TRADER LYNK LIMITED - Accounts to registrar - small 16.3

REGISTERED NUMBER: 08349442 (England and Wales)

Unaudited Financial Statements

for the Period

1 July 2016 to 31 December 2016

for

TRADER LYNK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

C MANDERSON

G S TAKHAR

P J KRISKINANS

B OLAJIDE

SECRETARY:

NORTHSIDE COMPANY SECRETARIAL SERVICES LIMITED

REGISTERED OFFICE:

78 MILL LANE

LONDON

NW6 1JZ

REGISTERED NUMBER:

08349442 (England and Wales)

ACCOUNTANTS:

ALAN HEYWOOD & COMPANY LLP.

CHARTERED ACCOUNTANTS

& BUSINESS ADVISORS

78 MILL LANE

LONDON

NW6 1JZ

FIXED ASSETS

Intangible assets

3

100,000

100,000

CURRENT ASSETS

Debtors

4

6,474

5,070

Cash at bank

2,603

-

9,077

5,070

CREDITORS

Amounts falling due within one year

5

537,096

435,302

NET CURRENT LIABILITIES

(528,019

)

(430,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(428,019

)

(330,232

)

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

149,980

149,980

Retained earnings

(578,099

)

(480,312

)

SHAREHOLDERS' FUNDS

(428,019

)

(330,232

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 March 2017 and were signed on its behalf by:

C MANDERSON - Director

1.	STATUTORY INFORMATION

TRADER LYNK LIMITED is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis due to ongoing financial support from

the investors.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and

that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2016

and 31 December 2016

100,000

NET BOOK VALUE

At 31 December 2016

100,000

At 30 June 2016

100,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

30.6.16

£

£

Other debtors

6,474

5,070

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

30.6.16

£

£

Bank loans and overdrafts

-

6,201

Investor loans

502,577

385,382

Trade creditors

157

20,803

PAYE payable

2,304

2,303

Accrued expenses

32,058

20,613

537,096

435,302

The following reproduces the text of the report prepared for the directors and members in respect

of the company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of TRADER LYNK LIMITED for the period ended 31 December 2016

which comprise the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TRADER LYNK LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TRADER LYNK LIMITED and state those matters that we have agreed to state to the Board of Directors of TRADER LYNK LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRADER LYNK LIMITED Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TRADER LYNK LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TRADER LYNK LIMITED. You consider that TRADER LYNK LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of TRADER LYNK 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 financial statements.

ALAN HEYWOOD & COMPANY LLP.

CHARTERED ACCOUNTANTS

& BUSINESS ADVISORS

78 MILL LANE

LONDON

NW6 1JZ

15 March 2017