Link Up Lettings Limited - Abbreviated accounts 16.3

Link Up Lettings Limited - Abbreviated accounts 16.3

LINK UP LETTINGS LTD - Company Information

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REGISTERED NUMBER: 04521569 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 31 DECEMBER 2014 TO 29 DECEMBER 2015

FOR

LINK UP LETTINGS LIMITED

LINK UP LETTINGS LIMITED (REGISTERED NUMBER: 04521569)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 31 DECEMBER 2014 TO 29 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LINK UP LETTINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2014 TO 29 DECEMBER 2015







DIRECTORS: S Simmonds
Mrs L D Simmonds





SECRETARY: S Simmonds





REGISTERED OFFICE: The Property Shop
50 St James Street
Brighton
East Sussex
BN2 1SQ





REGISTERED NUMBER: 04521569 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
Page 1
LINK UP LETTINGS LIMITED (REGISTERED NUMBER: 04521569)

ABBREVIATED BALANCE SHEET
29 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 79,384 85,705
79,384 85,705

CURRENT ASSETS
Debtors 1,659,419 1,163,190
Cash at bank - 46,019
1,659,419 1,209,209
CREDITORS
Amounts falling due within one year 1,111,139 713,374
NET CURRENT ASSETS 548,280 495,835
TOTAL ASSETS LESS CURRENT
LIABILITIES
627,664
581,540

PROVISIONS FOR LIABILITIES 2,444 3,159
NET ASSETS 625,220 578,381

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 625,120 578,281
SHAREHOLDERS' FUNDS 625,220 578,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2015 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 22 December 2016 and were signed on its behalf
by:





S Simmonds - Director


The notes form part of these abbreviated accounts

Page 2
LINK UP LETTINGS LIMITED (REGISTERED NUMBER: 04521569)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 31 DECEMBER 2014 TO 29 DECEMBER 2015

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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to
consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided
Long leasehold - over term of lease
Fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from
the inclusion of items of income and expenditure in taxation computations in periods different from those in
which they are included in financial statements. Deferred tax is not provided on timing differences arising from
the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities
are not discounted.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 31 December 2014
and 29 December 2015 19,516
AMORTISATION
At 31 December 2014
and 29 December 2015 19,516
NET BOOK VALUE

At 29 December 2015 -
At 30 December 2014 -

Page 3 continued...
LINK UP LETTINGS LIMITED (REGISTERED NUMBER: 04521569)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 31 DECEMBER 2014 TO 29 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 31 December 2014 126,241
Additions 1,407
Disposals (7,000 )
At 29 December 2015 120,648
DEPRECIATION
At 31 December 2014 40,536
Charge for period 5,513
Eliminated on disposal (4,785 )
At 29 December 2015 41,264
NET BOOK VALUE
At 29 December 2015 79,384
At 30 December 2014 85,705

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, S Simmonds increased his loan to the company. As at 29 December 2015, the company owed
him £527,191 (2014: £277,351). This balance represented the maximum amount outstanding during the year
and the loan is interest free and repayable on demand.

Page 4