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REGISTERED NUMBER: 08520086 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAYLINKS LTD

DAYLINKS LTD (REGISTERED NUMBER: 08520086)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAYLINKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: M T C Day





REGISTERED OFFICE: 24 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 08520086 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
Waterhouse Business Centre
Unit 53
2 Cromar Way
Chelmsford
Essex
CM1 2QE

DAYLINKS LTD (REGISTERED NUMBER: 08520086)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,143 16,358

CURRENT ASSETS
Stocks 20,311 13,532
Debtors 5 75,725 90,542
Cash at bank 180,674 143,368
276,710 247,442
CREDITORS
Amounts falling due within one year 6 89,376 101,874
NET CURRENT ASSETS 187,334 145,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,477

161,926

CREDITORS
Amounts falling due after more than one year 7 (27,500 ) (37,500 )

PROVISIONS FOR LIABILITIES 10 (4,787 ) (3,108 )
NET ASSETS 174,190 121,318

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 174,189 121,317
SHAREHOLDERS' FUNDS 174,190 121,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 20 February 2024 and were signed by:





M T C Day - Director


DAYLINKS LTD (REGISTERED NUMBER: 08520086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Daylinks 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.

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


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The director, having considered all the information available, is confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the director is satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and value added taxes.

Revenue is recognised based on the delivery date of when goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on a first in first out basis. Cost includes the purchase price, including taxes and duties,
transport and all other costs directly attributable to bringing the stock to its present location and condition.

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.


DAYLINKS LTD (REGISTERED NUMBER: 08520086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
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.

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 11,241 1,346 17,000 2,336 31,923
Additions 4,589 232 - 2,607 7,428
At 31 May 2023 15,830 1,578 17,000 4,943 39,351
DEPRECIATION
At 1 June 2022 923 855 12,966 821 15,565
Charge for year 2,563 196 1,009 875 4,643
At 31 May 2023 3,486 1,051 13,975 1,696 20,208
NET BOOK VALUE
At 31 May 2023 12,344 527 3,025 3,247 19,143
At 31 May 2022 10,318 491 4,034 1,515 16,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,663 87,688
Other debtors 1,950 1,950
Prepayments 1,112 904
75,725 90,542

DAYLINKS LTD (REGISTERED NUMBER: 08520086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 40,698 49,065
Corporation tax 21,613 20,548
Social security and other taxes 1,209 400
VAT 13,260 8,241
Other creditors 135 -
Director's current accounts 186 2,595
Accrued expenses 2,275 11,025
89,376 101,874

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 27,500 37,500

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,500 37,500

The bank loan is supported and secured by the UK Government's Bounce Back Loan Scheme (BBLS). Interest will be charged at a fixed rate of 2.5% and the balance is repayable over 60 months with the first payment due 12 months after inception.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,800 7,800

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,787 3,108

Deferred
tax
£   
Balance at 1 June 2022 3,108
Provided during year 1,679
Balance at 31 May 2023 4,787

DAYLINKS LTD (REGISTERED NUMBER: 08520086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


11. RELATED PARTY DISCLOSURES

At the year end, the director was owed £186 (2022: £2,595) by the company. The loan is interest free and carries no fixed term of repayment.