REGISTERED NUMBER: 08261355 (England and Wales)

Link Parking Limited

Unaudited Financial Statements

for the Period 1 November 2023 to 29 October 2024

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M T Gardner

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

08261355 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

9 High Street

Yeovil

Somerset

BA20 IRN

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

96,997

129,148

96,997

129,148

CURRENT ASSETS

Debtors

164,590

179,731

Cash at bank

21,000

30,337

185,590

210,068

CREDITORS

Amounts falling due within one year

156,736

143,427

NET CURRENT ASSETS

28,854

66,641

TOTAL ASSETS LESS CURRENT LIABILITIES

125,851

195,789

CREDITORS

Amounts falling due after more than one year

91,744

128,451

NET ASSETS

34,107

67,338

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

34,106

67,337

SHAREHOLDERS' FUNDS

34,107

67,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 29 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

M T Gardner - Director

1.	STATUTORY INFORMATION

Link Parking 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Contracts are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

and 29 October 2024

5,000

AMORTISATION

At 1 November 2023

and 29 October 2024

5,000

NET BOOK VALUE

At 29 October 2024

-

At 31 October 2023

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

185,427

Additions

499

At 29 October 2024

185,926

DEPRECIATION

At 1 November 2023

56,279

Charge for period

32,650

At 29 October 2024

88,929

NET BOOK VALUE

At 29 October 2024

96,997

At 31 October 2023

129,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 November 2023

and 29 October 2024

167,531

DEPRECIATION

At 1 November 2023

41,683

Charge for period

31,290

At 29 October 2024

72,973

NET BOOK VALUE

At 29 October 2024

94,558

At 31 October 2023

125,848

7.	SECURED DEBTS

The following secured debts are included within creditors:

29.10.24

31.10.23

£

£

Bank loans

27,937

32,917

Hire purchase contracts

97,114

125,422

125,051

158,339

The bank loan is a government secured bounce back loan.

The hire purchase liability is secured against the specific financed assets.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 October 2024 and the year ended 31 October 2023:

29.10.24

31.10.23

£

£

M T Gardner

Balance outstanding at start of period

98,738

82,586

Amounts repaid

(85,000

)

(89,256

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

83,484

98,738