Link Up Estate Agency Ltd
Link Up Estate Agency Ltd
Registered number: 08427062
Unaudited Financial Statements
For The Year Ended
31 March 2023
Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Link Up Estate Agency Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Page 1
Link Up Estate Agency Ltd
Company Information
For The Year Ended
31 March 2023
Company Information
| Director |
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| Secretary |
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| Company Number |
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| Registered Office | 5 Hillingdon Parade |
| Uxbridge Road | |
| Uxbridge | |
| UB10 0PE | |
| Accountants |
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| Certified Accountants | |
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| 120 Bunns Lane | |
| Mill Hill | |
| London | |
| NW7 2AS | |
Page 1
Page 2
Link Up Estate Agency Ltd
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
08427062
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets |
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| Investments |
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| CURRENT ASSETS | |||||
| Cash at bank |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 75,468 | 99,986 | |||
Page 2
Page 3
Link Up Estate Agency Ltd
Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
|
Director
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Link Up Estate Agency Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Link Up Estate Agency Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08427062
. The registered office is 5 Hillingdon Parade, Uxbridge Road, Uxbridge, UB10 0PE.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
|
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.5.
Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Page 5
Link Up Estate Agency Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
2.6.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
4.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
5.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Corporation tax |
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| Other taxes and social security |
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- | |
| VAT |
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| Director's loan account |
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- | |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| Other creditors |
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| Other creditors - Client Security Deposit |
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7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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8.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr Abimbola Akingbade
by virtue of his ownership of 100% of the issued share capital in the company.
Page 5