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REGISTERED NUMBER: 06861271 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CYBERCX UK LTD

CYBERCX UK LTD (REGISTERED NUMBER: 06861271)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CYBERCX UK LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: K O'Sullivan
J Paitaridis
C Martin
P Mason





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 06861271 (England and Wales)





INDEPENDENT AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

CYBERCX UK LTD (REGISTERED NUMBER: 06861271)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,292 99,986

CURRENT ASSETS
Debtors 5 411,007 338,199
Cash at bank 236,193 211,820
647,200 550,019
CREDITORS
Amounts falling due within one year 6 1,278,819 677,992
NET CURRENT LIABILITIES (631,619 ) (127,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(552,327

)

(27,987

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (553,327 ) (28,987 )
SHAREHOLDERS' FUNDS (552,327 ) (27,987 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





K O'Sullivan - Director


CYBERCX UK LTD (REGISTERED NUMBER: 06861271)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CyberCX UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has an active customer base including multi-year contracts. Management have focused on building additional revenue streams in line with Group capability. Moreover, the company has obtained a letter of support from its parent company, CyberCX Holdings Pty Ltd. The directors of CyberCX Holdings Pty Ltd have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for a period in excess of 12 months and 1 day from the date of the audit report. The Group, which CyberCX Holdings Pty Ltd is parent of, has received a letter of support from BGH Capital which extends support for the period of 12 months from the date of approval of the 30 June 2024 financial report, being 30 October 2024, subject to the customary board and internal approvals required of each of the BGH Fund I entities, limited to the amounts guaranteed in the bank facility arrangement due on 31 May 2025.

As a result of the above reasons, the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of consultancy services and annual subscriptions, excluding value added tax. Turnover related to consultancy services is recognised based on contractual terms when services are provided. Annual subscriptions are recognised on a time apportionment basis.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 10%-33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CYBERCX UK LTD (REGISTERED NUMBER: 06861271)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

CYBERCX UK LTD (REGISTERED NUMBER: 06861271)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 194,323
Additions 11,080
At 30 June 2024 205,403
DEPRECIATION
At 1 July 2023 94,337
Charge for year 31,774
At 30 June 2024 126,111
NET BOOK VALUE
At 30 June 2024 79,292
At 30 June 2023 99,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 197,366 239,608
Amounts owed by group undertakings 64,009 -
Other debtors 149,632 98,591
411,007 338,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 21,839 26,904
Amounts owed to group undertakings 675,939 459,743
Taxation and social security 126,270 123,237
Other creditors & accruals 454,771 68,108
1,278,819 677,992

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 76,175 147,500
Between one and five years - 518,675
76,175 666,175

CYBERCX UK LTD (REGISTERED NUMBER: 06861271)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, 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 members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed."

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

11. ULTIMATE PARENT COMPANY

The ultimate parent company is CyberCX Holdings Pty Ltd, a company incorporated in Australia with registered office at Level 4, 330 Collins Street, Melbourne VIC 3000, Australia. This is the largest and smallest group for which consolidated accounts are produced. Consolidated accounts are not publicly available. The immediate parent company is CyberCX Pty Ltd, a company incorporated in Australia.

12. RELATED PARTY TRANSACTIONS

Consultancy and other expenses amounting to £168,441 (2023: Nil) were paid to a company where one of the directors of CyberCX UK Limited is also a director and shareholder of that company.

As at 30 June 2024, there is an amount of £20,771 (2023: Nil) owing to this company. This amount is included in trade creditors and is payable on demand and non-interest bearing.