Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312No description of principal activity2022-08-012truetruetrue 08573556 2022-08-01 2023-07-31 08573556 2021-08-01 2022-07-31 08573556 2023-07-31 08573556 2022-07-31 08573556 1 2022-08-01 2023-07-31 08573556 d:Director1 2022-08-01 2023-07-31 08573556 d:Director2 2022-08-01 2023-07-31 08573556 d:RegisteredOffice 2022-08-01 2023-07-31 08573556 c:FurnitureFittings 2022-08-01 2023-07-31 08573556 c:FurnitureFittings 2023-07-31 08573556 c:FurnitureFittings 2022-07-31 08573556 c:CurrentFinancialInstruments 2023-07-31 08573556 c:CurrentFinancialInstruments 2022-07-31 08573556 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 08573556 c:CurrentFinancialInstruments c:WithinOneYear 2022-07-31 08573556 c:ShareCapital 2023-07-31 08573556 c:ShareCapital 2022-07-31 08573556 c:RetainedEarningsAccumulatedLosses 2023-07-31 08573556 c:RetainedEarningsAccumulatedLosses 2022-07-31 08573556 d:EntityHasNeverTraded 2022-08-01 2023-07-31 08573556 d:FRS102 2022-08-01 2023-07-31 08573556 d:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08573556 d:FullAccounts 2022-08-01 2023-07-31 08573556 d:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08573556 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 08573556







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


MICROLINK GLOBAL LIMITED






































img338f.png                        

 


MICROLINK GLOBAL LIMITED
 


 
COMPANY INFORMATION


Directors
Mr V D Ganjavian 
Dr N Siabi 




Registered number
08573556



Registered office
Microlink House
Brickfield Lane

Chandlers Ford

Eastleigh

SO53 4DP




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


MICROLINK GLOBAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


MICROLINK GLOBAL LIMITED
REGISTERED NUMBER:08573556



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3,805
3,805

  
3,805
3,805

  

Creditors: amounts falling due within one year
 5 
(43,644)
(43,644)

Net current liabilities
  
 
 
(43,644)
 
 
(43,644)

Total assets less current liabilities
  
(39,839)
(39,839)

  

Net liabilities
  
(39,839)
(39,839)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(39,849)
(39,849)

  
(39,839)
(39,839)


Page 1

 


MICROLINK GLOBAL LIMITED
REGISTERED NUMBER:08573556


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

For the year ended 31 July 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Dr N Siabi
Director

Date: 28 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MICROLINK GLOBAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


Statement of compliance

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Microlink Global Limited is a private company, limited by shares, which is incorporated and domiciled in the United
Kingdom. The address of its registered office, which is also the same as its principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future because of support provided by companies within the Group. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 


MICROLINK GLOBAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 


MICROLINK GLOBAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 August 2022
4,471



At 31 July 2023

4,471



Depreciation


At 1 August 2022
4,471



At 31 July 2023

4,471



Net book value



At 31 July 2023
-



At 31 July 2022
-


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
3,805



At 31 July 2023
3,805





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
43,644
43,644

43,644
43,644


Page 5

 


MICROLINK GLOBAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Related party transactions

The Company has taken advantage of the exemption in Financial Reporting Standard Section 33 from the requirement to disclose transactions with group companies on the grounds that they are consolidated in a wholly owned group.


7.


Post balance sheet events

On 18 August 2023, a new subsidiary was set up in India called Microlink Assistive Technologies India Pvt. Ltd which commenced trading on 1 September 2023. This subsidiary is wholly owned by Microlink Global Limited.


8.


Ultimate parent undertaking and controlling party

The ultimate controlling party is Mr V Ganjavian.
The ultimate parent company is considered to be MLPC Parent Limited, a company incorporated in England and Wales. The immediate parent of Microlink Global Limited is Microlink PC (UK) Limited. The largest and smallest company which prepared group accounts in the group is MLPC Parent Limited. 
Consolidated accounts for the group are available from:
          Microlink House
          Brickfield Lane
          Chandlers Ford
          Hampshire
          SO53 4DP

Page 6