Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr J E Cripps 01/12/2022 Mrs J Glenning 09/10/2013 Mrs B Griffiths 15/08/2022 Miss S A Mahoney 09/10/2013 Miss J F Mahoney 15/08/2022 04 April 2024 The principal activity of the company is the provision of specialist care services in South Devon. 08724618 2023-12-31 08724618 bus:Director1 2023-12-31 08724618 bus:Director2 2023-12-31 08724618 bus:Director3 2023-12-31 08724618 bus:Director4 2023-12-31 08724618 bus:Director5 2023-12-31 08724618 2022-12-31 08724618 core:CurrentFinancialInstruments 2023-12-31 08724618 core:CurrentFinancialInstruments 2022-12-31 08724618 core:Non-currentFinancialInstruments 2023-12-31 08724618 core:Non-currentFinancialInstruments 2022-12-31 08724618 core:ShareCapital 2023-12-31 08724618 core:ShareCapital 2022-12-31 08724618 core:RetainedEarningsAccumulatedLosses 2023-12-31 08724618 core:RetainedEarningsAccumulatedLosses 2022-12-31 08724618 core:LandBuildings 2022-12-31 08724618 core:Vehicles 2022-12-31 08724618 core:FurnitureFittings 2022-12-31 08724618 core:OfficeEquipment 2022-12-31 08724618 core:LandBuildings 2023-12-31 08724618 core:Vehicles 2023-12-31 08724618 core:FurnitureFittings 2023-12-31 08724618 core:OfficeEquipment 2023-12-31 08724618 bus:OrdinaryShareClass1 2023-12-31 08724618 2023-01-01 2023-12-31 08724618 bus:FilletedAccounts 2023-01-01 2023-12-31 08724618 bus:SmallEntities 2023-01-01 2023-12-31 08724618 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08724618 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08724618 bus:Director1 2023-01-01 2023-12-31 08724618 bus:Director2 2023-01-01 2023-12-31 08724618 bus:Director3 2023-01-01 2023-12-31 08724618 bus:Director4 2023-01-01 2023-12-31 08724618 bus:Director5 2023-01-01 2023-12-31 08724618 core:Vehicles core:TopRangeValue 2023-01-01 2023-12-31 08724618 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 08724618 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 08724618 2022-01-01 2022-12-31 08724618 core:LandBuildings 2023-01-01 2023-12-31 08724618 core:Vehicles 2023-01-01 2023-12-31 08724618 core:FurnitureFittings 2023-01-01 2023-12-31 08724618 core:OfficeEquipment 2023-01-01 2023-12-31 08724618 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 08724618 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08724618 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08724618 (England and Wales)

LINKS SOUTH WEST LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

LINKS SOUTH WEST LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

LINKS SOUTH WEST LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
LINKS SOUTH WEST LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr J E Cripps
Mrs J Glenning
Mrs B Griffiths
Miss S A Mahoney
Miss J F Mahoney
REGISTERED OFFICE Wheal Exmouth
Christow
Exeter
EX6 7NS
United Kingdom
COMPANY NUMBER 08724618 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
LINKS SOUTH WEST LIMITED

BALANCE SHEET

As at 31 December 2023
LINKS SOUTH WEST LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 293,172 276,886
293,172 276,886
Current assets
Stocks 500 500
Debtors 4 518,885 329,475
Cash at bank and in hand 40,483 95,411
559,868 425,386
Creditors: amounts falling due within one year 5 ( 122,743) ( 90,517)
Net current assets 437,125 334,869
Total assets less current liabilities 730,297 611,755
Creditors: amounts falling due after more than one year 6 ( 34,064) ( 33,337)
Net assets 696,233 578,418
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 696,231 578,416
Total shareholders' funds 696,233 578,418

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Links South West Limited (registered number: 08724618) were approved and authorised for issue by the Board of Directors on 04 April 2024. They were signed on its behalf by:

Mrs J Glenning
Director
Miss S A Mahoney
Director
LINKS SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
LINKS SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Links South West Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wheal Exmouth, Christow, Exeter, EX6 7NS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 4 years straight line
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 38 39

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 267,988 10,994 47,718 4,490 331,190
Additions 1,296 22,752 3,628 985 28,661
At 31 December 2023 269,284 33,746 51,346 5,475 359,851
Accumulated depreciation
At 01 January 2023 0 8,247 43,996 2,061 54,304
Charge for the financial year 0 8,435 2,707 1,233 12,375
At 31 December 2023 0 16,682 46,703 3,294 66,679
Net book value
At 31 December 2023 269,284 17,064 4,643 2,181 293,172
At 31 December 2022 267,988 2,747 3,722 2,429 276,886

Included within the net book value of land and buildings above is £269,284 (2022 - £267,988) in respect of freehold land and buildings.

4. Debtors

2023 2022
£ £
Amounts owed by directors 810 0
Prepayments 9,068 7,643
Deferred tax asset 5,156 0
Other debtors 503,851 321,832
518,885 329,475

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,114 10,114
Trade creditors 3,236 2,242
Amounts owed to directors 402 5,619
Accruals 2,820 4,316
Taxation and social security 97,362 62,999
Obligations under finance leases and hire purchase contracts 6,000 2,725
Other creditors 2,809 2,502
122,743 90,517

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 34,064 31,621
Obligations under finance leases and hire purchase contracts 0 1,716
34,064 33,337

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Other related party transactions

2023 2022
£ £
Linking Together Limited 503,851 321,832

Links South West Limited operates a loan account with Linking Together Limited. There is no fixed date of repayment and the loan bears no interest.