LYNKU_LIMITED - Accounts

LYNKU LIMITED - Company Information

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Company Registration No. 05643274 (England and Wales)

LYNKU LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

LYNKU LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LYNKU LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

as restated

Notes

Current assets

Debtors

38,353

42,900

Cash at bank and in hand

419

38,353

43,319

Creditors: amounts falling due within one year

(76,576)

(81,258)

Total assets less current liabilities

(38,223)

(37,939)

Creditors: amounts falling due after more than one year

(151,569)

(131,891)

(189,792)

(169,830)

Capital and reserves

Called up share capital

Share premium account

666,089

656,081

Profit and loss account

(855,884)

(825,914)

Shareholders' funds

(189,792)

(169,830)

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 15 April 2016

Mr R Gorton

Director

Company Registration No. 05643274

LYNKU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Website

20% straight line

1.5

Going concern

The financial statements have been prepared on the going concern basis, on the basis that Creditors - Amounts falling due after more than one year total of £151,569, which represents Loan Stock, is repayable to holders only on the sale of the Company or should funds be available to the Company to prudently enable its repayment; there being no specific repayment date.

Share capital

2016

2015

Allotted, called up and fully paid

30,865 Ordinary of £0.0001 each

During the year there were 865 ordinary shares issued at par with a premium of £10,008.

Prior year adjustment

During the year a creditor of £115,714, that had been incorrectly accrued in previous accounting periods, was reversed as being non-payable.