Company registration number SC132801 (Scotland)
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
28,469
19,621
Current assets
Debtors
5
711,582
491,768
Investments
6
7,057
7,057
Cash at bank and in hand
1,441,582
1,512,515
2,160,221
2,011,340
Creditors: amounts falling due within one year
7
(814,853)
(783,486)
Net current assets
1,345,368
1,227,854
Total assets less current liabilities
1,373,837
1,247,475
Creditors: amounts falling due after more than one year
8
-
0
(30,130)
Provisions for liabilities
(4,053)
909
Net assets
1,369,784
1,218,254
Capital and reserves
Called up share capital
119,550
119,550
Profit and loss reserves
1,250,234
1,098,704
Total equity
1,369,784
1,218,254

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 May 2026 and are signed on its behalf by:
K McNab
Director
Company Registration No. SC132801
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Marketing Links Scotland Limited is a private company limited by shares incorporated in Scotland. The registered office is Murrayburgh House, 17 Corstorphine Road, Edinburgh, United Kingdom, EH12 6DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Where the company acts as the principal travel organiser, turnover represents the gross value of the bookings including hotel bookings, travel costs and other related services. The full cost of such bookings is included within cost of sales.

Where the company acts agent, turnover represents commission earned on the collection of receipts for travel and hotel sales.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% on cost
Fixtures and fittings
15% on net book value
Computers
15% on net book value & 33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
16
14
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2025 and 31 December 2025
30,000
Amortisation and impairment
At 1 January 2025 and 31 December 2025
30,000
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
20,000
104,095
27,238
26,721
178,054
Additions
-
0
-
0
22,523
-
0
22,523
Disposals
-
0
-
0
-
0
(26,721)
(26,721)
At 31 December 2025
20,000
104,095
49,761
-
0
173,856
Depreciation and impairment
At 1 January 2025
20,000
101,444
18,547
18,442
158,433
Depreciation charged in the year
-
0
398
4,998
1,035
6,431
Eliminated in respect of disposals
-
0
-
0
-
0
(19,477)
(19,477)
At 31 December 2025
20,000
101,842
23,545
-
0
145,387
Carrying amount
At 31 December 2025
-
0
2,253
26,216
-
0
28,469
At 31 December 2024
-
0
2,651
8,691
8,279
19,621
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
513,783
435,918
Other debtors
197,799
55,850
711,582
491,768
MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Current asset investments
2025
2024
£
£
Other investments
7,057
7,057
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
30,131
2,992
Trade creditors
175,649
183,398
Amounts owed to group undertakings
176,413
42,413
Taxation and social security
178,168
165,043
Other creditors
254,492
389,640
814,853
783,486
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
30,130
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
145,140
163,460
10
Financial commitments, guarantees and contingent liabilities

HSBC Bank PLC holds a floating charge over the assets of Marketing Links Scotland Limited.

11
Related party transactions

The company has taken exemption provided by Paragraph 33.1A of Financial Reporting Standard 102 and accordingly has not disclosed any transactions with group undertakings.

MARKETING LINKS SCOTLAND LIMITED
T/A THE TRAVEL COMPANY EDINBURGH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
12
Parent company

The immediate parent company and controlling party is Micro Marketing & Property Limited, a company incorporated incorporated in Scotland (SC079966).

Copies of the financial statements of Micro Marketing & Property Limited are available from the Registrar of Companies, Companies House, 139 Fountainbridge, Edinburgh, EH3 9FF.

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