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 6,425
PROVISIONS
At 1 June 2022
and 31 May 2023 6,425
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 170,758 204,223
Other debtors - 200
Prepayments and accrued income 13,758 14,024
184,516 218,447

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 66,352 35,272
Corporation tax 19,111 12,056
Social security and other taxes 4,710 3,417
VAT 36,037 37,137
Other creditors - 253
Directors' loan accounts 6,732 7,302
Accruals and deferred income 13,161 15,322
146,103 110,759

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 19,750 19,750
Between one and five years 79,000 79,000
In more than five years 37,855 57,605
136,605 156,355

Milton Keynes London Link Limited (Registered number: 02613416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. ULTIMATE CONTROLLING PARTY

The company is controlled by A H Savage and his wife Mrs M D Savage.