Company registration number: 07578750
COMPANY INFORMATION
CONTENTS
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
Page 1
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
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 statement of income and retained earnings 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:
The notes on pages 3 to 8 form part of these financial statements.
Page 2
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Mindlink Software Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is Unit CC313 The Biscuit Factory, Drummond Road, London, SE16 4DG.
2.Accounting policies
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.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. Although the company is in a net liability position at the year end, the directors have reviewed cash flow projections and funding arrangements and are satisfied that the company will have sufficient resources to meet its obligations as they fall due for at least 12 months from the date of approval of these financial statements.
Where short-term cash flow deficits arise, the company has historically obtained support from directors and related parties, and the directors have confirmed their continued willingness to provide such support. In addition, the company secured funding from a new investor at the end of last year and expects a further capital injection during the coming year.
Based on these considerations, the directors believe it is appropriate to prepare the financial statements on a going concern basis.
Where short-term cash flow deficits arise, the company has historically obtained support from directors and related parties, and the directors have confirmed their continued willingness to provide such support. In addition, the company secured funding from a new investor at the end of last year and expects a further capital injection during the coming year.
Based on these considerations, the directors believe it is appropriate to prepare the financial statements on a going concern basis.
Revenue is recognised by the Company in respect of software and services supplied during the period.
License fee revenue is recognised over the period to which they relate. Service revenue is recognised over the period to which it relates. When revenue is recognised over a license period, it is recognised evenly based on the number of months of the license contract.
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.
License fee revenue is recognised over the period to which they relate. Service revenue is recognised over the period to which it relates. When revenue is recognised over a license period, it is recognised evenly based on the number of months of the license contract.
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.
Page 3
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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:
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.
Functional and presentation currency
Transactions and balances
Page 4
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The cost of equity-settled transactions with employees is measured by reference to the fair value as at the grant date.
At each balance sheet date before vesting, the cumulative expense is calculated, representing the expense to which the vesting period has expired and management's best estimate of the achievement or otherwise of non-market conditions and of the number of equity instruments that will ultimately vest. The movement in cumulative expense since the previous balance sheet date is recognised in the income statement, with a corresponding entry in equity. In the case of graded vesting, the expense is recognised on a straight-line basis.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair valueof goods and services received.
At each balance sheet date before vesting, the cumulative expense is calculated, representing the expense to which the vesting period has expired and management's best estimate of the achievement or otherwise of non-market conditions and of the number of equity instruments that will ultimately vest. The movement in cumulative expense since the previous balance sheet date is recognised in the income statement, with a corresponding entry in equity. In the case of graded vesting, the expense is recognised on a straight-line basis.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair valueof goods and services received.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Page 6
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 7
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 8