Company Registration No. 09115472 (England and Wales)
LINK STAR BUSINESS LIMITED
Unaudited accounts
for the year ended 31 July 2018
LINK STAR BUSINESS LIMITED
Unaudited accounts
Contents
LINK STAR BUSINESS LIMITED
Company Information
for the year ended 31 July 2018
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 2018
Tangible assets
2,312
337
Inventories
108,656
25,840
Cash at bank and in hand
22,009
22,698
Creditors: amounts falling due within one year
(148,693)
(79,494)
Net current assets
9,532
4,704
Called up share capital
100
100
Profit and loss account
11,744
4,941
Shareholders' funds
11,844
5,041
For the year ending 31 July 2018 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 17 August 2018.
Muhammad Afzal Shaheen
Director
Company Registration No. 09115472
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2018
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.
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
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2017
-
1,345
1,345
Additions
2,250
833
3,083
At 31 July 2018
2,250
2,178
4,428
At 1 August 2017
-
1,008
1,008
Charge for the year
563
545
1,108
At 31 July 2018
563
1,553
2,116
At 31 July 2018
1,687
625
2,312
At 31 July 2017
-
337
337
Finished goods
108,656
25,840
LINK STAR BUSINESS LIMITED
Notes to the Accounts
for the year ended 31 July 2018
Trade debtors
27,560
35,660
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
9,000
19,125
Taxes and social security
10,461
13,102
Other creditors
34,202
7,113
Loans from directors
93,630
38,754
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.
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Average number of employees
During the year the average number of employees was 6 (2017: 6).