REGISTERED NUMBER: 02613416 (England and Wales)

Unaudited Financial Statements

for the Period

1 June 2024 to 31 March 2025

for

Milton Keynes London Link Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Jeffs

J L McMillan

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

02613416 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,323

32,572

Investments

6

-

-

3,323

32,572

CURRENT ASSETS

Debtors

7

120,202

141,000

Cash at bank

71,939

190,986

192,141

331,986

CREDITORS

Amounts falling due within one year

8

82,699

97,491

NET CURRENT ASSETS

109,442

234,495

TOTAL ASSETS LESS CURRENT LIABILITIES

112,765

267,067

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

112,763

267,065

SHAREHOLDERS' FUNDS

112,765

267,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

P A Jeffs - Director

J L McMillan - Director

1.	STATUTORY INFORMATION

Milton Keynes London Link 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 March 2025

19,200

AMORTISATION

At 1 June 2024

and 31 March 2025

19,200

NET BOOK VALUE

At 31 March 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

13,164

12,001

20,975

62,343

108,483

Additions

-

-

866

-

866

Disposals

-

(6,150

)

-

(52,328

)

(58,478

)

At 31 March 2025

13,164

5,851

21,841

10,015

50,871

DEPRECIATION

At 1 June 2024

13,164

10,866

18,078

33,803

75,911

Charge for period

-

72

621

5,946

6,639

Eliminated on disposal

-

(5,268

)

-

(29,734

)

(35,002

)

At 31 March 2025

13,164

5,670

18,699

10,015

47,548

NET BOOK VALUE

At 31 March 2025

-

181

3,142

-

3,323

At 31 May 2024

-

1,135

2,897

28,540

32,572

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

and 31 March 2025

6,425

PROVISIONS

At 1 June 2024

and 31 March 2025

6,425

NET BOOK VALUE

At 31 March 2025

-

At 31 May 2024

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.5.24

£

£

Trade debtors

111,865

127,633

Tax

-

1,662

Prepayments and accrued income

8,337

11,705

120,202

141,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.5.24

£

£

Trade creditors

45,401

56,288

Social security and other taxes

4,317

1,349

VAT

27,584

24,057

Directors' loan accounts

-

11,925

Accruals and deferred income

5,397

3,872

82,699

97,491

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.5.24

£

£

Within one year

11,340

19,750

Between one and five years

-

1,645

11,340

21,395