ACCOUNTS - Final Accounts preparation

Registered number: 05182001

MARLINK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

31 DECEMBER 2024

01483 755 399

hamlyns.com

MARLINK LIMITED

REGISTERED NUMBER: 05182001

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
		£		£

Fixed assets
Tangible assets	4		-		54,448
			-		54,448
Current assets
Stocks		-		38,890
Debtors: amounts falling due within one year	5	1,002		6,067,931
Cash at bank and in hand	6	-		10,023
		1,002		6,116,844
Creditors: amounts falling due within one year	7	-		(3,283,117)
Net current assets			1,002		2,833,727
Total assets less current liabilities			1,002		2,888,175
Provisions for liabilities
Deferred tax	8	-		(6,706)
			-		(6,706)
Net assets			1,002		2,881,469

Capital and reserves
Called up share capital	802	802
Capital redemption reserve	200	200
Profit and loss account	-	2,880,467
	1,002	2,881,469

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MARLINK LIMITED

REGISTERED NUMBER: 05182001

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

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 on 4 September 2025.

___________________________

Herve Charles Marcel Nays

Director

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	Statutory Information

Marlink Limited is a private company, limited by shares, registered in England and Wales. The company’s registered number is 05182001 and registered office address is Sundial House, High Street Horsell, Woking, Surrey, GU21 4SU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The directors confirm the entity has ceased trading in the year and will remain dormant.

2.3

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover generated from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods).
Turnover in respect of long-term construction contracts is recognised by reference to the stage of completion.
When the outcome of a construction contract sale can be estimated reliably in terms of its stage of completion, future costs to complete and collectability of billings, the company recognises revenue and expenses on the contract sale by reference to the stage of completion of the contract activity at the end of the reporting period. The stage of completion is determined on the basis of the proportion of the contract costs incurred to date over the estimated total costs.
When the outcome of a contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable contract costs incurred.
Turnover in respect of contract services is recognised as services are performed, with unbilled revenue resulting from services already provided accrued at the end of each period and unearned revenue from services to be provided in future periods deferred.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

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 balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Foreign Currencies

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

2.9

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.

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property	-	25%	reducing balance
Plant and machinery	-	25%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	reducing balance

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.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Stock

Stock is valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 20).

4.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£

At 1 January 2024	4,726	16,932	47,052	86,213	154,923
Additions	-	23,787	560	13,735	38,082
Transfers intra group	(4,726)	(40,719)	(47,612)	(84,528)	(177,585)
Disposals	-	-	-	(15,420)	(15,420)
At 31 December 2024	-	-	-	-	-

At 1 January 2024	4,668	15,652	34,588	45,567	100,475
Charge for the year on owned assets	58	1,262	2,123	8,186	11,629
Transfers intra group	(4,726)	(16,914)	(36,711)	(53,753)	(112,104)
At 31 December 2024	-	-	-	-	-
Net book value
At 31 December 2024	-	-	-	-	-
At 31 December 2023	58	1,280	12,464	40,646	54,448

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	-	790,825
Amounts owed by group undertakings	1,002	5,202,776
Other debtors	-	5,749
Prepayments and accrued income	-	68,581
	1,002	6,067,931

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	-	10,023
	-	10,023

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	1,463,886
Amounts owed to group undertakings	-	804,129
Corporation tax	-	38,045
Other taxation and social security	-	61,423
Other creditors	-	378,834
Accruals and deferred income	-	536,800
	-	3,283,117

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Deferred taxation

	2024	2023
	£	£

At beginning of year	(6,706)	(4,310)
Charged to profit or loss	-	(2,396)
Utilised in year	6,706	-
At end of year	-	(6,706)

The deferred taxation balance is made up as follows:
	2024	2023
	£	£

Accelerated capital allowances	-	(12,010)
Pension surplus	-	5,304
	-	(6,706)

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,230 (2023 - £32,206) . Contributions totalling £NIL (2023 - £29,267) were payable to the fund at the balance sheet date and are included in creditors.

10.	Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.

11.	Controlling party

The immediate parent of the entity is Telemar (UK) Limited, a company registered in England and Wales, by virtue of its shareholding.
The registered address of the parent is Unit 41 Barwell Business Park, Leatherhead Road, Chessington, Surrey, England, KT9 2NY.
The Ultimate controlling party is considered by the directors to be Venga Topco S.à r.l based in Luxembourg.

12.	Provisions available for audits of small entities

In common with many other businesses of our size and nature, we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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MARLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 4 September 2025 by Oliver Spevack ACA FCCA (senior statutory auditor) on behalf of Hamlyns Limited.

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