Repair Link Limited - Abbreviated accounts

Repair Link Limited - Abbreviated accounts


Registered number
04754519
Repair Link Limited
Abbreviated Accounts
30 September 2016
Repair Link Limited
Registered number: 04754519
Abbreviated Balance Sheet
as at 30 September 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 15,518 22,195
Current assets
Debtors 262,754 234,221
Cash at bank and in hand 235,656 239,473
498,410 473,694
Creditors: amounts falling due within one year (225,738) (244,746)
Net current assets 272,672 228,948
Total assets less current liabilities 288,190 251,143
Provisions for liabilities (400) (1,142)
Net assets 287,790 250,001
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 287,690 249,901
Shareholders' funds 287,790 250,001
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J Ingham
Director
Approved by the board on 17 February 2017
Repair Link Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 20% 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.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 October 2015 51,158
At 30 September 2016 51,158
Depreciation
At 1 October 2015 28,963
Charge for the year 6,677
At 30 September 2016 35,640
Net book value
At 30 September 2016 15,518
At 30 September 2015 22,195
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Ingham
Loan 1 7,001 - (7,001) -
7,001 - (7,001) -
Interest is charged at HMRC published rates for beneficial loans and repayable on demand.
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