Silverfin false false 30/09/2023 01/10/2022 30/09/2023 Matthew Chapman 21/09/2001 Jason Dobson 01/09/2006 Ewen Griffiths 01/10/2002 Jason Milne 21/10/2014 11 March 2024 The principal activity of the Company during the financial year was that of design consultancy. SC223455 2023-09-30 SC223455 bus:Director1 2023-09-30 SC223455 bus:Director2 2023-09-30 SC223455 bus:Director3 2023-09-30 SC223455 bus:Director4 2023-09-30 SC223455 2022-09-30 SC223455 core:CurrentFinancialInstruments 2023-09-30 SC223455 core:CurrentFinancialInstruments 2022-09-30 SC223455 core:Non-currentFinancialInstruments 2023-09-30 SC223455 core:Non-currentFinancialInstruments 2022-09-30 SC223455 core:ShareCapital 2023-09-30 SC223455 core:ShareCapital 2022-09-30 SC223455 core:CapitalRedemptionReserve 2023-09-30 SC223455 core:CapitalRedemptionReserve 2022-09-30 SC223455 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC223455 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC223455 core:FurnitureFittings 2022-09-30 SC223455 core:ComputerEquipment 2022-09-30 SC223455 core:FurnitureFittings 2023-09-30 SC223455 core:ComputerEquipment 2023-09-30 SC223455 core:CostValuation 2022-09-30 SC223455 core:CostValuation 2023-09-30 SC223455 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-09-30 SC223455 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-09-30 SC223455 bus:OrdinaryShareClass1 2023-09-30 SC223455 2022-10-01 2023-09-30 SC223455 bus:FilletedAccounts 2022-10-01 2023-09-30 SC223455 bus:SmallEntities 2022-10-01 2023-09-30 SC223455 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC223455 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC223455 bus:Director1 2022-10-01 2023-09-30 SC223455 bus:Director2 2022-10-01 2023-09-30 SC223455 bus:Director3 2022-10-01 2023-09-30 SC223455 bus:Director4 2022-10-01 2023-09-30 SC223455 core:FurnitureFittings core:TopRangeValue 2022-10-01 2023-09-30 SC223455 core:ComputerEquipment core:TopRangeValue 2022-10-01 2023-09-30 SC223455 2021-10-01 2022-09-30 SC223455 core:FurnitureFittings 2022-10-01 2023-09-30 SC223455 core:ComputerEquipment 2022-10-01 2023-09-30 SC223455 core:CurrentFinancialInstruments 2022-10-01 2023-09-30 SC223455 core:Non-currentFinancialInstruments 2022-10-01 2023-09-30 SC223455 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC223455 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC223455 (Scotland)

CONTAGIOUS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

CONTAGIOUS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023

Contents

CONTAGIOUS (UK) LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2023
CONTAGIOUS (UK) LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2023
Note 30.09.2023 30.09.2022
£ £
Fixed assets
Tangible assets 3 59,490 51,406
Investments 4 1 1
59,491 51,407
Current assets
Debtors 5 828,380 568,751
Cash at bank and in hand 273,945 480,148
1,102,325 1,048,899
Creditors: amounts falling due within one year 6 ( 784,083) ( 728,821)
Net current assets 318,242 320,078
Total assets less current liabilities 377,733 371,485
Creditors: amounts falling due after more than one year 7 ( 20,722) ( 30,714)
Provision for liabilities ( 13,747) ( 14,979)
Net assets 343,264 325,792
Capital and reserves
Called-up share capital 8 67 67
Capital redemption reserve 33 33
Profit and loss account 343,164 325,692
Total shareholders' funds 343,264 325,792

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Contagious (UK) Limited (registered number: SC223455) were approved and authorised for issue by the Board of Directors on 11 March 2024. They were signed on its behalf by:

Matthew Chapman
Director
CONTAGIOUS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
CONTAGIOUS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Contagious (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Suite 2, Ground Floor, Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for design consultancy 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 6 years straight line
Computer equipment 3 years straight line

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.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews 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).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

30.09.2023 30.09.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 40 36

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 October 2022 7,432 146,560 153,992
Additions 11,518 32,587 44,105
At 30 September 2023 18,950 179,147 198,097
Accumulated depreciation
At 01 October 2022 4,816 97,770 102,586
Charge for the financial year 2,449 33,572 36,021
At 30 September 2023 7,265 131,342 138,607
Net book value
At 30 September 2023 11,685 47,805 59,490
At 30 September 2022 2,616 48,790 51,406

4. Fixed asset investments

30.09.2023 30.09.2022
£ £
Subsidiary undertakings 1 1

Investments in subsidiaries

30.09.2023
£
Cost
At 01 October 2022 1
At 30 September 2023 1
Carrying value at 30 September 2023 1
Carrying value at 30 September 2022 1

5. Debtors

30.09.2023 30.09.2022
£ £
Trade debtors 330,130 436,815
Amounts owed by own subsidiaries 390,859 26,562
Other debtors 107,391 105,374
828,380 568,751

6. Creditors: amounts falling due within one year

30.09.2023 30.09.2022
£ £
Bank loans 9,995 9,748
Trade creditors 90,945 112,501
Corporation tax 8,660 11,450
Other taxation and social security 151,263 167,811
Other creditors 523,220 427,311
784,083 728,821

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

30.09.2023 30.09.2022
£ £
Bank loans 20,722 30,714

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

30.09.2023 30.09.2022
£ £
Allotted, called-up and fully-paid
67 Ordinary shares of £ 1.00 each 67 67

9. Financial commitments

Other financial commitments

30.09.2023 30.09.2022
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 66,150 31,200

10. Related party transactions

The company has taken advantage of the exemption available in FRS102 from the requirement to disclose related party transactions with wholly owned subsidiaries.