LNK Brickwork London Limited 13032495 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is other building completion and finishing Digita Accounts Production Advanced 6.30.9574.0 true true 13032495 2022-12-01 2023-11-30 13032495 2023-11-30 13032495 bus:OrdinaryShareClass1 2023-11-30 13032495 core:CurrentFinancialInstruments 2023-11-30 13032495 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13032495 core:FurnitureFittingsToolsEquipment 2023-11-30 13032495 bus:SmallEntities 2022-12-01 2023-11-30 13032495 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13032495 bus:FullAccounts 2022-12-01 2023-11-30 13032495 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13032495 bus:RegisteredOffice 2022-12-01 2023-11-30 13032495 bus:Director1 2022-12-01 2023-11-30 13032495 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 13032495 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13032495 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 13032495 core:OfficeEquipment 2022-12-01 2023-11-30 13032495 countries:EnglandWales 2022-12-01 2023-11-30 13032495 2022-11-30 13032495 core:FurnitureFittingsToolsEquipment 2022-11-30 13032495 2021-12-01 2022-11-30 13032495 2022-11-30 13032495 bus:OrdinaryShareClass1 2022-11-30 13032495 core:CurrentFinancialInstruments 2022-11-30 13032495 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13032495 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13032495

LNK Brickwork London Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

LNK Brickwork London Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

LNK Brickwork London Limited

(Registration number: 13032495)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

679

229

Current assets

 

Debtors

5

11,839

34,398

Cash at bank and in hand

 

53,929

9,147

 

65,768

43,545

Creditors: Amounts falling due within one year

6

(72,636)

(43,418)

Net current (liabilities)/assets

 

(6,868)

127

Net (liabilities)/assets

 

(6,189)

356

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

(6,190)

355

Shareholders' (deficit)/funds

 

(6,189)

356

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
D Lankovskii
Director

 

LNK Brickwork London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the director on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

LNK Brickwork London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

LNK Brickwork London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

LNK Brickwork London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

316

316

Additions

541

541

At 30 November 2023

857

857

Depreciation

At 1 December 2022

87

87

Charge for the year

91

91

At 30 November 2023

178

178

Carrying amount

At 30 November 2023

679

679

At 30 November 2022

229

229

5

Debtors

Current

2023
£

2022
£

Trade debtors

4,865

11,706

Other debtors

6,974

22,692

 

11,839

34,398

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,488

-

Taxation and social security

4,750

20,736

Accruals and deferred income

2,000

2,000

Other creditors

63,398

20,682

72,636

43,418

 

LNK Brickwork London Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

8

Related party transactions


Included within other debtors is an amount of £Nil (2022: £16,967) owed by the director. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.

Included within other debtors is an amount of £420 (2022: £Nil) owed by connected companies in the director have a beneficial interest. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.

Included within other creditors is an amount of £6,047 (2022 : £NIL) owed to the director. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.

Included within other creditors is an amount of £55,359 (2022: £21,035) owed to connected companies in the director have a beneficial interest. Loan is provided interest free and unsecured. There are no formal terms and conditions regarding repayment of loan.