Registered number
02857808
INDIALINK (UK) LIMITED
Filleted Accounts
31 March 2024
INDIALINK (UK) LIMITED
Registered number: 02857808
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 314 314
Current assets
Cash at bank and in hand 17 17
Creditors: amounts falling due within one year 4 (36,278) (35,978)
Net current liabilities (36,261) (35,961)
Net liabilities (35,947) (35,647)
Capital and reserves
Called up share capital 139,200 139,200
Share premium 21,000 21,000
Profit and loss account (196,147) (195,847)
Shareholders' funds (35,947) (35,647)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vijay Ralleigh
Director
Approved by the board on 1 December 2024
INDIALINK (UK) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 15,972
At 31 March 2024 15,972
Depreciation
At 1 April 2023 15,658
At 31 March 2024 15,658
Net book value
At 31 March 2024 314
At 31 March 2023 314
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,002 2,002
Other creditors 34,276 33,976
36,278 35,978
5 Other information
INDIALINK (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Charter House
8-10 Station Road
Manor Park
London
E12 5BT
INDIALINK (UK) LIMITED 02857808 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Vijay Ralleigh No description of principal activity 02857808 2022-04-01 2023-03-31 02857808 core:WithinOneYear 2023-03-31 02857808 core:ShareCapital 2023-03-31 02857808 core:SharePremium 2023-03-31 02857808 core:RetainedEarningsAccumulatedLosses 2023-03-31 02857808 2023-04-01 2024-03-31 02857808 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02857808 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02857808 bus:Director40 2023-04-01 2024-03-31 02857808 1 2023-04-01 2024-03-31 02857808 2 2023-04-01 2024-03-31 02857808 countries:England 2023-04-01 2024-03-31 02857808 bus:FRS102 2023-04-01 2024-03-31 02857808 bus:FilletedAccounts 2023-04-01 2024-03-31 02857808 2024-03-31 02857808 core:WithinOneYear 2024-03-31 02857808 core:ShareCapital 2024-03-31 02857808 core:SharePremium 2024-03-31 02857808 core:RetainedEarningsAccumulatedLosses 2024-03-31 02857808 core:PlantMachinery 2024-03-31 02857808 2023-03-31 02857808 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure