Company Registration No. 02884374 (England and Wales)
Gainlink Limited
Unaudited accounts
for the year ended 31 January 2022
Gainlink Limited
Company Information
for the year ended 31 January 2022
Directors
M Socrates
K Anderson (Miss)
Company Number
02884374 (England and Wales)
Registered Office
2 PAUL GARDENS
CROYDON
SURREY
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
Gainlink Limited
Accountants' report
Accountants' report to the board of directors of Gainlink Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gainlink Limited for the year ended
31 January 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gainlink Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gainlink Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gainlink Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gainlink Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gainlink Limited. You consider that Gainlink Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gainlink Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
9 March 2022
Gainlink Limited
Statement of financial position
as at 31 January 2022
Cash at bank and in hand
6,863
361
Creditors: amounts falling due within one year
(5,899)
(1,797)
Net current assets/(liabilities)
964
(1,436)
Net assets/(liabilities)
1,901
(186)
Called up share capital
2
2
Profit and loss account
1,899
(188)
Shareholders' funds
1,901
(186)
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 March 2022 and were signed on its behalf by
M Socrates
Director
Company Registration No. 02884374
Gainlink Limited
Notes to the Accounts
for the year ended 31 January 2022
Gainlink Limited is a private company, limited by shares, registered in England and Wales, registration number 02884374. The registered office is 2 PAUL GARDENS, CROYDON, SURREY, CR0 5QL. The principal place of business is 15 Vaughan Road, London, SE15 4AA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance basis
The principal activity of the Company is that of Graphic Designers and Photographers.
The Directors recommends the payment of a Dividend of £2000 (2021 - nil)
The company's forecast and projections taking account of reasonable changes in trading performance indicate that the company plans to operate within the cash generated.
The Director acknowledges that there is a level of uncertainty in the general economic environment which may impact the trading position of its customers and suppliers. The Director has undertaken a thorough review of the company's forecast and associated risk. The extent of this review takes into account then current economic environment.
The Director confirms that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the statutory financial statements.
Gainlink Limited
Notes to the Accounts
for the year ended 31 January 2022
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,183
83
Allotted, called up and fully paid:
2 Ordinary shares - M Socrates of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
