Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr J E Adams 17/07/2024 28/07/2000 Mr P D Snowden 17/07/2024 31/01/2006 Mr J Sones 17/07/2024 Mr A D Stevens 17/07/2024 30/04/2019 Mr J M Whatmore 17/07/2024 06 October 2024 The principal activity of the Company during the financial year was software development, authoring, consultancy & supply. 03908285 2024-06-30 03908285 bus:Director1 2024-06-30 03908285 bus:Director2 2024-06-30 03908285 bus:Director3 2024-06-30 03908285 bus:Director4 2024-06-30 03908285 bus:Director5 2024-06-30 03908285 2023-06-30 03908285 core:CurrentFinancialInstruments 2024-06-30 03908285 core:CurrentFinancialInstruments 2023-06-30 03908285 core:Non-currentFinancialInstruments 2024-06-30 03908285 core:Non-currentFinancialInstruments 2023-06-30 03908285 core:ShareCapital 2024-06-30 03908285 core:ShareCapital 2023-06-30 03908285 core:SharePremium 2024-06-30 03908285 core:SharePremium 2023-06-30 03908285 core:RetainedEarningsAccumulatedLosses 2024-06-30 03908285 core:RetainedEarningsAccumulatedLosses 2023-06-30 03908285 core:LeaseholdImprovements 2023-06-30 03908285 core:PlantMachinery 2023-06-30 03908285 core:FurnitureFittings 2023-06-30 03908285 core:OfficeEquipment 2023-06-30 03908285 core:LeaseholdImprovements 2024-06-30 03908285 core:PlantMachinery 2024-06-30 03908285 core:FurnitureFittings 2024-06-30 03908285 core:OfficeEquipment 2024-06-30 03908285 core:CostValuation 2023-06-30 03908285 core:CostValuation 2024-06-30 03908285 bus:OrdinaryShareClass1 2024-06-30 03908285 2023-07-01 2024-06-30 03908285 bus:FilletedAccounts 2023-07-01 2024-06-30 03908285 bus:SmallEntities 2023-07-01 2024-06-30 03908285 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03908285 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03908285 bus:Director1 2023-07-01 2024-06-30 03908285 bus:Director2 2023-07-01 2024-06-30 03908285 bus:Director3 2023-07-01 2024-06-30 03908285 bus:Director4 2023-07-01 2024-06-30 03908285 bus:Director5 2023-07-01 2024-06-30 03908285 core:LeaseholdImprovements core:TopRangeValue 2023-07-01 2024-06-30 03908285 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 03908285 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 03908285 core:OfficeEquipment 2023-07-01 2024-06-30 03908285 2022-07-01 2023-06-30 03908285 core:LeaseholdImprovements 2023-07-01 2024-06-30 03908285 core:PlantMachinery 2023-07-01 2024-06-30 03908285 core:FurnitureFittings 2023-07-01 2024-06-30 03908285 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 03908285 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03908285 (England and Wales)

CLIK LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

CLIK LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

CLIK LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
CLIK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 42,600 32,315
Investments 4 100 100
42,700 32,415
Current assets
Debtors
- due within one year 5 32,219 47,766
- due after more than one year 5 1,306,499 1,206,479
Cash at bank and in hand 1,487,550 1,117,911
2,826,268 2,372,156
Creditors: amounts falling due within one year 6 ( 366,751) ( 338,692)
Net current assets 2,459,517 2,033,464
Total assets less current liabilities 2,502,217 2,065,879
Net assets 2,502,217 2,065,879
Capital and reserves
Called-up share capital 7 1,250 1,250
Share premium account 124,870 124,870
Profit and loss account 2,376,097 1,939,759
Total shareholder's funds 2,502,217 2,065,879

For the financial year ending 30 June 2024 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 Clik Limited (registered number: 03908285) were approved and authorised for issue by the Board of Directors on 06 October 2024. They were signed on its behalf by:

Mr J Sones
Director
CLIK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
CLIK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
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

Clik Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 305 Zellig Building, Gibb Street, Birmingham, B9 4AA, England, United Kingdom. The principal place of business is The Tobacco Factory, Raleigh Road, Southville, Bristol, BS3 1TF.

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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings 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 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.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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 Statement of Financial Position.

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 Statement of Financial Position 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. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Plant and machinery 4 years straight line
Fixtures and fittings 10 years straight line
Office equipment 50 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings 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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its 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.

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. 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 42 41

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 July 2023 3,890 17,113 22,620 110,635 154,258
Additions 0 2,031 1,530 26,020 29,581
Disposals 0 0 0 ( 19,214) ( 19,214)
At 30 June 2024 3,890 19,144 24,150 117,441 164,625
Accumulated depreciation
At 01 July 2023 3,207 16,975 9,680 92,081 121,943
Charge for the financial year 683 290 1,996 16,266 19,235
Disposals 0 0 0 ( 19,153) ( 19,153)
At 30 June 2024 3,890 17,265 11,676 89,194 122,025
Net book value
At 30 June 2024 0 1,879 12,474 28,247 42,600
At 30 June 2023 683 138 12,940 18,554 32,315

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 100
At 30 June 2024 100
Carrying value at 30 June 2024 100
Carrying value at 30 June 2023 100

5. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 4,721 3,666
Prepayments 25,831 25,816
Other debtors 1,667 18,284
32,219 47,766
Debtors: amounts falling due after more than one year
Amounts owed by Parent undertakings 1,306,499 1,206,479

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 54,717 47,970
Amounts owed to Group undertakings 100 100
Accruals and deferred income 153,762 144,255
Other taxation and social security 146,632 136,146
Other creditors 11,540 10,221
366,751 338,692

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
125,000 Ordinary shares of £ 0.01 each 1,250 1,250

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 11,540 10,221

9. Related party transactions

The company has taken advantage of the exemption available under Section 1 a.c. 35 of FRS 102 to not disclose transactions within a wholly owned group.