Linx Electrical Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4643767

Linx Electrical Limited

Filleted Unaudited Financial Statements

31 March 2025

Linx Electrical Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		442,864		278,551

Current assets

Debtors	7	923,803	1,181,118
Cash at bank and in hand		806,238	590,252
		------------	------------
		1,730,041	1,771,370

Creditors: amounts falling due within one year	8	700,137		810,075
		------------		------------
Net current assets			1,029,904		961,295
			------------		------------
Total assets less current liabilities			1,472,768		1,239,846

Creditors: amounts falling due after more than one year	9		156,931		120,493

Provisions

Taxation including deferred tax	94,230	40,067
	------------	------------
Net assets	1,221,607	1,079,286
	------------	------------

Capital and reserves

Called up share capital	10	101	101
Profit and loss account		1,221,506	1,079,185
		------------	------------
Shareholders funds		1,221,607	1,079,286
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Linx Electrical Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Mr Kevin McCollin

Director

Company registration number: 4643767

Linx Electrical Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Mount Airy Business Park, Brough Road, Ellerker, East Yorkshire, HU15 2DB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	2% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 19 (2024: 18 ).

5. Taxation on ordinary activities

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	77,432	44,239

Deferred tax:

Origination and reversal of timing differences	33,954	10,897
	---------	--------
Taxation on ordinary activities	111,386	55,136
	---------	--------

6. Tangible assets

	Leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	71,037	82,512	40,646	429,662	623,857
Additions	–	2,210	1,467	303,518	307,195
Disposals	–	–	–	( 67,624)	( 67,624)
	--------	--------	--------	---------	---------
At 31 March 2025	71,037	84,722	42,113	665,556	863,428
	--------	--------	--------	---------	---------
Depreciation
At 1 April 2024	8,525	74,014	29,955	232,812	345,306
Charge for the year	1,421	2,672	3,032	121,534	128,659
Disposals	–	–	–	( 53,401)	( 53,401)
	--------	--------	--------	---------	---------
At 31 March 2025	9,946	76,686	32,987	300,945	420,564
	--------	--------	--------	---------	---------
Carrying amount
At 31 March 2025	61,091	8,036	9,126	364,611	442,864
	--------	--------	--------	---------	---------
At 31 March 2024	62,512	8,498	10,691	196,850	278,551
	--------	--------	--------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2025	252,226
	---------
At 31 March 2024	161,144
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	792,332	966,436
Amounts owed by participating interests	101,005	214,682
Other debtors	30,466	–
	---------	------------
	923,803	1,181,118
	---------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	352,082	523,824
Accruals and deferred income	56,933	63,380
Corporation tax	57,223	44,239
Social security and other taxes	133,501	126,844
Obligations under finance leases and hire purchase contracts	85,462	42,811
Director loan accounts	4	298
Other creditors	14,932	8,679
	---------	---------
	700,137	810,075
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	156,931	120,493
	---------	---------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
'B' Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	101	101	101	101
	----	----	----	----

11. Transactions with the directors

During the year, there were no directors' advances, credits and guarantees.