Link Wholesalers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02565453

Link Wholesalers Limited

Filleted Unaudited Financial Statements

31 December 2025

Link Wholesalers Limited

Balance Sheet

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7	14,248	19,631
Investments	8	1	1
		--------	--------
		14,249	19,632

Current assets

Stocks		252,000	215,150
Debtors	9	25,236	36,858
Cash at bank and in hand		379,849	398,101
		---------	---------
		657,085	650,109

Creditors: amounts falling due within one year	10	( 177,220)		( 197,077)
		---------		---------
Net current assets			479,865	453,032
			---------	---------
Total assets less current liabilities			494,114	472,664

Provisions

Taxation including deferred tax	( 2,902)	( 2,614)
	---------	---------
Net assets	491,212	470,050
	---------	---------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	471,212	450,050
	---------	---------
Shareholders funds	491,212	470,050
	---------	---------

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 31st December 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 .

Link Wholesalers Limited

Balance Sheet (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 5 August 2026 , and are signed on behalf of the board by:

Mr K J Dadhania

Director

Company registration number: 02565453

Link Wholesalers Limited

Notes to the Financial Statements

Year ended 31st December 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 & 2, High Street, Oadby, Leicester, LE2 5DE.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Valuation of investment property: The valuation of the company's investment property is inherently subjective due to, among other factors, the nature of the property, its location and the expected future rental revenues from that particular property. As a result, the valuation the company places on its investment property is subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of volatility or low transaction flow in the property market.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenues are recognised when the significant risks and rewards of ownership of the goods are transferred to the customer, the sale price agreed and the receipt of payment can be assumed.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Short leasehold property	-	Over the life of the lease
Plant and machinery	-	20% straight line
Fixtures, fitting and equipment	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution scheme for its employees under Auto Enrolment Scheme. Contributions payable are charged to the profit and loss account in the year they are payable.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	126,000	–
	---------	----

6. Intangible assets

	Goodwill
	£
Cost
At 1st January 2025 and 31st December 2025	20,000
	--------
Amortisation
At 1st January 2025 and 31st December 2025	20,000
	--------
Carrying amount
At 31st December 2025	–
	--------
At 31st December 2024	–
	--------

7. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1st January 2025	19,805	7,250	20,691	47,746
Additions	–	–	1,462	1,462
	--------	-------	--------	--------
At 31st December 2025	19,805	7,250	22,153	49,208
	--------	-------	--------	--------
Depreciation
At 1st January 2025	15,405	5,349	7,361	28,115
Charge for the year	4,400	380	2,065	6,845
	--------	-------	--------	--------
At 31st December 2025	19,805	5,729	9,426	34,960
	--------	-------	--------	--------
Carrying amount
At 31st December 2025	–	1,521	12,727	14,248
	--------	-------	--------	--------
At 31st December 2024	4,400	1,901	13,330	19,631
	--------	-------	--------	--------

8. Investments

	Other investments other than loans
	£
Cost
At 1st January 2025 and 31st December 2025	1
	----
Impairment
At 1st January 2025 and 31st December 2025	–
	----

Carrying amount
At 31st December 2025	1
	----
At 31st December 2024	1
	----

9. Debtors

	2025	2024
	£	£
Trade debtors	11,077	21,122
Prepayments and accrued income	14,159	15,736
	--------	--------
	25,236	36,858
	--------	--------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	64,502	82,599
Accruals and deferred income	550	1,135
Corporation tax	49,983	54,562
Social security and other taxes	50,446	46,568
Director loan accounts	4,371	4,371
Other creditors	7,368	7,842
	---------	---------
	177,220	197,077
	---------	---------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	101,613	154,413
	---------	---------