SLINK-TECH LTD

Company Registration Number:
11502413 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

SLINK-TECH LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SLINK-TECH LTD

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of the company in the year under review was that of research and experimental development and pioneering automation technology for the future-of-flight economy within the drone logistics industry.



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

A J Cox
J M Goudie
G Mcaveety


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 July 2024

And signed on behalf of the board by:
Name: A J Cox
Status: Director

SLINK-TECH LTD

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: ( 1,515 ) ( 8,446 )
Gross profit(or loss): (1,515) (8,446)
Distribution costs: 0 0
Administrative expenses: ( 506,667 ) ( 316,132 )
Other operating income: 369,930 136,953
Operating profit(or loss): (138,252) (187,625)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 30 )
Profit(or loss) before tax: (138,252) (187,655)
Tax: 0 0
Profit(or loss) for the financial year: (138,252) (187,655)

SLINK-TECH LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 2 2
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 7,004 8,022
Investments:   0 0
Total fixed assets: 7,004 8,022
Current assets
Stocks:   0 0
Debtors: 4 4,355 28,800
Cash at bank and in hand: 11,282 31,973
Investments:   0 0
Total current assets: 15,637 60,773
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 183,635 ) ( 89,858 )
Net current assets (liabilities): (167,998) (29,085)
Total assets less current liabilities: (160,992) ( 21,061)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (160,992) (21,061)
Capital and reserves
Called up share capital: 2 2
Share premium account: 119,998 119,998
Other reserves: 212,716 212,716
Profit and loss account: (493,708 ) (353,777 )
Total Shareholders' funds: ( 160,992 ) (21,061)

The notes form part of these financial statements

SLINK-TECH LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: A J Cox
Status: Director

The notes form part of these financial statements

SLINK-TECH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Office Equipment Straight line 5(years)

SLINK-TECH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

SLINK-TECH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 8,022 8,022
Additions 2,466 2,466
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 October 2023 10,488 10,488
Depreciation
At 1 November 2022 0 0
Charge for year 3,484 3,484
On disposals
Other adjustments
At 31 October 2023 3,484 3,484
Net book value
At 31 October 2023 7,004 7,004
At 31 October 2022 8,022 8,022

SLINK-TECH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 4,355 28,800
Total 4,355 28,800

SLINK-TECH LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 409 5,399
Accruals and deferred income 3,000 2,000
Other creditors 180,226 82,459
Total 183,635 89,858