Link Information Technology Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04302493 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

LINK INFORMATION TECHNOLOGY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Marshall

R P Antrobus

REGISTERED OFFICE:

25, Grosvenor Rd

Wrexham

LL11 1BT

REGISTERED NUMBER:

04302493 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25, Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

City Office

4 Dale Street

Liverpool

L69 2BZ

FIXED ASSETS

Tangible assets

2

1,967

2,254

CURRENT ASSETS

Stocks

24,500

34,000

Debtors

21,137

29,145

Cash at bank

136

136

45,773

63,281

CREDITORS

Amounts falling due within one year

3

39,273

61,552

NET CURRENT ASSETS

6,500

1,729

TOTAL ASSETS LESS CURRENT LIABILITIES

8,467

3,983

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,367

3,883

SHAREHOLDERS' FUNDS

8,467

3,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 11th June 2015 and were signed on its behalf by:

R P Antrobus - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

50% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

63,058

Additions

1,228

Disposals

(1,676

)

At 31st December 2014

62,610

DEPRECIATION

At 1st January 2014

60,804

Charge for year

1,512

Eliminated on disposal

(1,673

)

At 31st December 2014

60,643

NET BOOK VALUE

At 31st December 2014

1,967

At 31st December 2013

2,254

3.

CREDITORS

Creditors include an amount of £ 11,491 (31.12.13 - £ 28,685 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100