Company registration number 10752058 (England and Wales)
IYNK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
IYNK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
IYNK LTD
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
645
51
Cash at bank and in hand
-
0
1,197
645
1,248
Creditors: amounts falling due within one year
4
(10,289)
(10,800)
Net current liabilities
(9,644)
(9,552)
Creditors: amounts falling due after more than one year
5
(17,877)
(14,417)
Net liabilities
(27,521)
(23,969)
Capital and reserves
Called up share capital
131
131
Share premium account
149,975
149,975
Profit and loss reserves
(177,627)
(174,075)
Total equity
(27,521)
(23,969)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 February 2024 and are signed on its behalf by:
Mr T Abbott
Director
Company registration number 10752058 (England and Wales)
IYNK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

Iynk Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, England, SL9 7QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors will continue to financially support the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
645
51
IYNK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5
3,460
Trade creditors
3,868
-
0
Other creditors
5,216
5,216
Accruals and deferred income
1,200
2,124
10,289
10,800
5
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
17,877
14,417
2023-05-312022-06-01false20 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A ChinMr T W AbbottVelocity Corporate Directors Limitedfalse107520582022-06-012023-05-31107520582023-05-31107520582022-05-3110752058core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3110752058core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3110752058core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3110752058core:Non-currentFinancialInstrumentscore:AfterOneYear2022-05-3110752058core:CurrentFinancialInstruments2023-05-3110752058core:CurrentFinancialInstruments2022-05-3110752058core:ShareCapital2023-05-3110752058core:ShareCapital2022-05-3110752058core:SharePremium2023-05-3110752058core:SharePremium2022-05-3110752058core:RetainedEarningsAccumulatedLosses2023-05-3110752058core:RetainedEarningsAccumulatedLosses2022-05-3110752058bus:Director22022-06-012023-05-31107520582021-06-012022-05-3110752058core:WithinOneYear2023-05-3110752058core:WithinOneYear2022-05-3110752058core:Non-currentFinancialInstruments2023-05-3110752058core:Non-currentFinancialInstruments2022-05-3110752058bus:PrivateLimitedCompanyLtd2022-06-012023-05-3110752058bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3110752058bus:FRS1022022-06-012023-05-3110752058bus:AuditExemptWithAccountantsReport2022-06-012023-05-3110752058bus:Director12022-06-012023-05-3110752058bus:Director32022-06-012023-05-3110752058bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP