Link Cold Refrigeration & Air Conditioning Co Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04151640

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,000		23,361

			2,000		23,361
CURRENT ASSETS
Stocks	5	100		2,306
Debtors	6	10,316		21,142
Cash at bank and in hand		37,155		140,132

		47,571		163,580
Creditors: Amounts Falling Due Within One Year	7	(25,527 )		(101,266 )

NET CURRENT ASSETS (LIABILITIES)			22,044		62,314

TOTAL ASSETS LESS CURRENT LIABILITIES			24,044		85,675

Creditors: Amounts Falling Due After More Than One Year	8		(9,709 )		(19,205 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(380 )		(3,563 )

NET ASSETS			13,955		62,907

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			13,855		62,807

SHAREHOLDERS' FUNDS			13,955		62,907

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Link Cold Refrigeration & Air Conditioning Co Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Paul Rees

Director

12th February 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Link Cold Refrigeration & Air Conditioning Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04151640 . The registered office is Unit 9 Sunningdale Road, South Park Ind Estate, Scunthorpe, North Lincolnshire, DN17 2TY.

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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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:

Leasehold	0%
Plant & Machinery	25%
Motor Vehicles	25%
Computer Equipment	25%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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 year 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.

...CONTINUED

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Link Cold Refrigeration & Air Conditioning Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	8,899	15,747	79,242	2,952	106,840
Disposals	-	-	(27,620 )	-	(27,620 )

As at 31 January 2025	8,899	15,747	51,622	2,952	79,220

Depreciation
As at 1 February 2024	4,287	14,542	62,513	2,137	83,479
Provided during the period	4,612	300	2,000	204	7,116
Impairment losses	-	905	3,990	611	5,506
Disposals	-	-	(18,881 )	-	(18,881 )

As at 31 January 2025	8,899	15,747	49,622	2,952	77,220

Net Book Value
As at 31 January 2025	-	-	2,000	-	2,000

As at 1 February 2024	4,612	1,205	16,729	815	23,361

5. Stocks

	2025	2024
	£	£
Stock	100	2,306

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,217	21,013
Other debtors	129	129
Corporation tax recoverable assets	970	-

	10,316	21,142

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Link Cold Refrigeration & Air Conditioning Co Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,805	2,943
Bank loans and overdrafts	5,322	5,322
Corporation tax	-	6,008
Other taxes and social security	1,754	2,600
VAT	3,135	5,942
Accruals and deferred income	11,510	775
Director's loan account	1	77,676

	25,527	101,266

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,709	19,205

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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