Corporate Linx Limited - Abbreviated accounts

CORPORATE LINX LIMITED - Company Information

Registered number

07067694

Corporate Linx Limited

Abbreviated Accounts

31 December 2015

Corporate Linx Limited
Registered number:		07067694
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		317			531

Current assets
Debtors		2,959			168,599
Cash at bank and in hand		2,023			2,198
		4,982			170,797

Creditors: amounts falling due within one year		(45,631)			(202,585)

Net current liabilities			(40,649)			(31,788)

Total assets less current liabilities			(40,332)			(31,257)


Provisions for liabilities			(63)			(106)


Net liabilities			(40,395)			(31,363)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(40,396)			(31,364)

Shareholder's funds			(40,395)			(31,363)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



T Randle
Director
Approved by the board on 26 September 2016

Corporate Linx Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 amounts chargeable to clients for the provision of professional services that have been provided during the year. These amounts include direct recoverable expenses incurred but exclude VAT. The company recognises income at the point where it obtains the right to consideration. Amounts unbilled at the year end are included within other debtors. The excess of the right to consideration over invoiced amounts is shown within other creditors.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	IT equipment			50% straight line
	Office equipment			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					6,041
	Additions					634
	At 31 December 2015					6,675

	Depreciation
	At 1 January 2015					5,510
	Charge for the year					848
	At 31 December 2015					6,358

	Net book value
	At 31 December 2015					317
	At 31 December 2014					531


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1


4	Going concern

	The accounts have been prepared on the going concern basis. The shareholders have confirmed that they will continue to provide finance to enable the company to meet its financial obligations for a period of at least one year.