Linkstud PSR Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07110510 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Linkstud PSR Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

2,814

3,238

CURRENT ASSETS

Stocks

6,067

8,159

Debtors

75,113

84,024

Cash at bank

100,841

7,022

182,021

99,205

CREDITORS

Amounts falling due within one year

136,570

90,740

NET CURRENT ASSETS

45,451

8,465

TOTAL ASSETS LESS CURRENT LIABILITIES

48,265

11,703

CREDITORS

Amounts falling due after more than one year

3

(100

)

(100

)

PROVISIONS FOR LIABILITIES

(563

)

-

NET ASSETS

47,602

11,603

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

47,502

11,503

SHAREHOLDERS' FUNDS

47,602

11,603

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 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 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 Board of Directors on 29 May 2015 and were signed on its behalf by:

S Bell - Director

Mrs J Bell - Director

D Washington - 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.

In accordance with UITF40, revenue is recognised as the company becomes entitled to consideration for the

goods and services supplied. Therefore, turnover also includes the element of work completed but not yet

invoiced.

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

-

50% on cost

Computer and office equipment

-

50% on cost

Stocks

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

moving items.

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

10,835

Additions

5,627

At 31 December 2014

16,462

DEPRECIATION

At 1 January 2014

7,597

Charge for year

6,051

At 31 December 2014

13,648

NET BOOK VALUE

At 31 December 2014

2,814

At 31 December 2013

3,238

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.14

31.12.13

£

£

Repayable by instalments

100

100

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Preference

£1

100

100

Preference shares represent non-equity interests stated at par value. Dividends are payable annually at £25 net of

tax credit for a period of ten years from commencement date of 28 February 2012, and are cumulative.

After 28 February 2022 the shares shall be entitled to receive dividends at the same rate as the A shares. The

shares have a priority over ordinary shares in the event of an earlier winding up (to the extent of their par value)

and have no vote.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

25

A

£1

25

25

25

B

£1

25

25

30

C

£1

30

30

20

D

£1

20

20

100

100