Company Registration No. 09115472 (England and Wales)
LINK STAR BUSINESS LIMITED
Unaudited accounts
for the year ended 31 July 2019
LINK STAR BUSINESS LIMITED
Unaudited accounts
Contents
LINK STAR BUSINESS LIMITED
Company Information
for the year ended 31 July 2019
Directors
Muhammad Afzal Shaheen
Atta Ur Rahman
Company Number
09115472 (England and Wales)
Registered Office
21 Dudley Road
Ilford
Essex
IG1 1ET
Accountants
SMARTAX ACCOUNTANTS
OFFICE 3, 12B HIGHVIEW PARADE
WOODFORD AVENUE
ILFORD
ESSEX
IG4 5EP
LINK STAR BUSINESS LIMITED
Statement of financial position
as at
31 July 2019
Tangible assets
1,734
2,312
Inventories
163,763
108,656
Cash at bank and in hand
2,251
22,009
Creditors: amounts falling due within one year
(214,593)
(148,693)
Net current (liabilities)/assets
(46,579)
9,532
Net (liabilities)/assets
(44,845)
11,844
Called up share capital
100
100
Profit and loss account
(44,945)
11,744
Shareholders' funds
(44,845)
11,844
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2020 and were signed on its behalf by
Muhammad Afzal Shaheen
Director
Company Registration No. 09115472
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2019
LINK STAR BUSINESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09115472. The registered office is 21 Dudley Road , Ilford, Essex, IG1 1ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2018
2,250
2,178
4,428
At 31 July 2019
2,250
2,178
4,428
At 1 August 2018
563
1,553
2,116
Charge for the year
422
156
578
At 31 July 2019
985
1,709
2,694
At 31 July 2019
1,265
469
1,734
At 31 July 2018
1,687
625
2,312
Finished goods
163,763
108,656
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2019
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
3,166
10,461
Other creditors
64,612
34,202
Loans from directors
145,415
93,630
Directors' Loan Account:
At the balance sheet date the Directors made £93630 loan available to the company. The amount is interest free, unsecured and is subordinated in favour of the third party creditors.
The ultimate controlling parties are Mr Muhammad Afzal Shaheen and Mr Atta Ur Rahman who are the directors and hold 50% share each.
9
Average number of employees
During the year the average number of employees was 10 (2018: 6).