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REGISTERED NUMBER: 10895686 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LINK3 RECRUITMENT LIMITED

LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINK3 RECRUITMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: Mr C A Gatter
Mr D R Miller
Mr M S Pembleton





REGISTERED OFFICE: Unit 2 Charnwood Edge Business Park
Syston Road
Cossington
Leicester
LE7 4UZ





REGISTERED NUMBER: 10895686 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,406 6,569
Investments 5 8,641 8,641
23,047 15,210

CURRENT ASSETS
Debtors 6 495,454 406,003
Cash at bank 943,799 548,733
1,439,253 954,736
CREDITORS
Amounts falling due within one year 7 (454,648 ) (425,696 )
NET CURRENT ASSETS 984,605 529,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,652

544,250

PROVISIONS FOR LIABILITIES (3,600 ) (1,640 )
NET ASSETS 1,004,052 542,610

CAPITAL AND RESERVES
Called up share capital 403 403
Retained earnings 1,003,649 542,207
1,004,052 542,610

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

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

LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

BALANCE SHEET - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:




Mr C A Gatter - Director



Mr D R Miller - Director


LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Link3 Recruitment Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, Leicester, LE7 4UZ and the registered number is 10895686.

The presentation currency of the financial statements is the Pound Sterling (£).

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
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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 - 33% straight line
Computer equipment - 33% straight line

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Operating leases
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 13,967 8,625 22,592
Additions 7,009 8,119 15,128
At 31 August 2024 20,976 16,744 37,720
DEPRECIATION
At 1 September 2023 9,035 6,988 16,023
Charge for year 4,532 2,759 7,291
At 31 August 2024 13,567 9,747 23,314
NET BOOK VALUE
At 31 August 2024 7,409 6,997 14,406
At 31 August 2023 4,932 1,637 6,569

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 8,641
NET BOOK VALUE
At 31 August 2024 8,641
At 31 August 2023 8,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 433,344 362,052
Other debtors 62,110 43,951
495,454 406,003

LINK3 RECRUITMENT LIMITED (REGISTERED NUMBER: 10895686)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,406 9,598
Taxation and social security 410,174 269,857
Other creditors 11,068 146,241
454,648 425,696

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 35,771 7,913
Between one and five years 41,620 -
77,391 7,913

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr C A Gatter
Balance outstanding at start of year (1,367 ) 9,288
Amounts repaid - (10,655 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,367 ) (1,367 )

Mr D R Miller
Balance outstanding at start of year 14 13,696
Amounts advanced - 9,000
Amounts repaid - (22,682 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14 14

Mr M S Pembleton
Balance outstanding at start of year (1,219 ) 8,781
Amounts advanced - 200,000
Amounts repaid - (210,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,219 ) (1,219 )