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LINK DISTRIBUTION (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINK DISTRIBUTION (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D Donaldson
C Donaldson
Mrs N Donaldson
Mrs S Donaldson





SECRETARY: Mrs N Donaldson





REGISTERED OFFICE: Unit 4A
Sapper Jordan Rossi Park
Baildon
Shipley
West Yorkshire
BD17 7AX





REGISTERED NUMBER: 06290203 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585,064 349,947

CURRENT ASSETS
Stocks 514,995 438,179
Debtors 5 1,308,855 1,189,177
Cash at bank 168,627 237,318
1,992,477 1,864,674
CREDITORS
Amounts falling due within one year 6 982,924 751,332
NET CURRENT ASSETS 1,009,553 1,113,342
TOTAL ASSETS LESS CURRENT LIABILITIES 1,594,617 1,463,289

CREDITORS
Amounts falling due after more than one
year

7

(331,382

)

(303

)

PROVISIONS FOR LIABILITIES 9 (23,796 ) (24,579 )
NET ASSETS 1,239,439 1,438,407

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Capital redemption reserve 332 332
Retained earnings 1,238,107 1,437,075
SHAREHOLDERS' FUNDS 1,239,439 1,438,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:




D Donaldson - Director



C Donaldson - Director


LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


1. STATUTORY INFORMATION

Link Distribution (UK) 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 360,793 108,858 18,112
Additions 10,329 4,000 -
Disposals - - -
At 30 June 2023 371,122 112,858 18,112
DEPRECIATION
At 1 July 2022 136,705 76,131 8,218
Charge for year 23,442 7,345 1,979
Eliminated on disposal - - -
At 30 June 2023 160,147 83,476 10,197
NET BOOK VALUE
At 30 June 2023 210,975 29,382 7,915
At 30 June 2022 224,088 32,727 9,894

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 199,762 22,021 709,546
Additions 342,022 14,663 371,014
Disposals (128,178 ) - (128,178 )
At 30 June 2023 413,606 36,684 952,382
DEPRECIATION
At 1 July 2022 118,495 20,050 359,599
Charge for year 37,754 5,489 76,009
Eliminated on disposal (68,290 ) - (68,290 )
At 30 June 2023 87,959 25,539 367,318
NET BOOK VALUE
At 30 June 2023 325,647 11,145 585,064
At 30 June 2022 81,267 1,971 349,947

The net book value of tangible fixed assets includes £ 309,614 (2022 - £ 33,836 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 345,393 333,596
Other debtors 34,978 13,068
Directors' current accounts 575,634 502,409
Tax 158,829 114,273
VAT 162,431 198,769
Prepayments 31,590 27,062
1,308,855 1,189,177

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 45,504 1,820
Trade creditors 843,044 589,632
Tax 23,644 9,254
Social security and other taxes 6,733 5,165
Pension 1,129 -
Other creditors - 792
Company credit and visa cards 56,326 125,310
Accrued expenses 6,544 19,359
982,924 751,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 331,382 303

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 376,886 2,123

The hire purchase debt liability is secured by a charge over the specific asset concerned.

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 23,796 24,579

Deferred
tax
£   
Balance at 1 July 2022 24,579
Accelerated Capital Allowances (783 )
Balance at 30 June 2023 23,796

The entire provision for deferred taxation relates to accelerated capital allowances.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

11. 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
£    £   
D Donaldson
Balance outstanding at start of year 144,150 114,630
Amounts advanced 95,670 114,520
Amounts repaid (82,000 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,820 144,150

C Donaldson
Balance outstanding at start of year 143,924 119,630
Amounts advanced 95,440 109,294
Amounts repaid (82,000 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 157,364 143,924

Mrs N Donaldson
Balance outstanding at start of year 107,165 63,026
Amounts advanced 98,750 122,600
Amounts repaid (75,692 ) (78,461 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130,223 107,165

Mrs S Donaldson
Balance outstanding at start of year 107,169 68,026
Amounts advanced 98,750 117,604
Amounts repaid (75,692 ) (78,461 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130,227 107,169

The Director's loan accounts are interest free and repayable on demand.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

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


12. ULTIMATE CONTROLLING PARTY

The directors' acting together control the company.