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REGISTERED NUMBER: 12063235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Produce Link Ltd

Produce Link Ltd (Registered number: 12063235)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Produce Link Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Anderson





REGISTERED OFFICE: 7 Herring Lane
Spalding
Lincolnshire
PE11 1TL





REGISTERED NUMBER: 12063235 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Produce Link Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Produce Link Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Produce Link Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Produce Link Ltd and state those matters that we have agreed to state to the director of Produce Link Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Produce Link Ltd and its director for our work or for this report.

It is your duty to ensure that Produce Link Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Produce Link Ltd. You consider that Produce Link Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Produce Link Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


16 February 2025

Produce Link Ltd (Registered number: 12063235)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,572 19,933

CURRENT ASSETS
Stocks 9,124 6,446
Debtors 5 148,415 182,222
Cash at bank 5,167 16,610
162,706 205,278
CREDITORS
Amounts falling due within one year 6 131,346 185,699
NET CURRENT ASSETS 31,360 19,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,932

39,512

CREDITORS
Amounts falling due after more than one year 7 (36,764 ) (30,535 )

PROVISIONS FOR LIABILITIES (4,662 ) (2,785 )
NET ASSETS 15,506 6,192

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,505 6,191
15,506 6,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

Produce Link Ltd (Registered number: 12063235)

Balance Sheet - continued
31 December 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 16 February 2025 and were signed by:





J Anderson - Director


Produce Link Ltd (Registered number: 12063235)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Produce Link 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
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 20% straight line

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

Taxation
Taxation for the year 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.

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.

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. The assets of the scheme are held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Produce Link Ltd (Registered number: 12063235)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 63,866 6,000 987 70,853
Additions - 23,858 799 24,657
At 31 December 2024 63,866 29,858 1,786 95,510
DEPRECIATION
At 1 January 2024 46,868 3,838 214 50,920
Charge for year 12,773 6,048 197 19,018
At 31 December 2024 59,641 9,886 411 69,938
NET BOOK VALUE
At 31 December 2024 4,225 19,972 1,375 25,572
At 31 December 2023 16,998 2,162 773 19,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 42,706 116,920
Amounts owed by group undertakings 77,344 31,344
Other debtors 28,365 33,958
148,415 182,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 5,488 6,210
Hire purchase contracts 5,213 -
Trade creditors 113,934 158,395
Taxation and social security 1,603 17,094
Other creditors 5,108 4,000
131,346 185,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 25,905 30,535
Hire purchase contracts 10,859 -
36,764 30,535

Produce Link Ltd (Registered number: 12063235)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £858 to the director.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Produce Link Holdings Ltd.

The company is controlled by J Anderson, by the fact of his shareholding in the holding company.