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REGISTERED NUMBER: 12063235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Produce Link Ltd

Produce Link Ltd (Registered number: 12063235)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Produce Link Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Anderson





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 12063235 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Produce Link Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Produce Link Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Produce Link Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Produce Link Ltd and state those matters that we have agreed to state to the director of Produce Link Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Produce Link Ltd and its director for our work or for this report.

It is your duty to ensure that Produce Link Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Produce Link Ltd. You consider that Produce Link Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Produce Link Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


5 February 2024

Produce Link Ltd (Registered number: 12063235)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,933 22,569

CURRENT ASSETS
Stocks 6,446 5,700
Debtors 5 182,222 218,169
Cash at bank 16,610 19,602
205,278 243,471
CREDITORS
Amounts falling due within one year 6 185,699 104,743
NET CURRENT ASSETS 19,579 138,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,512

161,297

CREDITORS
Amounts falling due after more than one year 7 (30,535 ) (33,958 )

PROVISIONS FOR LIABILITIES (2,785 ) (4,104 )
NET ASSETS 6,192 123,235

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,191 123,234
6,192 123,235

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

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

The director acknowledges his 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.

Produce Link Ltd (Registered number: 12063235)

Balance Sheet - continued
31 December 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 director and authorised for issue on 5 February 2024 and were signed by:





J Anderson - Director


Produce Link Ltd (Registered number: 12063235)

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

1. STATUTORY INFORMATION

Produce Link Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Produce Link Ltd (Registered number: 12063235)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 52,813 6,000 987 59,800
Additions 11,053 26,000 - 37,053
Disposals - (26,000 ) - (26,000 )
At 31 December 2023 63,866 6,000 987 70,853
DEPRECIATION
At 1 January 2023 34,098 3,117 16 37,231
Charge for year 12,770 721 198 13,689
At 31 December 2023 46,868 3,838 214 50,920
NET BOOK VALUE
At 31 December 2023 16,998 2,162 773 19,933
At 31 December 2022 18,715 2,883 971 22,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 116,920 50,248
Amounts owed by group undertakings 31,344 166,344
Other debtors 33,958 1,577
182,222 218,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 6,210 6,210
Hire purchase contracts - 833
Trade creditors 158,395 90,664
Taxation and social security 17,094 26,595
Other creditors 4,000 (19,559 )
185,699 104,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 30,535 33,958

Produce Link Ltd (Registered number: 12063235)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the amount of £9,942 (2022: £441) was owed by the director to the company. This was repaid shortly after the balance sheet date.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £20,000 (2022: £20,000) by Click Unlimited UK Ltd, a company in which the director is the majority shareholder and its sole director.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Produce Link Holdings Ltd.

The company is controlled by J Anderson, by reason of his shareholding in the holding company.