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PLINK LIMITED

Registered Number
06892078
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

PLINK LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

H Labourt

Registered Address

Unit 37 Townmead Business Centre
William Morris Way
London
SW6 2SZ

Registered Number

06892078 (England and Wales)
PLINK LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets34,4073,500
Tangible assets419,42622,962
23,83326,462
Current assets
Stocks5378378
Debtors10,1253,602
Cash at bank and on hand13,84223,622
24,34527,602
Creditors amounts falling due within one year6(17,566)(24,609)
Net current assets (liabilities)6,7792,993
Total assets less current liabilities30,61229,455
Creditors amounts falling due after one year7(4,981)(6,758)
Net assets25,63122,697
Capital and reserves
Called up share capital100100
Profit and loss account25,53122,597
Shareholders' funds25,63122,697
The financial statements were approved and authorised for issue by the Director on 14 February 2024, and are signed on its behalf by:
H Labourt
Director
Registered Company No. 06892078
PLINK LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year18
3.Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Other

Total

££
Cost or valuation
At 01 July 223,5003,500
Additions907907
At 30 June 234,4074,407
Net book value
At 30 June 234,4074,407
At 30 June 223,5003,500
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 2265,7875,52271,309
Additions1,321-1,321
At 30 June 2367,1085,52272,630
Depreciation and impairment
At 01 July 2245,5652,78248,347
Charge for year4,3095484,857
At 30 June 2349,8743,33053,204
Net book value
At 30 June 2317,2342,19219,426
At 30 June 2220,2222,74022,962
5.Stocks

2023

2022

££
Other stocks378378
Total378378
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables523247
Taxation and social security4,2002,908
Other creditors12,84321,454
Total17,56624,609
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts4,9816,758
Total4,9816,758