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REGISTERED NUMBER: 05577787












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Construction Linx Limited

Construction Linx Limited (Registered number: 05577787)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Construction Linx Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: G Williams
Mrs R Williams





REGISTERED OFFICE: Unit 8
Crewe Hall Enterprise Park
Crewe
Cheshire
CW1 6UA





REGISTERED NUMBER: 05577787






Construction Linx Limited (Registered number: 05577787)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 53,387 30,654
53,387 30,654

CURRENT ASSETS
Stocks 7 7,500 7,500
Debtors 8 844,798 730,910
Cash at bank 79,499 36,447
931,797 774,857
CREDITORS
Amounts falling due within one year 9 (875,289 ) (754,327 )
NET CURRENT ASSETS 56,508 20,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,895

51,184

CREDITORS
Amounts falling due after more than one
year

10

(25,560

)

(3,917

)

PROVISIONS FOR LIABILITIES 14 (2,953 ) (3,056 )
NET ASSETS 81,382 44,211

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,381 44,210
SHAREHOLDERS' FUNDS 81,382 44,211

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

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

Construction Linx Limited (Registered number: 05577787)

Statement of Financial Position - continued
31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





G Williams - Director


Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Construction Linx Limited ('The Company') is primarily engaged in general construction and property maintenance.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Unit 8 Crewe Hall Enterprise Park, Weston Road, Crewe, Cheshire, CW1 6UA. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
The amount paid in connection with the acquisition of trademarks in 2011 have been fully amortised over the estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the statement of comprehensive income over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to statement of comprehensive income on a straight line basis over the period of the lease.

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 the statement of comprehensive income in the period to which they relate.

Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each year end. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the statement of comprehensive income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Trademarks
£   
COST
At 1 January 2023
and 31 December 2023 1,011
AMORTISATION
At 1 January 2023
and 31 December 2023 1,011
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 18,079 17,135 109,850 19,407 164,471
Additions - 447 37,000 3,565 41,012
At 31 December 2023 18,079 17,582 146,850 22,972 205,483
DEPRECIATION
At 1 January 2023 18,079 17,068 80,893 17,777 133,817
Charge for year - 145 16,490 1,644 18,279
At 31 December 2023 18,079 17,213 97,383 19,421 152,096
NET BOOK VALUE
At 31 December 2023 - 369 49,467 3,551 53,387
At 31 December 2022 - 67 28,957 1,630 30,654

Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 109,850
Additions 37,000
At 31 December 2023 146,850
DEPRECIATION
At 1 January 2023 80,892
Charge for year 16,490
At 31 December 2023 97,382
NET BOOK VALUE
At 31 December 2023 49,468
At 31 December 2022 28,958

7. STOCKS
2023 2022
£    £   
Finished goods 7,500 7,500

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 627,442 499,946
Other debtors 501 501
Other loans 18,465 31,822
Short term loan 629 -
Directors' current account 72,086 72,086
Prepayments 22,196 23,076
741,319 627,431

Amounts falling due after more than one year:
Amounts owed by group undertakings 80,000 80,000
Tax 23,479 23,479
103,479 103,479

Aggregate amounts 844,798 730,910

Amounts owed by group undertakings are unsecured, interest free and are subject to an annual review on 1 January 2023.

Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 24,522 18,339
Hire purchase contracts and finance leases (see note 12)
10,976

14,724
Trade creditors 310,643 170,417
Tax 47,561 49,532
Social security and other taxes 20,313 29,670
VAT 181,698 132,875
Other creditors 4,718 4,101
Invoice financing 147,809 107,798
Deferred income 91,784 150,408
Accrued expenses 35,265 76,463
875,289 754,327

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases (see note 12)
25,560

3,917

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 24,522 18,339

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 3,917 5,875 7,059 8,849
Between one and five years - 3,917 25,560 -
3,917 9,792 32,619 8,849

Construction Linx Limited (Registered number: 05577787)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

13. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 24,522 18,339
Hire purchase contracts and finance leases 36,536 18,641
Invoice financing 147,809 107,798
208,867 144,778

The loans have been personally guaranteed by Mr G Williams.

Invoice financing liabilities are secured over trade debts of the company. The hire purchase contracts and finance leases are secured over the asset to which it relates.

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,953 3,056

Deferred
tax
£   
Balance at 1 January 2023 3,056
Provided during year (103 )
Balance at 31 December 2023 2,953

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G Williams and Mrs R Williams
Balance outstanding at start of year 72,086 72,242
Amounts advanced 93,421 81,756
Amounts repaid (93,421 ) (81,912 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,086 72,086

During the year the directors' loan balance was in a debit position and interest totalling £1,658 has been charged to the directors at the official rate applicable to beneficial loans.

16. RELATED PARTY DISCLOSURES

The company has provided loans (including interest-free loans) to companies, which are associated by common control of the directors. Interest income from these loans included in the statement of comprehensive income is £603.