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REGISTERED NUMBER: 03494822 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Linx Jewellers Limited

Linx Jewellers Limited (Registered number: 03494822)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linx Jewellers Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs P Hollingworth
Mr A Hollingworth





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 03494822 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Linx Jewellers Limited (Registered number: 03494822)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 165,410 76,707

CURRENT ASSETS
Stocks 200,000 200,000
Debtors 5 100,972 102,903
Cash at bank and in hand 102,714 87,171
403,686 390,074
CREDITORS
Amounts falling due within one year 6 (24,075 ) (4,781 )
NET CURRENT ASSETS 379,611 385,293
TOTAL ASSETS LESS CURRENT LIABILITIES 545,021 462,000

PROVISIONS FOR LIABILITIES - (2,580 )
NET ASSETS 545,021 459,420

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 55,584 -
Retained earnings 489,435 459,418
SHAREHOLDERS' FUNDS 545,021 459,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Linx Jewellers Limited (Registered number: 03494822)

Balance Sheet - continued
30 April 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 28 November 2023 and were signed on its behalf by:




Mrs P Hollingworth - Director



Mr A Hollingworth - Director


Linx Jewellers Limited (Registered number: 03494822)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Linx Jewellers 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost and 15% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Linx Jewellers Limited (Registered number: 03494822)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 104,416 108,996 213,412
Revaluations 55,584 - 55,584
At 30 April 2023 160,000 108,996 268,996
DEPRECIATION
At 1 May 2022 40,255 96,450 136,705
Charge for year 2,762 3,163 5,925
Charge written back (43,017 ) - (43,017 )
Impairments - 3,973 3,973
At 30 April 2023 - 103,586 103,586
NET BOOK VALUE
At 30 April 2023 160,000 5,410 165,410
At 30 April 2022 64,161 12,546 76,707

Freehold land and buildings have been valued by WPA Chartered Surveyors Ltd and are included at a value of £160,000 (cost £104,416). Other tangible fixed assets have been valued by WPA Chartered Surveyors Ltd at £5,410 (cost £106,545).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,462 4,604
Amounts owed by associates 97,509 97,509
Other debtors 1 790
100,972 102,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 715 1,314
Taxation and social security 18,359 (791 )
Other creditors 5,001 4,258
24,075 4,781

Linx Jewellers Limited (Registered number: 03494822)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 2 2

8. RESERVES
Revaluation
reserve
£   
Revaluation 55,584

At 30 April 2023 55,584