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REGISTERED NUMBER: 10302020 (England and Wales)










Link-Ages Tech Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Link-Ages Tech Limited (Registered number: 10302020)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Link-Ages Tech Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J Willis
F E L Willis





SECRETARY: A L Exley





REGISTERED OFFICE: Unit 7 Gordleton Industrial Park
Hannah Way
Pennington
Lymington
Hampshire
SO41 8JD





REGISTERED NUMBER: 10302020 (England and Wales)

Link-Ages Tech Limited (Registered number: 10302020)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 257,200 249,600
Tangible assets 5 1,730 2,898
258,930 252,498

CURRENT ASSETS
Debtors 6 9,110 6,230
Cash at bank 135 15,594
9,245 21,824
CREDITORS
Amounts falling due within one year 7 (587,942 ) (561,462 )
NET CURRENT LIABILITIES (578,697 ) (539,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(319,767

)

(287,140

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (320,767 ) (288,140 )
(319,767 ) (287,140 )

Link-Ages Tech Limited (Registered number: 10302020)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





F E L Willis - Director


Link-Ages Tech Limited (Registered number: 10302020)

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

1. STATUTORY INFORMATION

Link-Ages Tech 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

ACCOUNTING CONVENTION
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

INTANGIBLE FIXED ASSETS OTHER THAN GOODWILL
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs See note below

Development costs relating to the purchase and development of a communication App. The App is still under development and therefore is not currently being amortised.

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.
Fixtures and fittings20%Straight line
Computer equipment25%Straight line

RESEARCH AND DEVELOPMENT EXPENDITURE
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Link-Ages Tech Limited (Registered number: 10302020)

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

2. ACCOUNTING POLICIES - continued

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 August 2023 249,600
Additions 7,600
At 31 July 2024 257,200
NET BOOK VALUE
At 31 July 2024 257,200
At 31 July 2023 249,600

Link-Ages Tech Limited (Registered number: 10302020)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 4,075 1,410 5,485
DEPRECIATION
At 1 August 2023 2,411 176 2,587
Charge for year 815 353 1,168
At 31 July 2024 3,226 529 3,755
NET BOOK VALUE
At 31 July 2024 849 881 1,730
At 31 July 2023 1,664 1,234 2,898

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 7,280 4,912
Other debtors 1,830 1,318
9,110 6,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,658 -
Amounts owed to group undertakings 576,869 559,247
Accruals and deferred income 8,415 2,215
587,942 561,462

8. RELATED PARTY DISCLOSURES

Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2024 2023
£    £   
Amounts due to related parties
Other related parties 576,869 559,247