Link Distribution (UK) Limited - Accounts to registrar (filleted) - small 18.2

Link Distribution (UK) Limited - Accounts to registrar (filleted) - small 18.2


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LINK DISTRIBUTION (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019






LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINK DISTRIBUTION (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTORS: D Donaldson
C Donaldson
Mrs N Donaldson
Mrs S Donaldson
F Blakemore





SECRETARY: Mrs N Donaldson





REGISTERED OFFICE: Unit 4A
Sapper Jordan Rossi Park
Baildon
Shipley
West Yorkshire
BD17 7AX





REGISTERED NUMBER: 06290203 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

BALANCE SHEET
30 JUNE 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 906,757 56,102

CURRENT ASSETS
Stocks 539,113 239,027
Debtors 5 1,160,935 1,340,129
Cash at bank and in hand 688,657 1,475,131
2,388,705 3,054,287
CREDITORS
Amounts falling due within one year 6 1,240,468 1,098,497
NET CURRENT ASSETS 1,148,237 1,955,790
TOTAL ASSETS LESS CURRENT LIABILITIES 2,054,994 2,011,892

CREDITORS
Amounts falling due after more than one year 7 (77,119 ) -

PROVISIONS FOR LIABILITIES 9 (46,466 ) (14,849 )
NET ASSETS 1,931,409 1,997,043

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Capital redemption reserve 332 332
Retained earnings 1,930,077 1,995,711
SHAREHOLDERS' FUNDS 1,931,409 1,997,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

BALANCE SHEET - continued
30 JUNE 2019


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 on 3 April 2020 and were signed on its behalf by:




D Donaldson - Director



C Donaldson - Director


LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019


1. STATUTORY INFORMATION

Link Distribution (UK) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


2. ACCOUNTING POLICIES - continued
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.

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 12 (2018 - 17 ) .

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2018 - 42,387 55,516
Additions 445,585 235,752 36,941
At 30 June 2019 445,585 278,139 92,457
DEPRECIATION
At 1 July 2018 - 40,343 35,005
Charge for year - 23,780 11,490
At 30 June 2019 - 64,123 46,495
NET BOOK VALUE
At 30 June 2019 445,585 214,016 45,962
At 30 June 2018 - 2,044 20,511

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2018 1,589 45,580 15,740 160,812
Additions 5,507 181,455 5,118 910,358
At 30 June 2019 7,096 227,035 20,858 1,071,170
DEPRECIATION
At 1 July 2018 979 23,136 5,247 104,710
Charge for year 1,223 18,058 5,152 59,703
At 30 June 2019 2,202 41,194 10,399 164,413
NET BOOK VALUE
At 30 June 2019 4,894 185,841 10,459 906,757
At 30 June 2018 610 22,444 10,493 56,102

The net book value of tangible fixed assets includes £ 120,305 in respect of assets held under hire purchase
contracts.

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade debtors 578,652 887,758
Other debtors 122,350 109,590
Directors' current accounts 304,992 297,398
VAT 94,201 -
Prepayments 60,740 45,383
1,160,935 1,340,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Bank loans and overdrafts 309,099 -
Hire purchase contracts 44,237 -
Trade creditors 750,412 492,309
Tax 28,855 148,545
Social security and other taxes 2,427 6,027
VAT - 88,838
Other creditors 5,220 6,120
Company credit and visa cards 74,837 227,728
Accrued expenses 25,381 128,930
1,240,468 1,098,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.19 30.6.18
£    £   
Hire purchase contracts 77,119 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.19 30.6.18
£    £   
Hire purchase contracts 121,356 -

The hire purchase debt liability is secured by a charge over the specific asset concerned.

9. PROVISIONS FOR LIABILITIES
30.6.19 30.6.18
£    £   
Deferred tax 46,466 14,849

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2018 14,849
Accelerated Capital Allowances 31,617
Balance at 30 June 2019 46,466

The entire provision for deferred taxation relates to accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.19 30.6.18
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2019 and 30 June 2018:

30.6.19 30.6.18
£    £   
D Donaldson
Balance outstanding at start of year 102,584 83,443
Amounts advanced 97,996 19,141
Amounts repaid (89,970 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,610 102,584

C Donaldson
Balance outstanding at start of year 102,409 83,179
Amounts advanced 97,893 19,230
Amounts repaid (90,065 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,237 102,409

LINK DISTRIBUTION (UK) LIMITED (REGISTERED NUMBER: 06290203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N Donaldson
Balance outstanding at start of year 46,202 16,687
Amounts advanced 74,331 29,515
Amounts repaid (78,461 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,072 46,202

Mrs S Donaldson
Balance outstanding at start of year 46,202 16,687
Amounts advanced 74,331 29,515
Amounts repaid (78,461 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,072 46,202

The Director's loan accounts are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The directors' acting together control the company.