Linkit Advanced Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10013890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Linkit Advanced Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S I Sloan

K K Rotherham

REGISTERED OFFICE:

Unit 3 Barford Exchange

Wellesbourne

Barford

Warwick

Warwickshire

CV35 8AQ

REGISTERED NUMBER:

10013890 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

56,483

81,098

Investments

5

350,030

406,513

431,128

CURRENT ASSETS

Stocks

6

55,246

99,279

Debtors

7

371,045

341,850

Cash at bank

67,356

57,355

493,647

498,484

CREDITORS

Amounts falling due within one year

8

818,061

799,506

NET CURRENT LIABILITIES

(324,414

)

(301,022

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,099

130,106

CREDITORS

Amounts falling due after more than one
year

9

(31,663

)

(40,227

)

PROVISIONS FOR LIABILITIES

(10,225

)

(15,600

)

NET ASSETS

40,211

74,279

CAPITAL AND RESERVES

Called up share capital

90,818

55,818

Share premium

24,904

19,282

Retained earnings

(75,511

)

(821

)

SHAREHOLDERS' FUNDS

40,211

74,279

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

S I Sloan - Director

1.	STATUTORY INFORMATION

Linkit Advanced Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced software license fee income, support and maintenance, services income and income from the sale of hardware.

- Software license fee income is recognised in full on delivery of the license and the activation of the software.

- Support and Maintenance income is recognised in full at the point when a binding purchase order is received and the invoice raised.

- Services income is recognised in the month the services are performed.

- Income from the sale of hardware is recognised when the goods are delivered to the customer.

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.

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

18,195

3,442

6,894

Additions

-

595

-

Disposals

-

(517

)

At 31 March 2025

18,195

4,037

6,377

DEPRECIATION

At 1 April 2024

3,149

1,233

3,706

Charge for year

1,819

1,009

1,621

Eliminated on disposal

-

(404

)

At 31 March 2025

4,968

2,242

4,923

NET BOOK VALUE

At 31 March 2025

13,227

1,795

1,454

At 31 March 2024

15,046

2,209

3,188

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

73,191

14,005

115,727

Additions

-

1,742

2,337

Disposals

-

(517

)

At 31 March 2025

73,191

15,747

117,547

DEPRECIATION

At 1 April 2024

18,913

7,628

34,629

Charge for year

18,298

4,092

26,839

Eliminated on disposal

-

(404

)

At 31 March 2025

37,211

11,720

61,064

NET BOOK VALUE

At 31 March 2025

35,980

4,027

56,483

At 31 March 2024

54,278

6,377

81,098

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

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

57,191

DEPRECIATION

At 1 April 2024

12,246

Charge for year

14,298

At 31 March 2025

26,544

NET BOOK VALUE

At 31 March 2025

30,647

At 31 March 2024

44,945

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

350,030

NET BOOK VALUE

At 31 March 2025

350,030

At 31 March 2024

350,030

6.

STOCKS

31.3.25

31.3.24

£

Stocks

55,246

99,279

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

334,738

322,846

Amounts owed by group undertakings

11,376

-

Other debtors

8,948

4,247

Prepayments

15,983

14,757

371,045

341,850

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

8,138

Trade creditors

133,054

84,812

Amounts owed to group undertakings

-

325

Taxation and social security

90,929

72,427

Other creditors

585,940

633,804

818,061

799,506

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

31,663

40,227

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Hire purchase contracts

39,801

48,365

The hire purchase creditor is secured on the asset purchased under the agreement.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

S I Sloan

Balance outstanding at start of year

(616,448

)

(568,108

)

Amounts advanced

120,302

247,660

Amounts repaid

(67,148

)

(296,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(563,294

)

(616,448

)

Included within other creditors is the above amount due to the director from the company.

This amount is interest free and has no set terms of repayment.

12.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £11,376 (2024: £Nil) due to Sovereign Office Solutions Group Limited, a wholly owned subsidiary. This loan is charged at the official HMRC rate of interest with no set repayment terms.

£2,060 (2024: £320) is due from Sloan Property Enterprises Limited; a company which has common directors and shareholders. This amount is charged at the official HMRC rate of interest with no set terms of repayment.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling part is Mr S I Sloan by virtue of his majority shareholdings in the company.