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REGISTERED NUMBER: 10006228 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LINKED RESOURCING LIMITED

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LINKED RESOURCING LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: C J W Lusty





REGISTERED OFFICE: 10 The Old Silk Works
Beech Avenue
Warminster
BA12 8LX





REGISTERED NUMBER: 10006228 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 637 1,177

CURRENT ASSETS
Inventories 169,460 190,157
Debtors 5 33,906 38,962
Cash at bank 5,298 3,085
208,664 232,204
CREDITORS
Amounts falling due within one year 6 (118,211 ) (90,124 )
NET CURRENT ASSETS 90,453 142,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,090

143,257

CREDITORS
Amounts falling due after more than one
year

7

(340,209

)

(324,377

)
NET LIABILITIES (249,119 ) (181,120 )

CAPITAL AND RESERVES
Called up share capital 9 4,442 4,442
Share premium 10 266,526 266,526
Retained earnings 10 (520,087 ) (452,088 )
SHAREHOLDERS' FUNDS (249,119 ) (181,120 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

Statement of Financial Position - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





C J W Lusty - Director


LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


1. STATUTORY INFORMATION

Linked Resourcing 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.

Going concern
The accounts have been prepared on a going concern basis. As described in the balance sheet, the company has net liabilities of £267,268 at the balance sheet date. The company is dependant upon the continued support of the shareholders. The shareholders have confirmed that they will continue their support for a period of at least twelve months from the approval date of these accounts and on that basis the directors consider the going concern basis to be appropriate.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the fair value of consideration received or receivable for services provided to the external customers in the ordinary course of the business. The fair value of the consideration takes into account trade discounts and settlement discounts.

Revenue is shown net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Inventories are stated at the lower of cost and estimated selling price less costs to sell after making due allowance for obsolete and slow moving items. Inventories are recognised as an expense in the period in which the related revenue is generated.

Cost is determined on an average cost basis. Cost includes the purchase price and other directly attributable costs to bring the inventory to its present location and condition.

At the end of each period, inventories are assessed for impairment. If an item of inventory is impaired, the identified inventory is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the income statement.

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets

Trade and other debtors, loans to fellow group companies, loans to related companies, other debtors and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic 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 profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to seel the asset in its entirety to an unrelated third party.

b) Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, other creditors and loans from fellow group and related companies are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

c) Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received pr receivable, net of direct costs of issuing the equity instruments.


LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

a) Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

b) Deferred tax

Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider that it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 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.

Foreign currencies
The financial statements are presented in sterling which is also the the functional currency of the company.

Transactions in currencies other than the functional currency (foreign currencies) are initially recorded at the standard exchange rate ruling for the period..

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date.

Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account 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 profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 51,530 110 51,640
DEPRECIATION
At 1 May 2023 50,421 42 50,463
Charge for year 518 22 540
At 30 April 2024 50,939 64 51,003
NET BOOK VALUE
At 30 April 2024 591 46 637
At 30 April 2023 1,109 68 1,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,763 30,819
Other debtors 8,143 8,143
33,906 38,962

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 23,952 17,415
Trade creditors 69,316 35,336
Social security and other taxes 17,356 29,481
Other creditors (118 ) (83 )
Accruals and deferred income 7,705 7,975
118,211 90,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 8,167 15,166
Directors' current accounts 332,042 309,211
340,209 324,377

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,952 10,415
Bank loans 7,000 7,000
23,952 17,415

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,000 7,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,167 8,166

The COVID 19 Bounce Back Loan of £35,000 is due to be repaid over 72 months. Interest is charged at 2.5%.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,442 Ordinary £1 4,442 4,442

LINKED RESOURCING LIMITED (REGISTERED NUMBER: 10006228)

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


10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 (452,088 ) 266,526 (185,562 )
Deficit for the year (67,999 ) (67,999 )
At 30 April 2024 (520,087 ) 266,526 (253,561 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is C J W Lusty.