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REGISTERED NUMBER: 08820455 (England and Wales)















MISSIONAL LINKS WALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






MISSIONAL LINKS WALES LIMITED (REGISTERED NUMBER: 08820455)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MISSIONAL LINKS WALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Rev R A Burns





REGISTERED OFFICE: 20 High Street
Cardiff
CF10 1PT





REGISTERED NUMBER: 08820455 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

MISSIONAL LINKS WALES LIMITED (REGISTERED NUMBER: 08820455)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 518

CURRENT ASSETS
Debtors 5 24,022 18,781
Cash at bank and in hand 157,734 141,730
181,756 160,511
CREDITORS
Amounts falling due within one year 6 32,911 22,143
NET CURRENT ASSETS 148,845 138,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,845

138,886

PROVISIONS FOR LIABILITIES 7 - 99
NET ASSETS 148,845 138,787

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 148,835 138,777
SHAREHOLDERS' FUNDS 148,845 138,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:



Rev R A Burns - Director


MISSIONAL LINKS WALES LIMITED (REGISTERED NUMBER: 08820455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Missional Links Wales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis.

Turnover
Turnover represents donations received from both American and UK churches.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost

Taxation
Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.. Exchange differences are taken into account in arriving at the operating result.

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 3 (2022 - 3 ) .

MISSIONAL LINKS WALES LIMITED (REGISTERED NUMBER: 08820455)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 5,452
DEPRECIATION
At 1st January 2023 4,934
Charge for year 518
At 31st December 2023 5,452
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,264 18,588
Other debtors 758 193
24,022 18,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 254 254
Taxation and social security 6,871 3,923
Other creditors 25,786 17,966
32,911 22,143

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 99

Deferred
tax
£   
Balance at 1st January 2023 99
Credit to Income Statement during year (99 )
Balance at 31st December 2023 -

MISSIONAL LINKS WALES LIMITED (REGISTERED NUMBER: 08820455)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
Rev R A Burns
Balance outstanding at start of year 32 2
Amounts advanced 534 30
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 566 32

Interest has not been charged on the loan to the director and is deemed recoverable upon demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Rev R A Burns.