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REGISTERED NUMBER: 03061237















SATLINK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SATLINK LIMITED (REGISTERED NUMBER: 03061237)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SATLINK LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTOR: Mr R E Hawkeswood





REGISTERED OFFICE: College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ





REGISTERED NUMBER: 03061237





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SATLINK LIMITED (REGISTERED NUMBER: 03061237)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 351,006 359,827

CURRENT ASSETS
Stocks 662,305 662,305
Debtors 5 130,612 129,375
Cash at bank 37,460 177,067
830,377 968,747
CREDITORS
Amounts falling due within one year 6 40,803 95,789
NET CURRENT ASSETS 789,574 872,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,580

1,232,785

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,140,479 1,232,684
SHAREHOLDERS' FUNDS 1,140,580 1,232,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

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

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





Mr R E Hawkeswood - Director


SATLINK LIMITED (REGISTERED NUMBER: 03061237)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

Satlink Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 2% on cost
Plant and equipment - 25% reducing balance
Office equipment - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

SATLINK LIMITED (REGISTERED NUMBER: 03061237)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Land & Plant and Office
buildings equipment equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 402,492 23,212 39,078 464,782
DEPRECIATION
At 1 June 2023 45,747 22,980 36,228 104,955
Charge for year 8,050 58 713 8,821
At 31 May 2024 53,797 23,038 36,941 113,776
NET BOOK VALUE
At 31 May 2024 348,695 174 2,137 351,006
At 31 May 2023 356,745 232 2,850 359,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,310 2,098
Other debtors 129,302 127,277
130,612 129,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,897 56,419
Amounts owed to participating interests 33,517 33,517
Taxation and social security 303 3,521
Other creditors 2,086 2,332
40,803 95,789

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R E Hawkeswood.