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REGISTERED NUMBER: 11881958 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

LINK IP NETWORKS LIMITED

LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINK IP NETWORKS LIMITED

COMPANY INFORMATION
for the Period 1 April 2023 to 30 March 2024







DIRECTOR: M O'Connell





REGISTERED OFFICE: Pear Mill Industrial Estate Stockport Ro
Bredbury
Stockport
SK6 2BP





REGISTERED NUMBER: 11881958 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 -
Tangible assets 5 190,806 160,911
213,306 160,911

CURRENT ASSETS
Debtors 6 124,032 36,362
Cash at bank 24,278 125,770
148,310 162,132
CREDITORS
Amounts falling due within one year 7 381,048 255,926
NET CURRENT LIABILITIES (232,738 ) (93,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,432

)

67,117

CREDITORS
Amounts falling due after more than one year 8 30,182 37,504
NET (LIABILITIES)/ASSETS (49,614 ) 29,613

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (49,615 ) 29,612
(49,614 ) 29,613

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)

BALANCE SHEET - continued
30 March 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 March 2025 and were signed by:





M O'Connell - Director


LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Link Ip Networks 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.

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

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.

Exclusivity rights are being amortised evenly over their estimated useful life of ten years.

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.

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 balance sheet date.

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 period was 2 (2023 - 1 ) .

LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 25,000
At 30 March 2024 25,000
AMORTISATION
Charge for period 2,500
At 30 March 2024 2,500
NET BOOK VALUE
At 30 March 2024 22,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 232,714
Additions 63,715
At 30 March 2024 296,429
DEPRECIATION
At 1 April 2023 71,803
Charge for period 33,820
At 30 March 2024 105,623
NET BOOK VALUE
At 30 March 2024 190,806
At 31 March 2023 160,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,865 32,466
Other debtors 13,167 3,896
124,032 36,362

LINK IP NETWORKS LIMITED (REGISTERED NUMBER: 11881958)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,841 4,361
Trade creditors 210,596 123,512
Taxation and social security 160,948 124,881
Other creditors 3,663 3,172
381,048 255,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,182 37,504