12 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11139759 2023-02-01 2024-01-31 11139759 2024-01-31 11139759 2023-01-31 11139759 2022-02-01 2023-01-31 11139759 2023-01-31 11139759 2022-01-31 11139759 core:FurnitureFittings 2023-02-01 2024-01-31 11139759 bus:Director1 2023-02-01 2024-01-31 11139759 bus:Director2 2023-02-01 2024-01-31 11139759 core:PlantMachinery 2023-01-31 11139759 core:FurnitureFittings 2023-01-31 11139759 core:PlantMachinery 2024-01-31 11139759 core:FurnitureFittings 2024-01-31 11139759 core:PlantMachinery 2023-02-01 2024-01-31 11139759 core:WithinOneYear 2024-01-31 11139759 core:WithinOneYear 2023-01-31 11139759 core:AfterOneYear 2024-01-31 11139759 core:AfterOneYear 2023-01-31 11139759 core:ShareCapital 2024-01-31 11139759 core:ShareCapital 2023-01-31 11139759 core:RetainedEarningsAccumulatedLosses 2024-01-31 11139759 core:RetainedEarningsAccumulatedLosses 2023-01-31 11139759 core:PlantMachinery 2023-01-31 11139759 core:FurnitureFittings 2023-01-31 11139759 bus:SmallEntities 2023-02-01 2024-01-31 11139759 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11139759 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11139759 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11139759 bus:FullAccounts 2023-02-01 2024-01-31 11139759 core:ComputerEquipment 2023-02-01 2024-01-31 11139759 core:ComputerEquipment 2023-01-31 11139759 core:ComputerEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 11139759
LINX HOARDINGS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2024
LINX HOARDINGS LTD
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
6
232,009
154,569
CURRENT ASSETS
Debtors
7
139,960
224,948
Cash at bank and in hand
56,356
99,734
---------
---------
196,316
324,682
CREDITORS: amounts falling due within one year
8
( 375,987)
( 416,112)
---------
---------
NET CURRENT LIABILITIES
( 179,671)
( 91,430)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
52,338
63,139
CREDITORS: amounts falling due after more than one year
9
( 8,598)
( 20,469)
PROVISIONS
( 29,038)
( 29,038)
--------
--------
NET ASSETS
14,702
13,632
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
14,602
13,532
--------
--------
SHAREHOLDERS FUNDS
14,702
13,632
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LINX HOARDINGS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 26 July 2024 , and are signed on behalf of the board by:
M A Bennett
C M D Johnson
Director
Director
Company registration number: 11139759
LINX HOARDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit a3, Astra Park, Parkside, Leeds, LS11 5SZ, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 12 (2023: 15 ).
5. TAX ON PROFIT
Major components of tax expense
2024
2023
£
£
Deferred tax:
Origination and reversal of timing differences
24,075
----
--------
Tax on profit
24,075
----
--------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
252,280
1,312
596
254,188
Additions
169,350
169,350
---------
-------
----
---------
At 31 January 2024
421,630
1,312
596
423,538
---------
-------
----
---------
Depreciation
At 1 February 2023
98,038
985
596
99,619
Charge for the year
91,828
82
91,910
---------
-------
----
---------
At 31 January 2024
189,866
1,067
596
191,529
---------
-------
----
---------
Carrying amount
At 31 January 2024
231,764
245
232,009
---------
-------
----
---------
At 31 January 2023
154,242
327
154,569
---------
-------
----
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
123,670
214,326
Other debtors
16,290
10,622
---------
---------
139,960
224,948
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
8,773
Trade creditors
293,582
347,543
Social security and other taxes
2,388
10,665
Other creditors
68,017
46,676
Other creditors
2,000
2,455
---------
---------
375,987
416,112
---------
---------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,598
20,469
-------
--------