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REGISTERED NUMBER: 04202029 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 June 2024

for

INTERLYNX SECURITY LTD

INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)






Contents of the Financial Statements
for the year ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERLYNX SECURITY LTD

Company Information
for the year ended 30 JUNE 2024







DIRECTORS: R J Hughes
C A Hughes
I Hughes
L Van Driel





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 04202029 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,113 2,226
Tangible assets 5 186,984 185,274
188,097 187,500

CURRENT ASSETS
Stocks 6 65,288 50,000
Debtors 7 152,693 165,533
Cash at bank and in hand 450,730 426,222
668,711 641,755
CREDITORS
Amounts falling due within one year 8 171,795 157,350
NET CURRENT ASSETS 496,916 484,405
TOTAL ASSETS LESS CURRENT LIABILITIES 685,013 671,905

PROVISIONS FOR LIABILITIES 46,233 37,981
NET ASSETS 638,780 633,924

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 638,680 633,824
SHAREHOLDERS' FUNDS 638,780 633,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Balance Sheet - continued
30 JUNE 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





R J Hughes - Director


INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Notes to the Financial Statements
for the year ended 30 JUNE 2024

1. STATUTORY INFORMATION

Interlynx Security Ltd 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.

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.

Turnover
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. None of the company`s turnover relates to exports.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Fixtures and fittings - 25% on reducing balance
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.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 82,134 5,566 87,700
AMORTISATION
At 1 July 2023 82,134 3,340 85,474
Amortisation for year - 1,113 1,113
At 30 June 2024 82,134 4,453 86,587
NET BOOK VALUE
At 30 June 2024 - 1,113 1,113
At 30 June 2023 - 2,226 2,226

INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 5,000 28,252 411,401 8,343 452,996
Additions - 173 69,359 - 69,532
Disposals - - (13,665 ) - (13,665 )
At 30 June 2024 5,000 28,425 467,095 8,343 508,863
DEPRECIATION
At 1 July 2023 5,000 25,776 230,883 6,063 267,722
Charge for year - 1,079 61,410 1,099 63,588
Eliminated on disposal - - (9,431 ) - (9,431 )
At 30 June 2024 5,000 26,855 282,862 7,162 321,879
NET BOOK VALUE
At 30 June 2024 - 1,570 184,233 1,181 186,984
At 30 June 2023 - 2,476 180,518 2,280 185,274

6. STOCKS
2024 2023
£    £   
Stocks 65,288 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,035 158,591
Other debtors 6,658 6,942
152,693 165,533

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,842 20,872
Taxation and social security 119,541 121,546
Other creditors 15,412 14,932
171,795 157,350

INTERLYNX SECURITY LTD (REGISTERED NUMBER: 04202029)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 100
20 Ordinary B £1 20 -
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Company operates from premises owned by R and C Hughes who are the sole Directors and controlling shareholders of the company. A commercial market rent of £26,400 was paid to them during the year. (2023: £26,400)