Company registration number 12935691 (England and Wales)
LIGHTSPEED CENTRAL SERVICES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
LIGHTSPEED CENTRAL SERVICES LTD
CONTENTS
Page
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 13
LIGHTSPEED CENTRAL SERVICES LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LIGHTSPEED CENTRAL SERVICES LTD
- 1 -
Opinion
We have audited the financial statements of Lightspeed Central Services Ltd (the 'company') for the year ended 31 December 2023 which comprise , the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the company’s ability to continue as going concern.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the directors' report has been prepared in accordance with applicable legal requirements.
LIGHTSPEED CENTRAL SERVICES LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LIGHTSPEED CENTRAL SERVICES LTD (CONTINUED)
- 2 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
we focused on specific laws and regulations which we considered may have a direct material effect on the operations of the company, financial statements or the operations of the company, including the UK Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
LIGHTSPEED CENTRAL SERVICES LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LIGHTSPEED CENTRAL SERVICES LTD (CONTINUED)
- 3 -
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and
investigated the rationale behind significant or unusual transactions.
To address the risk of non-compliance with laws and regulations, we communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.
The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation) and taxation legislation (including payroll taxes) and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statements items.
The Company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial, for instance through the imposition of fines or litigation or the loss of the Company’s license to operate. We identified the following areas as those most likely to have such an effect: UK Company law that regulates corporations formed under the Companies Act 2006 and HMRC laws and regulations relating to submissions of applicable taxes and documents. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.
We communicated identified fraud risks and non-compliance with laws and regulations with those charged with governance, throughout the audit team and remained alert to any indications throughout the audit.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.
Shilpa Chheda
Senior Statutory Auditor
For and on behalf of KLSA LLP
23 September 2024
Chartered Accountants
Statutory Auditor
Kalamu House
11 Coldbath Square
London
EC1R 5HL
LIGHTSPEED CENTRAL SERVICES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 4 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
5
399,499
157,860
Tangible assets
6
105,241
62,713
504,740
220,573
Current assets
Debtors
7
673,882
193,762
Cash at bank and in hand
54,093
290,337
727,975
484,099
Creditors: amounts falling due within one year
8
(253,877)
(300,276)
Net current assets
474,098
183,823
Total assets less current liabilities
978,838
404,396
Creditors: amounts falling due after more than one year
9
(805,367)
(361,007)
Net assets
173,471
43,389
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
173,371
43,289
Total equity
173,471
43,389
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 September 2024 and are signed on its behalf by:
Liam Hickey
Director
Company registration number 12935691 (England and Wales)
LIGHTSPEED CENTRAL SERVICES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
100
(8,040)
(7,940)
Year ended 31 December 2022:
Profit and total comprehensive income
-
51,329
51,329
Balance at 31 December 2022
100
43,289
43,389
Year ended 31 December 2023:
Profit and total comprehensive income
-
130,082
130,082
Balance at 31 December 2023
100
173,371
173,471
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
1
Accounting policies
Company information
Lightspeed Central Services Ltd is a private company limited by shares incorporated in England and Wales on 7 October 2020. The registered office is Fulney Hall, Holbeach Road, Spalding, Lincolnshire, PE12 6ER. The company changed its name from Lightspeed Construction Ltd to Lightspeed Central Services Ltd on 03 August 2022.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial performance of the company is set out in the report of the directors and in the statement of profittrue or loss and the other comprehensive income. The financial position of the company is set out in the statement of financial position.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from provision of internal services to Lightspeed Group is recognised as a markup on the total costs incurred.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation 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:
Development costs
charged on completion
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
1.5
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 improvements
Over the lease term
Fixtures and fittings
4 years on straight line basis
Computers
3 years on straight line basis
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.
1.6
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). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
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.
1.8
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.
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 8 -
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 payments 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. Amounts 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.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.10
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.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
There were no changes in comparative figures during the year.
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Useful lives, depreciation methods and residual values of tangible fixed assets and intangible fixed assets
Management reviews the useful lives, depreciation methods and residual values of the items of intangible fixed assets and tangible fixed assets and on a regular basis. During the year, the directors determined no significant changes in the useful lives and residual values. The carrying amounts of intangible fixed assets and tangible fixed assets are disclosed in notes 8 and 9, respectively.
Recoverability of intercompany receivables
Intercompany receivables are stated at their recoverable amount less any necessary provision. Recoverability of intercompany receivables is assessed annually and a provision is recognised if any indications exist that the receivables are not considered recoverable.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Employees
20
9
4
Directors' remuneration
2023
2022
£
£
Remuneration for qualifying services
500,244
92,030
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
5
Intangible fixed assets
Development costs
£
Cost
At 1 January 2023
157,860
Additions
241,639
At 31 December 2023
399,499
Amortisation and impairment
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
399,499
At 31 December 2022
157,860
Amortisation is not yet recognised on developments of the website, sales order processing and customer service systems. All these assets are assessed as still being in development and not in a final state. It is anticipated that all developments will continue into 2024 and not be in a final state until the end of that year. The estimated commitment needed to bring these assets to a state of completion as at year end was £428,354.
6
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2023
5,080
63,452
68,532
Additions
2,376
941
85,892
89,209
At 31 December 2023
7,456
941
149,344
157,741
Depreciation and impairment
At 1 January 2023
185
5,634
5,819
Depreciation charged in the year
7,271
314
39,096
46,681
At 31 December 2023
7,456
314
44,730
52,500
Carrying amount
At 31 December 2023
627
104,614
105,241
At 31 December 2022
4,895
57,818
62,713
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
587,121
191,195
Other debtors
13,853
Prepayments and accrued income
72,908
2,567
673,882
193,762
8
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Other borrowings
10
96,610
Trade creditors
70,574
95,154
Taxation and social security
40,581
51,099
Other creditors
11,839
12,867
Accruals and deferred income
130,883
44,546
253,877
300,276
9
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
10
805,367
361,007
10
Loans and overdrafts
2023
2022
£
£
Loans from group undertakings
805,367
457,617
Payable within one year
96,610
Payable after one year
805,367
361,007
Loans from group undertakings includes £805,367 from Lightspeed Fibre Holdings Limited which is subject to interest rate of 8% and 14%.
11
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Odinary shares of £1 each
100
100
100
100
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
12
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Shilpa Chheda
Statutory Auditor:
KLSA LLP
Date of audit report:
23 September 2024
13
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2023
2022
£
£
Within one year
28,502
Between two and five years
499,630
In over five years
80,409
608,541
14
Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2023
2022
£
£
Aggregate compensation
500,244
92,030
Other information
The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with the parent company or any wholly owned subsidiary undertakings of the group.
Included within creditors is a balance due to a company under common control, Atmosclear Investments Ltd, of £Nil (2022: £9,480). The company provided professional services amounting to £37,050 (2022: £35,670) in the period to 6 July 2023 when it ceased to be a related party.
Included within administration expenses is an amount of £Nil (2022: £839 ) relating to consultancy fees to MGMT SA, related by virtue of common control until 6 July 2023 when it ceased to be a related party.
Included within administration expenses is an amount of £76,828 (2022: £332,800 ) relating to consultancy fees to Oryx Management Ltd, related by virtue of common control until 6 July 2023 when it ceased to be a related party.
LIGHTSPEED CENTRAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
15
Ultimate controlling party
The company's immediate parent undertaking is Lightspeed Fibre Group Limited. Its registered office and principal place of business is Fulney Hall, Holbeach Road, Spalding, Lincolnshire, United Kingdom, PE12 6ER.
Lightspeed Fibre Holdings Limited, a company incorporated in England and Wales, is regarded by the directors as being the company's ultimate parent company. Its registered office and principal place of business is Fulney Hall, Holbeach Road, Spalding, Lincolnshire, United Kingdom, PE12 6ER.
In the opinion of the directors, the ultimate controlling party is the Kompass Kapital Management.
2023-12-312023-01-01false23 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityThis audit opinion is unqualifiedLiam HickeyGraham Robert BellBrett Edward ShepherdBradley Scott BergerCourtney Michelle ConradJeffery William KonneskyHarts Limitedfalsefalse129356912023-01-012023-12-31129356912023-12-3112935691core:OtherResidualIntangibleAssets2023-12-3112935691core:OtherResidualIntangibleAssets2022-12-3112935691core:ComputerSoftware2023-12-3112935691core:ComputerSoftware2022-12-31129356912022-12-3112935691core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3112935691core:FurnitureFittings2023-12-3112935691core:ComputerEquipment2023-12-3112935691core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3112935691core:FurnitureFittings2022-12-3112935691core:ComputerEquipment2022-12-3112935691core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3112935691core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3112935691core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3112935691core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3112935691core:CurrentFinancialInstruments2023-12-3112935691core:CurrentFinancialInstruments2022-12-3112935691core:ShareCapital2023-12-3112935691core:ShareCapital2022-12-3112935691core:RetainedEarningsAccumulatedLosses2023-12-3112935691core:RetainedEarningsAccumulatedLosses2022-12-3112935691core:ShareCapital2021-12-3112935691core:RetainedEarningsAccumulatedLosses2021-12-3112935691bus:Director12023-01-012023-12-3112935691core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31129356912022-01-012022-12-3112935691core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3112935691core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112935691core:ComputerSoftware2023-01-012023-12-3112935691core:LandBuildingscore:LongLeaseholdAssets2023-01-012023-12-3112935691core:FurnitureFittings2023-01-012023-12-3112935691core:ComputerEquipment2023-01-012023-12-3112935691core:ComputerSoftware2022-12-3112935691core:ComputerSoftwarecore:ExternallyAcquiredIntangibleAssets2023-01-012023-12-3112935691core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3112935691core:FurnitureFittings2022-12-3112935691core:ComputerEquipment2022-12-31129356912022-12-3112935691core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-01-012023-12-3112935691core:Non-currentFinancialInstruments2023-12-3112935691core:Non-currentFinancialInstruments2022-12-3112935691core:WithinOneYear2023-12-3112935691core:WithinOneYear2022-12-3112935691core:BetweenTwoFiveYears2023-12-3112935691core:BetweenTwoFiveYears2022-12-3112935691core:MoreThanFiveYears2023-12-3112935691core:MoreThanFiveYears2022-12-3112935691bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112935691bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112935691bus:FRS1022023-01-012023-12-3112935691bus:Audited2023-01-012023-12-3112935691bus:Director22023-01-012023-12-3112935691bus:Director32023-01-012023-12-3112935691bus:Director42023-01-012023-12-3112935691bus:Director52023-01-012023-12-3112935691bus:Director62023-01-012023-12-3112935691bus:CompanySecretary12023-01-012023-12-3112935691bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP