IRIS Accounts Production v24.3.0.553 00499479 Board of Directors 29.1.23 3.2.24 3.2.24 0 0 false true false false true false 0 0 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004994792023-01-28004994792024-02-03004994792023-01-292024-02-03004994792022-01-29004994792022-01-302023-01-28004994792023-01-2800499479ns15:EnglandWales2023-01-292024-02-0300499479ns14:PoundSterling2023-01-292024-02-0300499479ns10:Director12023-01-292024-02-0300499479ns10:PrivateLimitedCompanyLtd2023-01-292024-02-0300499479ns10:SmallEntities2023-01-292024-02-0300499479ns10:AuditExemptWithAccountantsReport2023-01-292024-02-0300499479ns10:SmallCompaniesRegimeForDirectorsReport2023-01-292024-02-0300499479ns10:SmallCompaniesRegimeForAccounts2023-01-292024-02-0300499479ns10:FullAccounts2023-01-292024-02-0300499479ns10:EntityNoLongerTradingButTradedInPast2023-01-292024-02-0300499479ns10:OrdinaryShareClass12023-01-292024-02-0300499479ns10:Director22023-01-292024-02-0300499479ns10:Director32023-01-292024-02-0300499479ns10:Director42023-01-292024-02-0300499479ns10:Director52023-01-292024-02-0300499479ns10:CompanySecretary12023-01-292024-02-0300499479ns10:RegisteredOffice2023-01-292024-02-0300499479ns5:ShareCapital2024-02-0300499479ns5:ShareCapital2023-01-2800499479ns10:OrdinaryShareClass12024-02-03
REGISTERED NUMBER: 00499479 (England and Wales)















DIRECTLINC LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 JANUARY 2023 TO 3 FEBRUARY 2024






DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 5 to 6


DIRECTLINC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024







DIRECTORS: A E Day
R Hancox
L S Juniper
S J King
M J Tate





SECRETARY: A E Day





REGISTERED OFFICE: Wool Hall Farm
Cross Gate
Wykeham
Spalding
Lincolnshire
PE12 6HW





REGISTERED NUMBER: 00499479 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)

REPORT OF THE DIRECTORS
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024

The directors present their report with the financial statements of the company for the period 29 January 2023 to 3 February 2024.

PRINCIPAL ACTIVITY
The company did not trade in the current financial year or preceding financial year. There has been no income or expenditure and no change has arisen in the position of the company.

DIRECTORS
The directors shown below have held office during the whole of the period from 29 January 2023 to the date of this report.

A E Day
R Hancox
L S Juniper
S J King
M J Tate

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Hancox - Director


30 October 2024

DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)

INCOME STATEMENT
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024

Period Period
29.1.23 30.1.22
to to
3.2.24 28.1.23
Notes £    £   

TURNOVER - -
OPERATING PROFIT and
PROFIT BEFORE TAXATION - -

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL PERIOD - -

DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)

STATEMENT OF FINANCIAL POSITION
3 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 650,186 650,186
TOTAL ASSETS LESS CURRENT LIABILITIES 650,186 650,186

CAPITAL AND RESERVES
Called up share capital 6 650,186 650,186
SHAREHOLDERS' FUNDS 650,186 650,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 February 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





R Hancox - Director


DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024

1. STATUTORY INFORMATION

Directlinc 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.

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.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the period ended 3 February 2024 nor for the period ended 28 January 2023.

DIRECTLINC LIMITED (REGISTERED NUMBER: 00499479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 3 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 650,186 650,186

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
650,186 Ordinary £1 650,186 650,186

7. CONTINGENT LIABILITIES

On 16 March 1998 the company granted an unlimited guarantee over the borrowings of Keepstem Limited, secured by a mortgage debenture over the assets of the company.

There is an unlimited multilateral guarantee given by Freshlinc Group Limited, Freshlinc Limited, Keepstem Limited and Lincolnshire Field Products Limited to HSBC Bank.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of the company is Fidelis Holdings Limited.

Fidelis Holdings Limited is the company's controlling related party by virtue of its 100% shareholding in FreshLinc Group Limited The Board of Directors of Fidelis Holdings Limited are considered to be the company's ultimate controlling related party by virtue of their directorships of and shareholdings in Fidelis Holdings Limited, the ultimate parent undertaking.