Registered number
03826669
(England and Wales)
LINK PUBLISHING LIMITED
Unaudited Filleted Accounts
31 August 2024
LINK PUBLISHING LIMITED
Registered number: 03826669
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 15 18
Tangible assets 4 37,411 31,372
37,426 31,390
Current assets
Debtors 5 863,476 877,376
Cash at bank and in hand 731 731
864,207 878,107
Creditors: amounts falling due within one year 6 (78,921) (48,455)
Net current assets 785,286 829,652
Total assets less current liabilities 822,712 861,042
Provisions for liabilities (2,226) (8,056)
Net assets 820,486 852,986
Capital and reserves
Called up share capital 103 103
Profit and loss account 820,383 852,883
Shareholders' funds 820,486 852,986
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Tuck
Director
Approved by the board on 17 May 2025
LINK PUBLISHING LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided on all intangible fixed assets as follows:
Goodwill Fully amortised
Domain name 15% reducing balance
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Office equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Intangible fixed assets £
Goodwill and Domain name:
Cost
At 1 September 2023 39,643
At 31 August 2024 39,643
Amortisation
At 1 September 2023 39,625
Provided during the year 3
At 31 August 2024 39,628
Net book value
At 31 August 2024 15
At 31 August 2023 18
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 205,822
Additions 12,645
At 31 August 2024 218,467
Depreciation
At 1 September 2023 174,450
Charge for the year 6,606
At 31 August 2024 181,056
Net book value
At 31 August 2024 37,411
At 31 August 2023 31,372
5 Debtors 2024 2023
£ £
Trade debtors 66,746 84,828
Other debtors 796,730 792,548
863,476 877,376
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 34,746 4,129
Trade creditors 14,287 11,375
Taxation and social security costs 25,033 30,533
Other creditors 4,855 2,418
78,921 48,455
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P Tuck
Director Current Account 1,356 48,301 (39,600) 10,057
1,356 48,301 (39,600) 10,057
The overdrawn Directors Current Account has been fully repaid on 26 March 2025. Interest is charged at 2.25% on amounts overdrawn.
8 Related party transactions
The company has received interest free loans from Link Publishing Ltd and Link Exhibitions (UK) Ltd which are substantially owned and controlled by Mr P Tuck.
The amounts outstanding are as follows:
2024 2023
Link Offices Ltd £706,496 £692,346
Link Exhibitions (UK) Ltd £69,553 £89,553
9 Controlling party
The controlling party is Mr P Tuck by virtue of his 97% shareholding
10 Other information
LINK PUBLISHING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit G, Link House
Britton Gardens
Kingswood
Bristol
BS15 1TF
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