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Registered number: 12536305
Cashlinks Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12536305
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 257,026 209,303
257,026 209,303
CURRENT ASSETS
Debtors 5 132,150 613,795
Cash at bank and in hand 13,403 42,407
145,553 656,202
Creditors: Amounts Falling Due Within One Year 6 (175,262 ) (691,477 )
NET CURRENT ASSETS (LIABILITIES) (29,709 ) (35,275 )
TOTAL ASSETS LESS CURRENT LIABILITIES 227,317 174,028
PROVISIONS FOR LIABILITIES
Deferred Taxation (64,256 ) (39,767 )
NET ASSETS 163,061 134,261
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 163,060 134,260
SHAREHOLDERS' FUNDS 163,061 134,261
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M H Elswood
Director
19/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cashlinks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12536305 . The registered office is C/O Goringe Accountants Ltd, Waterside, 1650 Arlington Business Park, Reading, Berkshire, RG7 4SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Reporting period
The company's comparitive period starts from 1 April 2023 to 31 December 2023, a period shorter than 12 months. Therefore the amounts presented in the financial statements (including the related notes) are not entirely comparable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 254,254
Additions 108,096
As at 31 December 2024 362,350
Depreciation
As at 1 January 2024 44,951
Provided during the period 60,373
As at 31 December 2024 105,324
Net Book Value
As at 31 December 2024 257,026
As at 1 January 2024 209,303
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 84,783 139,509
Other debtors 5,491 439,489
VAT - 7,797
Directors' loan accounts - 27,000
Amounts owed by related parties 41,876 -
132,150 613,795
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 93,460 190,920
Other taxes and social security 56,704 -
VAT 185 -
Other creditors 24,913 490,486
Amounts owed to related parties - 10,071
175,262 691,477
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7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Mark Elswood 27,000 - (27,000 ) - -
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Included within debtors is an amount of £41,876 (2023- £10,071 creditor) which is owed by LA Thunder Ltd.
10. Ultimate Controlling Party
The company's ultimate controlling party is LA Thunder Limited by virtue of its ownership of 100% of the issued share capital in the company.
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