Link Up Lettings Limited - Limited company - abbreviated - 11.6

Link Up Lettings Limited - Limited company - abbreviated - 11.6

LINK UP LETTINGS LTD - Company Information

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REGISTERED NUMBER: 04521569 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 DECEMBER 2013

FOR

LINK UP LETTINGS LIMITED

LINK UP LETTINGS LIMITED (REGISTERED NUMBER: 04521569)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LINK UP LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2013







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
30 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 84,371 82,680
84,371 82,680

CURRENT ASSETS
Debtors 1,096,279 840,897
Cash at bank 61,181 60,140
1,157,460 901,037
CREDITORS
Amounts falling due within one year 753,281 640,106
NET CURRENT ASSETS 404,179 260,931
TOTAL ASSETS LESS CURRENT
LIABILITIES
488,550
343,611

PROVISIONS FOR LIABILITIES 2,395 2,930
NET ASSETS 486,155 340,681

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 486,055 340,581
SHAREHOLDERS' FUNDS 486,155 340,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2013 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 12 December 2014 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 YEAR ENDED 30 DECEMBER 2013

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 2012
and 30 December 2013 19,516
AMORTISATION
At 31 December 2012
and 30 December 2013 19,516
NET BOOK VALUE

At 30 December 2013 -
At 30 December 2012 -

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

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 31 December 2012 109,065
Additions 8,481
At 30 December 2013 117,546
DEPRECIATION
At 31 December 2012 26,385
Charge for year 6,790
At 30 December 2013 33,175
NET BOOK VALUE
At 30 December 2013 84,371
At 30 December 2012 82,680

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, S Simmonds increased his loan to the company. As at 31 December 2013, the company owed
him £291,445 (2012: £148,000). This balance represented the maximum amount outstanding during the year and
the loan is interest free and repayable on demand.

Page 4