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REGISTERED NUMBER: 04041130 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

BIZLINK TAILOR-MADE CABLE UK LIMITED

BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIZLINK TAILOR-MADE CABLE UK LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C J Mawbey
C Teng
L Von Arx





SECRETARY: C J Mawbey





REGISTERED OFFICE: Unit 1 Broom Business Park
Bridge Way
Sheebridge
Chesterfield
S41 9QG





REGISTERED NUMBER: 04041130 (England and Wales)





AUDITORS: S Burgess & Co Ltd
Statutory Auditor
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,794 5,438
30,794 5,438

CURRENT ASSETS
Stocks 6 287,575 223,631
Debtors 7 405,579 390,420
Cash at bank 1,301,564 383,615
1,994,718 997,666
CREDITORS
Amounts falling due within one year 8 1,233,700 659,183
NET CURRENT ASSETS 761,018 338,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,812

343,921

PROVISIONS FOR LIABILITIES 10 5,002 -
NET ASSETS 786,810 343,921

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 11 19,900 19,900
Retained earnings 11 766,810 323,921
SHAREHOLDERS' FUNDS 786,810 343,921

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 Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





C J Mawbey - Director


BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

BizLink Tailor-Made Cable UK 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of specialist cables, cable assemblies, and bespoke specialist cables designed and installed to specific customer requirements, excluding value added tax. Turnover is recognised on delivery or at the completion of the installation process.

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.

Licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 3 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks, which comprise cables, connectors, hoses, and cable assemblies, are valued at cost, after making allowance for any obsolete items. Cost is determined on a first in, first out basis.

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.


BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any loss arising from impairment is recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 557
AMORTISATION
At 1 January 2024
and 31 December 2024 557
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 7,482 15,328 29,788 25,332 77,930
Additions - 11,250 15,057 5,837 32,144
Disposals (7,482 ) (8,038 ) (28,357 ) (22,058 ) (65,935 )
At 31 December 2024 - 18,540 16,488 9,111 44,139
DEPRECIATION
At 1 January 2024 7,482 12,746 26,932 25,332 72,492
Charge for year - 1,593 1,448 1,320 4,361
Eliminated on disposal (7,482 ) (7,529 ) (26,439 ) (22,058 ) (63,508 )
At 31 December 2024 - 6,810 1,941 4,594 13,345
NET BOOK VALUE
At 31 December 2024 - 11,730 14,547 4,517 30,794
At 31 December 2023 - 2,582 2,856 - 5,438

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 287,575 223,631

BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 353,148 322,479
Amounts owed by group undertakings 9,634 39,084
Other debtors 9,313 -
Prepayments 33,484 28,857
405,579 390,420

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 60,626 39,291
Amounts owed to group undertakings 845,548 537,111
Corporation tax 145,324 3,034
Social security and other taxes 19,085 14,841
VAT 128,349 39,746
Accruals & deferred income 34,768 25,160
1,233,700 659,183

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 28,239 33,066
Between one and five years 195,543 36,621
In more than five years 178,125 -
401,907 69,687

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 5,002 -

Deferred
tax
£   
Accelerated capital allowances 5,002
Balance at 31 December 2024 5,002

BIZLINK TAILOR-MADE CABLE UK LIMITED (REGISTERED NUMBER: 04041130)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 323,921 19,900 343,821
Profit for the year 442,889 442,889
At 31 December 2024 766,810 19,900 786,710

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Burgess ACA (Senior Statutory Auditor)
for and on behalf of S Burgess & Co Ltd

13. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS102, section 33 Related Party Disclosures, not to disclose transactions with other group companies.

14. ULTIMATE PARENT COMPANY

The ultimate parent company is BizLink Holdings Inc, 3F, Number 186, Jian 1st Road. Zhonghe District, New Taipei City, Taiwan 23553.