Company Registration No. 09115472 (England and Wales)
LINK STAR BUSINESS LIMITED
Unaudited accounts
for the year ended 31 July 2017
LINK STAR BUSINESS LIMITED
Unaudited accounts
Contents
LINK STAR BUSINESS LIMITED
Company Information
for the year ended 31 July 2017
Directors
Muhammad Afzal Shaheen
Atta Ur Rahman
Company Number
09115472 (England and Wales)
Registered Office
Office 1
207 Cranbrook Road
Ilford
IG1 4TD
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 2017
Cash at bank and in hand
22,698
4,626
Creditors: amounts falling due within one year
(79,494)
(12,056)
Net current assets
4,704
1,287
Called up share capital
100
100
Profit and loss account
4,941
1,860
Shareholders' funds
5,041
1,960
For the year ending 31 July 2017 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.
Approved by the Board on 26 April 2018.
Muhammad Afzal Shaheen
Director
Company Registration No. 09115472
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2017
LINK STAR BUSINESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09115472. The registered office is Office 1, 207 Cranbrook Road, Ilford, IG1 4TD.
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.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
25% Straight Line
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Trade debtors
35,660
8,717
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
13,102
3,727
Loans from directors
38,754
7,829
Directors' Loan Account:
At the balance sheet date the Directors made £38,754 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 6 (2016: 0).