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REGISTERED NUMBER: 02227268 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

FOR

ASSURITY CONSULTING LIMITED

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSURITY CONSULTING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024







DIRECTORS: S Parrington
F C Cawley





REGISTERED OFFICE: 26 Redkiln Way
Horsham
West Sussex
RH13 5QH





REGISTERED NUMBER: 02227268 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

BALANCE SHEET
30 JUNE 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 383,786 230,411
Tangible assets 6 176,964 195,946
Investments 7 200 200
560,950 426,557

CURRENT ASSETS
Stocks 19,078 21,324
Debtors 8 3,612,005 1,398,373
Cash at bank and in hand 834,613 2,258,623
4,465,696 3,678,320
CREDITORS
Amounts falling due within one year 9 1,171,878 1,052,780
NET CURRENT ASSETS 3,293,818 2,625,540
TOTAL ASSETS LESS CURRENT LIABILITIES 3,854,768 3,052,097

PROVISIONS FOR LIABILITIES 11 134,339 97,387
NET ASSETS 3,720,429 2,954,710

CAPITAL AND RESERVES
Called up share capital 12 60,000 60,000
Retained earnings 13 3,660,429 2,894,710
SHAREHOLDERS' FUNDS 3,720,429 2,954,710

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





F C Cawley - Director


ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Assurity Consulting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Change in accounting reference date
Current period figures are for the 18 months from 1 January 2023 to 30 June 2024 in order to align with group companies accounting reference dates. Comparative figures are for the 12 months from 1 January 2022 to 31 December 2022. Because of the different periods the current period figures are not wholly comparable to prior period figures.

Significant judgements and estimates
The directors have made a number of estimates and assumptions regarding the future, and made some significant judgements in applying the accounting policies. These are shown below:

(i) Amounts recoverable on contracts
The directors use their judgement in estimating amounts recoverable on contracts.

Revenue recognition
Turnover is measured at the fair value of the consideration receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and services.

Amounts recoverable on contracts that straddle the year end, and which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold improvements 10-33% on cost
Plant and machinery 10-33% on cost
Computer equipment 20-33% on cost
Fixtures, fittings and equipment 10-33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.


ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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.

Research and development
Expenditure on computer software development is capitalised as an internally generated intangible asset . The useful lives of the company's intangible assets are assessed to be finite and tested for impairment whenever there are indications that the assets may be impaired. Amortisation is recognised in the statement of comprehensive income on a straight-line basis. The estimated useful lives are 3 and 10 years.

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.

Basic financial instruments
Cash in hand is measured at transaction price.

Debtors: Trade, other debtors and amounts owed by participating interests are measured at transaction price. Trade debtors are amounts due from customers for services performed in the ordinary course of business less any impairment provision. These are recognised as current assets as collection is due within one year or less.

Creditors: amounts falling due within one year are measured at transaction price. Trade Creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

Dividends
Dividends are recognised in the company's financial statements in the year in which they are approved in general meetings by the company's shareholders. Interim dividends are recognised when they are paid.

Share capital
Ordinary shares are classified as equity.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease.

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 90 (2022 - 87 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 820,042
Additions 296,326
At 30 June 2024 1,116,368
AMORTISATION
At 1 January 2023 589,631
Charge for period 142,951
At 30 June 2024 732,582
NET BOOK VALUE
At 30 June 2024 383,786
At 31 December 2022 230,411

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,102,229
Additions 124,768
Disposals (312,674 )
At 30 June 2024 914,323
DEPRECIATION
At 1 January 2023 906,283
Charge for period 143,749
Eliminated on disposal (312,673 )
At 30 June 2024 737,359
NET BOOK VALUE
At 30 June 2024 176,964
At 31 December 2022 195,946

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 31 December 2022 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Environmental Monitoring Services Limited
Registered office: UK
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2022
£    £   
Aggregate capital and reserves 100 100

Elementus Limited
Registered office: UK
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2022
£    £   
Aggregate capital and reserves 100 100

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 793,784 830,660
Amounts recoverable on contract 423,697 418,143
Other debtors 2,394,524 149,570
3,612,005 1,398,373

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 116,940 88,022
Amounts owed to participating interests - 13,110
Taxation and social security 683,850 504,601
Other creditors 371,088 447,047
1,171,878 1,052,780

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 276,592 232,762
Between one and five years 250,211 287,478
526,803 520,240

11. PROVISIONS FOR LIABILITIES
2024 2022
£    £   
Deferred tax
Accelerated capital allowances 38,392 39,784
Other timing differences 95,947 57,603
134,339 97,387

Deferred
tax
£   
Balance at 1 January 2023 97,387
Charge to Income Statement during period 36,952
Balance at 30 June 2024 134,339

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
30,000 Ordinary A £1 30,000 30,000
30,000 Ordinary B £1 30,000 30,000
60,000 60,000

13. RESERVES
Retained
earnings
£   

At 1 January 2023 2,894,710
Profit for the period 1,245,719
Dividends (480,000 )
At 30 June 2024 3,660,429

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

The Report of the Auditors was unqualified.

Julien Upson (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

ASSURITY CONSULTING LIMITED (REGISTERED NUMBER: 02227268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


15. RELATED PARTY DISCLOSURES

During the period the company was charged management fees of £nil (2022 £13,110) from Assurity Consulting Holdings Limited.

Included in creditors is an amount of £nil (2022 £13,110) due to Assurity Consulting Holdings Limited.

During the period the company paid dividends to Assurity Consulting Holdings Limited of £300,000 (2022: £300,000).

During the period the company lent £2,375,112 to Celnor Group Limited. At the year end the company was owed £2,267,830 (2022 £nil) by Celnor Group Limited. The loan is non interest bearing and repayable on demand.

During the period the company was charged gross of VAT management fees of £107,282 (2022 £nil) from Celnor Group Limited. This is charged against the aforementioned inter company loan.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Celnor Topco Limited.

R Barnes was considered to be the ultimate controlling party until 21 December 2023. Since that date the company is jointly owned by Assurity Consulting Holdings Limited and Celnor Group Limited. The latter has a controlling interest in Assurity Consulting Holdings Limited.