REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Kick Business Software Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Kick Business Software Limited |
Kick Business Software Limited (Registered number: SC196060) |
Contents of the Financial Statements |
For The Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Kick Business Software Limited |
Company Information |
For The Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Chartered Accountants & Statutory Auditors |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Kick Business Software Limited (Registered number: SC196060) |
Abridged Statement of Financial Position |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
Kick Business Software Limited (Registered number: SC196060) |
Notes to the Financial Statements |
For The Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Kick Business Software Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
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 statement of financial position date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | SECURED DEBTS |
The floating and fixed charge held by HSBC Bank PLC was satisfied during the year. At year end, there are no charges held against the company which relate to debts on the companies balance sheet. |
Kick Business Software Limited (Registered number: SC196060) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | CONTINGENT LIABILITIES |
At September 2024, a cross guarantee exists between the company, Kick Business Software Limited, and GLAS Trust Corporation Limited. The contingent liability associated with this at 30 September 2024 is £15,750,000. |
A second new cross guarantees were created between the company and LDC (Managers) Limited.The contingent liability associated with this at 30 September 2024 is £26,924,217. |
7. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
8. | ULTIMATE CONTROLLING PARTY |
The company is under the control of T O'Hara C.A, D M Chazan and LDC (Nominees) Limited by virtue of their shareholdings in Solais Topco Limited which in turn controls immediate parent company. |