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REGISTERED NUMBER: 14678935 (England and Wales)











Unaudited Financial Statements

for the period

21st February 2023 to 31st March 2024

for

Globalinks Group Limited

Globalinks Group Limited (Registered number: 14678935)






Contents of the Financial Statements
for the period 21st February 2023 to 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Globalinks Group Limited

Company Information
for the period 21st February 2023 to 31st March 2024







DIRECTOR: S L Jones





REGISTERED OFFICE: Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB





REGISTERED NUMBER: 14678935 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Globalinks Group Limited (Registered number: 14678935)

Abridged Balance Sheet
31st March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 10,800
Tangible assets 5 1,200
12,000

CURRENT ASSETS
Debtors 50,245
Cash at bank 780
51,025
CREDITORS
Amounts falling due within one year 68,587
NET CURRENT LIABILITIES (17,562 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,562 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (5,563 )
(5,562 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Globalinks Group Limited (Registered number: 14678935)

Abridged Balance Sheet - continued
31st March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd June 2024 and were signed by:





S L Jones - Director


Globalinks Group Limited (Registered number: 14678935)

Notes to the Financial Statements
for the period 21st February 2023 to 31st March 2024

1. STATUTORY INFORMATION

Globalinks Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Globalinks Group Limited (Registered number: 14678935)

Notes to the Financial Statements - continued
for the period 21st February 2023 to 31st March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 12,000
At 31st March 2024 12,000
AMORTISATION
Amortisation for period 1,200
At 31st March 2024 1,200
NET BOOK VALUE

At 31st March 2024 10,800

Globalinks Group Limited (Registered number: 14678935)

Notes to the Financial Statements - continued
for the period 21st February 2023 to 31st March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 1,500
At 31st March 2024 1,500
DEPRECIATION
Charge for period 300
At 31st March 2024 300
NET BOOK VALUE
At 31st March 2024 1,200

6. GOING CONCERN

At the balance sheet, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing the financial statements.

On this basis the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue.