Company registration number 08271083 (England and Wales)
CURRENT-LINK UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
CURRENT-LINK UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CURRENT-LINK UK LTD (REGISTERED NUMBER: 08271083)
BALANCE SHEET
AS AT 31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,697
642
Current assets
Debtors
4
36,457
557
Cash at bank and in hand
271,131
354,608
307,588
355,165
Creditors: amounts falling due within one year
5
(310,151)
(314,769)
Net current (liabilities)/assets
(2,563)
40,396
Net assets
134
41,038
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
34
40,938
Total equity
134
41,038
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 August 2024
Mr O S J Bamgboye
Director
CURRENT-LINK UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information
Current-Link UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 34 Watson Place, London, SE25 5EX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 FRS 102 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. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
CURRENT-LINK UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 November 2022
7,558
Additions
3,099
At 31 October 2023
10,657
Depreciation and impairment
At 1 November 2022
6,916
Depreciation charged in the year
1,044
At 31 October 2023
7,960
Carrying amount
At 31 October 2023
2,697
At 31 October 2022
642
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
36,457
557
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
303
12,694
Other creditors
309,848
302,075
310,151
314,769