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Registered number: 08306262
Link Shop Fittings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Alderton Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08306262
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,780 2,373
Tangible Assets 5 136,834 76,146
Investment Properties 6 1,010,552 1,010,552
1,149,166 1,089,071
CURRENT ASSETS
Stocks 7 200,850 495,940
Debtors 8 891,657 639,038
Cash at bank and in hand 148,817 12,169
1,241,324 1,147,147
Creditors: Amounts Falling Due Within One Year 9 (1,281,122 ) (1,248,821 )
NET CURRENT ASSETS (LIABILITIES) (39,798 ) (101,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,109,368 987,397
Creditors: Amounts Falling Due After More Than One Year 10 (630,391 ) (638,105 )
NET ASSETS 478,977 349,292
CAPITAL AND RESERVES
Called up share capital 11 25,000 25,000
Profit and Loss Account 453,977 324,292
SHAREHOLDERS' FUNDS 478,977 349,292
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For the year ending 31 March 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 Bardhul Malasi
Director
15/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Link Shop Fittings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08306262 . The registered office is Unit 4 Clipper Park Estate, Thurrock Park Way, Tilbury, RM18 7HG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.
2.4. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 25,000
As at 31 March 2025 25,000
Amortisation
As at 1 April 2024 22,627
Provided during the period 593
As at 31 March 2025 23,220
Net Book Value
As at 31 March 2025 1,780
As at 1 April 2024 2,373
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 75,236 148,224 58,304 6,281 288,045
Additions - 80,431 12,421 408 93,260
Disposals - (38,442 ) - - (38,442 )
As at 31 March 2025 75,236 190,213 70,725 6,689 342,863
Depreciation
As at 1 April 2024 59,176 96,363 51,785 4,575 211,899
...CONTINUED
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Provided during the period 4,015 13,486 2,940 433 20,874
Disposals - (26,744 ) - - (26,744 )
As at 31 March 2025 63,191 83,105 54,725 5,008 206,029
Net Book Value
As at 31 March 2025 12,045 107,108 16,000 1,681 136,834
As at 1 April 2024 16,060 51,861 6,519 1,706 76,146
6. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,010,552
7. Stocks
2025 2024
£ £
Materials 45,550 55,690
Work in progress 155,300 440,250
200,850 495,940
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 253,978 137,636
Amounts owed by group undertakings 637,679 501,402
891,657 639,038
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 872,117 873,921
Bank loans and overdrafts 31,810 14,784
Corporation tax 88,980 42,340
Other taxes and social security 37,979 13,278
VAT 54,286 100,094
Net wages 6,931 6,533
Other creditors 169,180 188,693
Pension Fund 618 521
Accruals and deferred income 16,000 8,000
Director's loan account 3,221 657
1,281,122 1,248,821
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10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 630,391 638,105
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 25,000 25,000
12. Related Party Transactions
LINK PROPERTIES (ESSEX) LIMITED

A company in which Bardhul Malasi is a director.

Amount owed to Link Properties at year end stands at £519,601.90, which is confirmed as per related party accounts.
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