Linkmore Business Communications Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03850825 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Linkmore Business Communications

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Duffy

Mrs C Duffy

SECRETARY:

Mrs C Duffy

REGISTERED OFFICE:

Harmile House

54 St Marys Lane

Upminster

Essex

RM14 2QP

BUSINESS ADDRESS:

Unit 10, Hayley's Manor

Uplands Road

Thornwood

Epping

Essex

CM16 6PQ

REGISTERED NUMBER:

03850825 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,051

17,711

21,051

17,711

CURRENT ASSETS

Debtors

6

57,255

66,244

Cash at bank and in hand

28,145

10,448

85,400

76,692

CREDITORS

Amounts falling due within one year

7

105,121

91,267

NET CURRENT LIABILITIES

(19,721

)

(14,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,330

3,136

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

330

2,136

SHAREHOLDERS' FUNDS

1,330

3,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 28 February 2018 and were signed on its behalf by:

S J Duffy - Director

1.	STATUTORY INFORMATION

Linkmore Business Communications 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.

This is the first year the company has adopted FRS 102 and there has been no restatement of the prior year

results and the only changes required relate to presentation and disclosure within the financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

CONTRACT RIGHTS

Contract Rights are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost

in equal annual instalments over their estimated useful lives.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

TAXATION

Taxation for the year 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 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 year 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2016

and 30 April 2017

2,454

AMORTISATION

At 1 May 2016

and 30 April 2017

2,454

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

68,305

Additions

8,866

Disposals

(11,404

)

At 30 April 2017

65,767

DEPRECIATION

At 1 May 2016

50,594

Charge for year

5,031

Eliminated on disposal

(10,909

)

At 30 April 2017

44,716

NET BOOK VALUE

At 30 April 2017

21,051

At 30 April 2016

17,711

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

33,924

24,917

Other debtors

23,331

41,327

57,255

66,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

62,155

37,326

Taxation and social security

33,957

38,801

Other creditors

9,009

15,140

105,121

91,267

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2017 and the period

ended 30 April 2016:

30.4.17

30.4.16

£

£

S J Duffy and Mrs C Duffy

Balance outstanding at start of year

33,395

19,877

Amounts advanced

47,363

81,518

Amounts repaid

(64,014

)

(68,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,744

33,395

Loans are repayable on demand. Interest is charged on overdrawn balances at approved Revenue rates and

£891(2016: £2,232) credited to the profit & loss account in period under review.