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REGISTERED NUMBER: 10608545 (England and Wales)















HYLINK (UK) DIGITAL SOLUTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 5


HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,558 18,491

CURRENT ASSETS
Debtors 5 687,404 436,483
Cash at bank 1,174,014 821,224
1,861,418 1,257,707
CREDITORS
Amounts falling due within one year 6 (1,040,134 ) (962,921 )
NET CURRENT ASSETS 821,284 294,786
TOTAL ASSETS LESS CURRENT LIABILITIES 849,842 313,277

PROVISIONS FOR LIABILITIES - (4,623 )
NET ASSETS 849,842 308,654

CAPITAL AND RESERVES
Called up share capital 1,200,000 1,200,000
Retained earnings (350,158 ) (891,346 )
SHAREHOLDERS' FUNDS 849,842 308,654

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





Mr T Su - Director


HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Hylink (UK) Digital Solution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10608545

Registered office: The Shard
25th Floor
London Bridge Street
London
SE1 9SG

The presentation currency of the financial statements is in Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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.

This information is included in the consolidated financial statements of Hylink Digital Solutions Co., Ltd, which is a company registered in Mainland China. These financial statements can be obtained from 915, Block 13, Fangmaoyuan (II), No. 1177 Huanhu Road, Dingding Street, Tianyuelu District, Changsha, Hunan Province.

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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are measured at amortised cost. Financial instruments are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial assets nd substantially all the risks and rewards of ownership to the other entity.


HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 29 (2023 - 23 ) .

HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 429 28,527 28,956
Additions 2,578 20,740 23,318
Disposals - (783 ) (783 )
At 31 December 2024 3,007 48,484 51,491
DEPRECIATION
At 1 January 2024 180 10,285 10,465
Charge for year 504 12,376 12,880
Eliminated on disposal - (412 ) (412 )
At 31 December 2024 684 22,249 22,933
NET BOOK VALUE
At 31 December 2024 2,323 26,235 28,558
At 31 December 2023 249 18,242 18,491

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 462,846 360,437
Amounts owed by group undertakings - 13,946
Other debtors 224,558 62,100
687,404 436,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,119 9,033
Amounts owed to group undertakings 192,462 167,462
Taxation and social security 169,051 168,618
Other creditors 669,502 617,808
1,040,134 962,921

HYLINK (UK) DIGITAL SOLUTION LIMITED (REGISTERED NUMBER: 10608545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,830 10,359
Between one and five years 3,221 -
25,051 10,359

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

The Report of the Auditors was unqualified.

Mr Andrew John Griggs (Senior Statutory Auditor)
for and on behalf of Beaumont Seymour

9. RELATED PARTY DISCLOSURES

A director has provided the Company an interest-free loan which is repayable on demand. At the year end, the amount outstanding was £134,000 (2023: £134,000).


10. ULTIMATE CONTROLLING PARTY

During the period the company's ultimate parent was Hylink Digital Solutions Co., Ltd.

The results of the company are included within the consolidated financial statements of Hylink Digital Solutions Co., Ltd, copies of which are available from its registered office:

915, Block 13, Fangmaoyuan (II)
No. 1177 Huanhu Road
Dingding Street
Tianyuelu District
Changsha
Hunan Province

During the period and at the period end, no one individual controlled the company.