IRIS Accounts Production v23.3.1.45 02461502 Board of Directors 1.7.22 30.6.23 30.6.23 building maintenance, refurbishment, design and construction contracting within the commercial, industrial and educational sectors. true false true true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024615022022-06-30024615022023-06-30024615022022-07-012023-06-30024615022021-06-30024615022021-07-012022-06-30024615022022-06-3002461502ns10:Originalns15:EnglandWales2022-07-012023-06-3002461502ns14:PoundSterlingns10:Original2022-07-012023-06-3002461502ns10:Originalns10:Director12022-07-012023-06-3002461502ns10:Original2022-07-012023-06-3002461502ns10:Original2023-06-3002461502ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002461502ns10:Originalns10:FRS1022022-07-012023-06-3002461502ns10:Originalns10:Audited2022-07-012023-06-3002461502ns10:Originalns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-07-012023-06-3002461502ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002461502ns10:Originalns10:FullAccounts2022-07-012023-06-3002461502ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002461502ns10:Originalns10:Director22022-07-012023-06-3002461502ns10:Originalns10:Director32022-07-012023-06-3002461502ns10:Originalns10:Director42022-07-012023-06-3002461502ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002461502ns10:Original2021-07-012022-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-07-012022-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002461502ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002461502ns10:Original2022-06-3002461502ns10:Originalns5:CurrentFinancialInstruments2023-06-3002461502ns10:Originalns5:CurrentFinancialInstruments2022-06-3002461502ns10:Originalns5:Non-currentFinancialInstruments2023-06-3002461502ns10:Originalns5:Non-currentFinancialInstruments2022-06-3002461502ns5:ShareCapitalns10:Original2023-06-3002461502ns5:ShareCapitalns10:Original2022-06-3002461502ns10:Originalns5:CapitalRedemptionReserve2023-06-3002461502ns10:Originalns5:CapitalRedemptionReserve2022-06-3002461502ns10:Original12022-07-012023-06-3002461502ns10:Original12021-07-012022-06-3002461502ns10:Original2022-06-3002461502ns10:Original12022-07-012023-06-3002461502ns10:Originalns5:HirePurchaseContracts2022-07-012023-06-3002461502ns10:Originalns5:HirePurchaseContracts2021-07-012022-06-3002461502ns5:OwnedAssetsns10:Original2022-07-012023-06-3002461502ns5:OwnedAssetsns10:Original2021-07-012022-06-3002461502ns10:Originalns5:LeasedAssets2022-07-012023-06-3002461502ns10:Originalns5:LeasedAssets2021-07-012022-06-3002461502ns10:Originalns10:OrdinaryShareClass12021-07-012022-06-3002461502ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3002461502ns10:Originalns5:PlantMachinery2022-06-3002461502ns10:Originalns5:FurnitureFittings2022-06-3002461502ns10:Originalns5:MotorVehicles2022-06-3002461502ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-012023-06-3002461502ns10:Originalns5:PlantMachinery2022-07-012023-06-3002461502ns10:Originalns5:FurnitureFittings2022-07-012023-06-3002461502ns10:Originalns5:MotorVehicles2022-07-012023-06-3002461502ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-06-3002461502ns10:Originalns5:PlantMachinery2023-06-3002461502ns10:Originalns5:FurnitureFittings2023-06-3002461502ns10:Originalns5:MotorVehicles2023-06-3002461502ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3002461502ns10:Originalns5:PlantMachinery2022-06-3002461502ns10:Originalns5:FurnitureFittings2022-06-3002461502ns10:Originalns5:MotorVehicles2022-06-3002461502ns10:Originalns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3002461502ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002461502ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002461502ns10:Originalns5:CurrentFinancialInstruments2022-07-012023-06-3002461502ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002461502ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002461502ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-06-3002461502ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-06-3002461502ns10:Originalns5:HirePurchaseContracts2023-06-3002461502ns10:Originalns5:HirePurchaseContracts2022-06-3002461502ns10:Originalns5:WithinOneYear2023-06-3002461502ns10:Originalns5:WithinOneYear2022-06-3002461502ns5:BetweenOneFiveYearsns10:Original2023-06-3002461502ns5:BetweenOneFiveYearsns10:Original2022-06-3002461502ns10:Originalns5:AllPeriods2023-06-3002461502ns10:Originalns5:AllPeriods2022-06-3002461502ns10:Originalns5:DeferredTaxation2022-06-3002461502ns10:Originalns5:DeferredTaxation2022-07-012023-06-3002461502ns10:Originalns5:DeferredTaxation2023-06-3002461502ns10:Originalns10:OrdinaryShareClass12023-06-3002461502ns10:Original1ns10:Director12022-06-3002461502ns10:Original1ns10:Director12021-06-3002461502ns10:Original1ns10:Director12022-07-012023-06-3002461502ns10:Original1ns10:Director12021-07-012022-06-3002461502ns10:Original1ns10:Director12023-06-3002461502ns10:Original1ns10:Director12022-06-3002461502ns10:Originalns10:Director222022-06-3002461502ns10:Originalns10:Director222021-06-3002461502ns10:Originalns10:Director222022-07-012023-06-3002461502ns10:Originalns10:Director222021-07-012022-06-3002461502ns10:Originalns10:Director222023-06-3002461502ns10:Originalns10:Director222022-06-30
REGISTERED NUMBER: 02461502 (England and Wales)













STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LINK CONTRACTING SERVICES LIMITED

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Income and Retained Earnings 8

Balance Sheet 9

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


LINK CONTRACTING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mrs N J Stevenson
Mr B J Thompson
Mr P A Wright
Mr D Roberts





Registered office: 3 Worthington Business Park
Worthington Way
Wigan
Lancashire
WN3 6XJ





Registered number: 02461502 (England and Wales)





Auditors: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2023

The directors present their strategic report for the year ended 30 June 2023.

Review of business
The principal activities of the company remain the same, delivering reactive, planned, and compliance works in relation to fabric, building, mechanical and electrical services. The company provides full 24 hour reactive, planned and compliance services to Commercial, Leisure, Educational and Retail sectors throughout the United Kingdom.

The company restructured its service delivery teams into two sections, Client Delivery and Technical Services, providing a more streamlined service to individual client sectors, proving successful in seeing the renewal of key contracts and continued successful delivery of embedded contracts.

The operational department continues to be innovative in developing the bespoke CAFM system with a drive to improve efficiency, processes, and procedures.

The Senior Leadership Team, together with the management continue to develop its people promoting from within and onboarding key experienced employees.

The Directors consider the key performance indicators to be turnover and gross profit.

2023 2022 2021
Turnover £18,492,662 £18,685,477 £20,037,938
Gross profit £6,874,773 £6,606,502 £7,172,414
Gross profit % 37.2% 35.4% 35.8%

Other key performance indicators are considered to be :

- An industry leading first time fix rate of over 90%
- Over 65,000 work orders delivered in 2023
- Industry leading health and safety records and maintaining RoSPA Gold for the 5th Year
- Awarded RoSPA Gold for Fleet Safety for the 3rd Year running
- Core Values maintained, 100% Safe, Right First Time, Complete on Time, Develop our People and Community Focused
- Client Retention and Satisfaction measured at over 95%
- Average vehicle fleet age of 1.6 years

The company's strategic growth plan remains strong, working with key selected clients and sectors being reflected in the repeat business we receive.

The company continues to remain successful despite the ongoing challenges presented by the rising costs in energy, fuel, and specialist materials. The business has worked hard at retaining and satisfying its existing customers whilst developing a more diverse client base and adding additional financial security and stability.

Recruitment and retaining staff remain to be challenging industry wide. The company has implemented salary bandings and targets, allowing employees to have continuing goals to work towards, proving successful and rewarding.

The company's core values of 100% safe, right first time, completed on time, develop its people and Community Focused have been more important than ever this year and once again the business has been awarded RoSPA Gold for safety and RoSPA Gold for Fleet Safety. The company also achieved the Customer Service Excellence standard in November 2021.

Principal risks and uncertainties
The company continues to have no bank borrowing whatsoever and continues to manage its cash flow successfully.

The business enjoys customers who generally pay on time and regular credit checks are carried out.

Its IT systems continue to drive efficiencies within the business and with full visibility on costs the business is able to limit its risk from an early stage if contracts look to be exceeding budgets.

The company continues to review its policies, procedures, workforce, and ways of working to ensure that it remains competitive within the industry. Full tender reviews, post contract reviews, data analysis and supplier reviews are completed to ensure continued profitability and to minimise financial risk to the business.


LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2023

Community projects
The business has continued with its commitment to social responsibility, having successfully delivered numerous community projects throughout the UK, sponsoring local teams in our areas of work, and fundraising for Derian House Children's Hospice and other local charities. Employees donated over 1000 hours of their time to local charities and volunteering sessions, and over £25,000 has been raised for charity.

On behalf of the board:





Mr B J Thompson - Director


21 February 2024

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

Dividends
The total distribution of dividends for the year ended 30 June 2023 will be £715,222.

Directors
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

Mrs N J Stevenson
Mr B J Thompson

Other changes in directors holding office are as follows:

Mr P A Wright - appointed 10 May 2023

Mr D Roberts was appointed as a Director on 2 November 2023.

Disclosure in the strategic report
The disclosures in respect of the business review, future developments and the financial risk management, objectives and policies are included in the Strategic Report.The principal activities of the company are also disclosed in the Strategic Report.

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2023


Auditors
The auditors, NRB, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





Mr B J Thompson - Director


21 February 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LINK CONTRACTING SERVICES LIMITED

Opinion
We have audited the financial statements of Link Contracting Services Limited (the 'company') for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
LINK CONTRACTING SERVICES LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Consideration was given to the entity's susceptibility to material misstatement at all times during the audit including consideration of how fraud could occur. This involved consideration of the nature of the entity's activities and transactions with the potential identification of fraud

- Identification of key laws and regulations considered central to the entity, including a review of any policies and procedures in place to ensure compliance. Key laws and regulations identified include the UK Companies Act, tax legislation and health and safety regulations

- Ensured that the engagement team had the necessary competence and capabilities to identify any examples of non-compliance at all stages

- Audit work was completed in all relevant areas that were deemed to be appropriate for the client and the associated risks in respect of potential misstatements, including fraud. Our audit work was designed to assess these risks in all areas and included enquiry of management, testing the appropriateness of journal entries, reviewing financial statement disclosures and tracing to relevant documentation as well as the consideration of the risk of potential management override

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neil Whittingham BSc FCA ATT (Senior Statutory Auditor)
for and on behalf of NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

21 February 2024

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 4 18,492,662 18,685,477

Cost of sales 11,617,889 12,078,975
GROSS PROFIT 6,874,773 6,606,502

Administrative expenses 5,171,550 5,172,428
1,703,223 1,434,074

Other operating income 1,550 4,410
1,704,773 1,438,484

Interest receivable and similar income 63,857 24,995
1,768,630 1,463,479

Interest payable and similar expenses 7 17,562 21,245
PROFIT BEFORE TAXATION 8 1,751,068 1,442,234

Tax on profit 9 365,858 280,607
PROFIT FOR THE FINANCIAL YEAR 1,385,210 1,161,627

Retained earnings at beginning of year 7,229,183 6,585,197

Dividends 10 (715,222 ) (517,641 )

RETAINED EARNINGS AT END OF YEAR 7,899,171 7,229,183

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 2,065,403 2,186,582

CURRENT ASSETS
Stocks 12 25,550 30,112
Debtors 13 7,286,957 6,352,574
Cash at bank and in hand 2,086,585 1,410,904
9,399,092 7,793,590
CREDITORS
Amounts falling due within one year 14 3,000,378 2,245,373
NET CURRENT ASSETS 6,398,714 5,548,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,464,117

7,734,799

CREDITORS
Amounts falling due after more than one
year

15

(161,116

)

(116,835

)

PROVISIONS FOR LIABILITIES 17 (393,799 ) (378,750 )
NET ASSETS 7,909,202 7,239,214

CAPITAL AND RESERVES
Called up share capital 18 10,000 10,000
Capital redemption reserve 31 31
Retained earnings 7,899,171 7,229,183
SHAREHOLDERS' FUNDS 7,909,202 7,239,214

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

BALANCE SHEET - continued
30 JUNE 2023



The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr B J Thompson - Director


LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,399,940 1,845,090
Interest element of hire purchase payments
paid

(17,562

)

(21,245

)
Tax paid 40,730 (845,419 )
Net cash from operating activities 2,423,108 978,426

Cash flows from investing activities
Purchase of tangible fixed assets (372,321 ) (503,952 )
Sale of tangible fixed assets 359,645 218,679
Interest received 63,857 24,995
Net cash from investing activities 51,181 (260,278 )

Cash flows from financing activities
Capital repayments in year (286,055 ) (307,208 )
Amount withdrawn by directors (727,818 ) (715,221 )
Loan to associated company (784,735 ) (188,847 )
Net cash from financing activities (1,798,608 ) (1,211,276 )

Increase/(decrease) in cash and cash equivalents 675,681 (493,128 )
Cash and cash equivalents at beginning
of year

2

1,410,904

1,904,032

Cash and cash equivalents at end of year 2 2,086,585 1,410,904

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
30.6.23 30.6.22
£    £   
Profit before taxation 1,751,068 1,442,234
Depreciation charges 443,879 472,549
Profit on disposal of fixed assets (72,338 ) (45,264 )
Finance costs 17,562 21,245
Finance income (63,857 ) (24,995 )
2,076,314 1,865,769
Decrease in stocks 4,562 22,240
(Increase)/decrease in trade and other debtors (177,782 ) 174,700
Increase/(decrease) in trade and other creditors 496,846 (217,619 )
Cash generated from operations 2,399,940 1,845,090

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 2,086,585 1,410,904
Year ended 30 June 2022
30.6.22 1.7.21
£    £   
Cash and cash equivalents 1,410,904 1,904,032


3. ANALYSIS OF CHANGES IN NET FUNDS

Other
non-cash
At 1.7.22 Cash flow changes At 30.6.23
£    £    £    £   
Net cash
Cash at bank
and in hand 1,410,904 675,681 2,086,585
1,410,904 675,681 2,086,585
Debt
Finance leases (331,609 ) 286,055 (237,688 ) (283,242 )
(331,609 ) 286,055 (237,688 ) (283,242 )
Total 1,079,295 961,736 (237,688 ) 1,803,343

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Link Contracting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continue to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions. As set out in the turnover accounting policy below, the recognition of revenue for ongoing services at the year-end is calculated by reference to the expected profit for the transaction.Whilst revenue is only included when a reliable estimate of the outcome of the transaction is available, the judgement of the directors is required when calculating the figures.

Turnover
Turnover relates to the rendering of services and is measured at the fair value of consideration received or receivable, net of discounts and value added taxes.

Revenue is recognised when a sales invoice is issued. In addition, at the end of the reporting period, revenue is recognised in respect of services which have been completed but not invoiced. This revenue is included at the value of the sales invoice raised after the reporting report in respect of the completed work

Revenue is also recognised when services are ongoing at the end of the reporting period and the outcome of the transaction can be reliably estimated, In such cases, the amount of revenue recognised is calculated by assessing the total expected profit for each transaction and adding an appropriate amount onto the unbilled costs incurred up to the balance sheet date. If the ongoing service relates to a transaction subject to a fixed mark-up percentage, revenue is recognised by adding the mark-up percentage onto unbilled costs incurred up to the balance sheet date.

All unbilled revenue which has been recognised as revenue in the reporting report is included within debtors as accrued income.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows :

Leasehold improvements- 20 years on a straight line basis
Plant and machinery- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance
Motor vehicles- 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is calculated by reference to the most recent purchase price.


LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
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
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight lines 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.

Impairment
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect if discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter sated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

The directors consider that the turnover of the company now relates to only one class of business, being the rendering of services, and that no analysis of turnover is appropriate,

The company's turnover arises entirely in the United Kingdom.

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. EMPLOYEES AND DIRECTORS
30.6.23 30.6.22
£    £   
Wages and salaries 5,716,716 5,507,083
Social security costs 607,807 537,097
Other pension costs 233,599 89,169
6,558,122 6,133,349

The average number of employees during the year was as follows:
30.6.23 30.6.22

Office and management 61 59
Operational 103 108
164 167

6. DIRECTORS' EMOLUMENTS

The total directors remuneration for the year ended 30 June 2023 was £236,477 (2022 : £237,218). The highest paid director received emoluments of £146,380 (2022 : £147,989).

The number of directors to who retirement benefits were accruing in money purchase schemes in the year ended 30 June 2023 was 3 (2022 : 2). Pension contributions of £112,118 (2022 : nil) were paid on behalf of the directors.

7. INTEREST PAYABLE AND SIMILAR EXPENSES
30.6.23 30.6.22
£    £   
Hire purchase 17,562 21,245

8. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

30.6.23 30.6.22
£    £   
Depreciation - owned assets 285,068 326,005
Depreciation - assets on hire purchase contracts 158,813 146,544
Profit on disposal of fixed assets (72,338 ) (45,264 )
Auditors' remuneration 14,540 17,415

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.6.23 30.6.22
£    £   
Current tax:
UK corporation tax 350,809 241,077

Deferred tax:
Current year 15,049 39,530
Tax on profit 365,858 280,607

UK corporation tax has been charged at 20.50% .

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.23 30.6.22
£    £   
Profit before tax 1,751,068 1,442,234
Profit multiplied by the standard rate of corporation tax in the UK of
20.500% (2022 - 19%)

358,969

274,024

Effects of:
Expenses not deductible for tax purposes 6,324 10,581
Capital allowances in excess of depreciation (14,484 ) (43,528 )
Deferred tax charge for the year 15,049 39,530
Total tax charge 365,858 280,607

10. DIVIDENDS
30.6.23 30.6.22
£    £   
Interim 715,222 517,641

11. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 732,347 221,635 176,447 2,815,787 3,946,216
Additions 3,445 1,562 - 605,002 610,009
Disposals - (14,475 ) - (653,443 ) (667,918 )
At 30 June 2023 735,792 208,722 176,447 2,767,346 3,888,307
DEPRECIATION
At 1 July 2022 148,982 175,894 121,011 1,313,747 1,759,634
Charge for year 36,617 8,744 9,874 388,646 443,881
Eliminated on disposal - (7,064 ) - (373,547 ) (380,611 )
At 30 June 2023 185,599 177,574 130,885 1,328,846 1,822,904
NET BOOK VALUE
At 30 June 2023 550,193 31,148 45,562 1,438,500 2,065,403
At 30 June 2022 583,365 45,741 55,436 1,502,040 2,186,582

Fixed assets include items held under finance leases or hire purchase contracts. The net book value of these at the year-end was £675,612 (2022 : £624,728) and the depreciation charge on the assets for the year was £158,813 (2022 : £146.544).

12. STOCKS
30.6.23 30.6.22
£    £   
Stocks 25,550 30,112

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 2,148,445 2,472,183
Amounts owed by associated company 1,143,623 358,888
Other debtors 28,623 34,960
Directors' current accounts 727,818 715,222
Tax - 40,730
Accrued income 3,238,448 2,730,591
7,286,957 6,352,574

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 16) 122,126 214,774
Trade creditors 916,203 802,694
Tax 350,809 -
Social security and other taxes 150,112 142,076
VAT 544,603 326,431
Other creditors 916,525 759,398
3,000,378 2,245,373

Hire purchase liabilities are secured against the assets to which they relate.

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts (see note 16) 161,116 116,835

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 122,126 214,774
Between one and five years 161,116 116,835
283,242 331,609

Non-cancellable operating leases
30.6.23 30.6.22
£    £   
Within one year 137,450 117,063
Between one and five years 67,063 150,000
204,513 267,063

17. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 393,799 378,750

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

17. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 378,750
Provided during year 15,049
Balance at 30 June 2023 393,799

The deferred tax provision relates entirely to accelerated capital allowances.

Deferred tax has been provided for on the basis of the corporation tax rate being 25% as this is the rate expected to apply to the reversal of the timing differences.

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr B J Thompson
Balance outstanding at start of year 436,887 239,352
Amounts advanced 439,411 436,887
Amounts repaid (436,889 ) (239,352 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 439,409 436,887

Mrs N J Stevenson
Balance outstanding at start of year 278,332 278,289
Amounts advanced 288,407 278,332
Amounts repaid (278,332 ) (278,289 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 288,407 278,332

Interest has been charged and the loans are unsecured.

The directors intend to repay the overdrawn amounts to the company within nine months of the balance sheet date.

20. RELATED PARTY DISCLOSURES

During the year, total dividends of £715,222 (2022 - £517,641) were paid to the directors .

LINK CONTRACTING SERVICES LIMITED (REGISTERED NUMBER: 02461502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

20. RELATED PARTY DISCLOSURES - continued

Transactions with related parties in the year were as follows :
2023 2022
£ £
Sales invoiced to associated companies 709,867 33,862
Purchases from associated companies 112,602 49,924
Interest charged to associated companies 13,657 9,533
Amounts owed by associated companies (included in trade debtors) 881,339 24,425
Amounts owed to associated companies (included in trade creditors) 9,227 4,394
Loan to associated companies 1,143,623 358,888
Rent payments to pension scheme 100,000 100,000
Accrued income relating to associated companies - 574,191
Amounts owed by a director (included in trade debtors) 125,245 -
Accrued income relating to a director - 113,235
Sales invoiced to a director 113,320 875,000

During the year, a total of key management personnel compensation of £ 236,477 (2022 - £ 237,218 ) was paid.

21. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr B Thompson by way of the shares held by himself and by his immediate family.