Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity52truetrue 13150327 2023-07-01 2024-06-30 13150327 2022-07-01 2023-06-30 13150327 2024-06-30 13150327 2023-06-30 13150327 c:Director1 2023-07-01 2024-06-30 13150327 c:Director2 2023-07-01 2024-06-30 13150327 c:Director3 2023-07-01 2024-06-30 13150327 c:Director4 2023-07-01 2024-06-30 13150327 c:RegisteredOffice 2023-07-01 2024-06-30 13150327 d:ComputerEquipment 2023-07-01 2024-06-30 13150327 d:ComputerEquipment 2024-06-30 13150327 d:ComputerEquipment 2023-06-30 13150327 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13150327 d:CurrentFinancialInstruments 2024-06-30 13150327 d:CurrentFinancialInstruments 2023-06-30 13150327 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13150327 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13150327 d:ShareCapital 2024-06-30 13150327 d:ShareCapital 2023-06-30 13150327 d:RetainedEarningsAccumulatedLosses 2024-06-30 13150327 d:RetainedEarningsAccumulatedLosses 2023-06-30 13150327 c:FRS102 2023-07-01 2024-06-30 13150327 c:Audited 2023-07-01 2024-06-30 13150327 c:FullAccounts 2023-07-01 2024-06-30 13150327 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13150327 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 13150327







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


THE MISSING LINK SECURITY LIMITED






































img0d74.png                        

 


THE MISSING LINK SECURITY LIMITED
 


 
COMPANY INFORMATION


Directors
Aaron Bailey 
Daniel Forsythe 
Alessandro Gambotto 
Sam Marshall 




Registered number
13150327



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


THE MISSING LINK SECURITY LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


THE MISSING LINK SECURITY LIMITED
REGISTERED NUMBER:13150327



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,240
6,010

  
5,240
6,010

Current assets
  

Debtors: amounts falling due within one year
 5 
138,358
30,890

Cash at bank and in hand
  
141,268
97,309

  
279,626
128,199

Creditors: amounts falling due within one year
 6 
(1,291,061)
(806,974)

Net current liabilities
  
 
 
(1,011,435)
 
 
(678,775)

Total assets less current liabilities
  
(1,006,195)
(672,765)

  

Net liabilities
  
(1,006,195)
(672,765)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,006,295)
(672,865)

  
(1,006,195)
(672,765)


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 profit and loss account 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: 




Aaron Bailey
Director

Date: 17 November 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


THE MISSING LINK SECURITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

 The Missing Link Security Limited is a private company, limited by shares, registered in England & Wales under the Companies Act 2006. The registered office is disclosed on the company information page. The Company's functional and presentational currency is GBP.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is part of a group and the ultimate parent company is The Missing Link Security Pty Limited. The company is reliant on The Missing Link Security Pty Limited for financial support to enable it to continue in business. The directors have assessed the going concern risk and on the basis the group will continue to support the company and has adequate resources to do so, they consider the going concern basis appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 


THE MISSING LINK SECURITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue arises from the provision of IT services. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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:

Computer equipment
-
straight line over 3 years

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.

Page 3

 


THE MISSING LINK SECURITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
10,875


Additions
3,322


Disposals
(624)



At 30 June 2024

13,573



Depreciation


At 1 July 2023
4,865


Charge for the year on owned assets
3,468



At 30 June 2024

8,333



Net book value



At 30 June 2024
5,240



At 30 June 2023
6,010

Page 4

 


THE MISSING LINK SECURITY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
128,572
28,397

Other debtors
4,185
-

Prepayments and accrued income
5,601
2,493

138,358
30,890



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,022
6,955

Amounts owed to group undertakings
1,163,900
734,160

Other taxation and social security
36,505
23,177

Other creditors
21,657
16,868

Accruals and deferred income
63,977
25,814

1,291,061
806,974



7.


Pension commitments

The Group operates a defined contribution scheme for certain employees. The assets of this scheme are held separately from those of the Group in an independently administered fund.
As at 30 June 2024 there were £2,987, of accrued pension contributions (2023: £1,911).


8.


Related party transactions

The company is exempt from disclosing related party transactions as they are with other companies that are wholly owned within the Group.


9.


Controlling party

The smallest group in which the company is a member is The Missing Link Security Pty Limited located at 9-11 Dickson Avenue, Artarmon, New South Wales, Australia, 2064.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 25 November 2024 by Robin Hopkins FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5