Registered number
07033466
Link Promotions Ltd
Filleted Accounts
for the year ended 30 September 2023
Link Promotions Ltd
Registered number: 07033466
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,202 5,872
Current assets
Cash at bank and in hand 69,825 87,066
Creditors: amounts falling due within one year 4 (10,743) (30,355)
Net current assets/(liabilities) 59,082 56,711
Total assets less current liabilities 64,284 62,583
Creditors: amounts falling due after more than one year 7 (28,333) (37,033)
Net assets 35,951 25,550
Capital and reserves
Called up share capital 2 2
Profit and loss account 35,949 25,548
Shareholder's funds 35,951 25,550
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Brindle
Director
Approved by the board on 23 October 2023
Link Promotions Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight line
Fixtures and fittings 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery Fixtures & fittings Total
£ £ £
Cost
At 1 October 2022 13,205 9,614 22,819
Additions 2,182 - 2,182
At 30 September 2023 15,387 9,614 25,001
Depreciation
At 1 October 2022 8,470 8,477 16,947
Charge for the year 2,283 569 2,852
At 30 September 2023 10,753 9,046 19,799
Net book value
At 30 September 2023 4,634 568 5,202
At 30 September 2022 4,735 1,137 5,872
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accrual 3,625 3,625
Corporation tax 10,594 18,514
Taxation and social security 5,990 15,128
Director's account (9,466) (6,912)
10,743 30,355
5 Profit and loss account 2023
£
At 1 October 2022 25,548
Profit for the year 39,401
Dividend (29,000)
At 30 September 2023 35,949
6 Dividends 2023 2022
£ £
Dividends for which the company became liable during the year:
Dividends paid 29,000 14,000
29,000 14,000
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,333 37,033
8 Related party transactions
Included within the creditors at the year end is £9,466 (2022: £6,912) due from Mr L Brindle, the company director. During the period the company paid £66,724 of expenses on behalf of the director and the director introduced £64,170.
9 Controlling party
The ultimate controlling party is the sole director and shareholder Mr Liam Brindle.
10 Other information
Link Promotions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 404, Accounts Office Daisyfield Business Centre
Appleby Street
Blackburn
BB1 3BL
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