Link365 Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07745089

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

LINK365 LTD

TRADING AS

INSIGHT PTS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr G Somers

REGISTERED OFFICE:

7 St John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

07745089

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

2

13,248

17,460

CURRENT ASSETS

Stocks

68,100

30,000

Debtors

36,566

10,766

Cash at bank

19,275

2,392

123,941

43,158

CREDITORS

Amounts falling due within one year

117,965

80,607

NET CURRENT ASSETS/(LIABILITIES)

5,976

(37,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,224

(19,989

)

CAPITAL AND RESERVES

Called up share capital

3

20,000

1

Profit and loss account

(776

)

(19,990

)

SHAREHOLDERS' FUNDS

19,224

(19,989

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 May 2015 and were signed by:

Mr G Somers - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Going concern

Where current liabilities exceed current assets the director considers the ability of the company to continue to meet

its liabilities from liquid assets as and when the liabilities fall due. The director also considers the support given to

the company by its creditors. If the director is satisfied that the company can meet its liabilities as and when the fall

due, and that the company has sufficient support from its creditors, the accounts are prepared on a going concern

basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

30,905

Additions

204

At 31 December 2014

31,109

DEPRECIATION

At 1 January 2014

13,445

Charge for year

4,416

At 31 December 2014

17,861

NET BOOK VALUE

At 31 December 2014

13,248

At 31 December 2013

17,460

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

20,000

Ordinary

1

20,000

1

19,999 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.