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REGISTERED NUMBER: 09022707 (England and Wales)












LLOYD LINK LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LLOYD LINK LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J R Lloyd
R J Lloyd
Mrs P Lloyd



REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR



REGISTERED NUMBER: 09022707 (England and Wales)



BANKERS: Barclays Bank plc
Eastleigh Group PO Box 2
Southampton
Hampshire
SO14 2SB

LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 472,500 517,500
Tangible assets 5 - -
472,500 517,500

CURRENT ASSETS
Debtors 6 2,599,382 4,137,288
Cash at bank and in hand 134,703 23
2,734,085 4,137,311
CREDITORS
Amounts falling due within one year 7 (3,204,988 ) (4,609,484 )
NET CURRENT LIABILITIES (470,903 ) (472,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,597

45,327

CAPITAL AND RESERVES
Called up share capital 302 302
Retained earnings 1,295 45,025
SHAREHOLDERS' FUNDS 1,597 45,327

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

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

LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

BALANCE SHEET - continued
31 OCTOBER 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 31 July 2024 and were signed on its behalf by:





J R Lloyd - Director


LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

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


1. STATUTORY INFORMATION

Lloyd Link Logistics 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 FRS102 "The Financial Reporting Standards 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 FRS102 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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
The directors have concluded that the company is a going concern for at least 12 months following the signing of the financial statements. Accordingly, the directors have prepared the financial statements on this basis and provide their continuing support to the company.

At the year end the company had net assets totalling £1,597 (2022: £45,327).

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

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


2. ACCOUNTING POLICIES - continued

Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

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 85 (2022 - 128 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2022
and 31 October 2023 900,000
AMORTISATION
At 1 November 2022 382,500
Charge for year 45,000
At 31 October 2023 427,500
NET BOOK VALUE
At 31 October 2023 472,500
At 31 October 2022 517,500

LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

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


5. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 November 2022
and 31 October 2023 13,755
DEPRECIATION
At 1 November 2022
and 31 October 2023 13,755
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,995,839 3,822,909
Other debtors 603,543 314,379
2,599,382 4,137,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 25,100 100,348
Trade creditors 35,940 23,279
Taxation and social security 1,289,444 937,224
Other creditors 1,854,504 3,548,633
3,204,988 4,609,484

Loans from Blackrock Secured Finance Limited were secured by a fixed and floating charge over all the property or undertaking of the company.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 1,085 6,781
Between one and five years - 1,085
1,085 7,866

LLOYD LINK LOGISTICS LIMITED (REGISTERED NUMBER: 09022707)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £167,680 (2022: £166,727) were made to the company's directors. £79,909 (2022: £143,200) was repaid prior to the year-end. The balance owed to the company by the directors at the year end amounted to £167,680 (2022: £79,909). Interest has been charged at HMRC's beneficial loan interest rate and all advances are repayable upon demand.