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REGISTERED NUMBER: SC244826 (Scotland)















Financial Statements For The Year Ended 30 September 2024

for

Kick Comms Limited

Kick Comms Limited (Registered number: SC244826)






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 Comms Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: T O'Hara C.A
A McDonald





REGISTERED OFFICE: Solais House 19 Phoenix Crescent
Strathclyde Business Park
Bellshill
ML4 3NJ





REGISTERED NUMBER: SC244826 (Scotland)





INDEPENDENT AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Kick Comms Limited (Registered number: SC244826)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 77,673 88,351
Tangible assets 5 593 1,198
78,266 89,549

CURRENT ASSETS
Stocks 10,287 21,137
Debtors 914,673 613,401
Cash at bank 104,141 119,454
1,029,101 753,992
CREDITORS
Amounts falling due within one year 265,276 253,532
NET CURRENT ASSETS 763,825 500,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

842,091

590,009

PROVISIONS FOR LIABILITIES 299 299
NET ASSETS 841,792 589,710

CAPITAL AND RESERVES
Called up share capital 115 115
Share premium 1,600 1,600
Capital redemption reserve 10 10
Retained earnings 840,067 587,985
SHAREHOLDERS' FUNDS 841,792 589,710

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2025 and were signed on its behalf by:





T O'Hara C.A - Director


Kick Comms Limited (Registered number: SC244826)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Kick Comms Limited is a private company, limited by shares , registered in Scotland. 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. 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.

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 is derived from the telecommunication services supplied by the company.

Turnover comprises the value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts. Revenue is not recognised until the amount of revenue can be measured reliably and it is probable that the company will receive the consideration due. Turnover includes service charge income that is recognised in the month the service relates. Revenue from the sale of goods is recognised once the company has transferred the significant risk and rewards of ownership to the buyer

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

Kick Comms Limited (Registered number: SC244826)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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 statement of comprehensive income, except to the extent that it relates to items recognised 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Kick Comms Limited (Registered number: SC244826)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 130,600
Additions 41,200
At 30 September 2024 171,800
AMORTISATION
At 1 October 2023 42,249
Amortisation for year 51,878
At 30 September 2024 94,127
NET BOOK VALUE

At 30 September 2024 77,673
At 30 September 2023 88,351

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 40,201
DEPRECIATION
At 1 October 2023 39,003
Charge for year 605
At 30 September 2024 39,608
NET BOOK VALUE
At 30 September 2024 593
At 30 September 2023 1,198

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,551 15,551
Between one and five years 9,519 25,070
25,070 40,621

7. 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 Comms Limited (Registered number: SC244826)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

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

The Report of the Auditors was unqualified.

Graham Cantlay (Senior Statutory Auditor)
for and on behalf of Robb Ferguson

9. CONTINGENT LIABILITIES

At September 2024, a cross guarantee exists between the company, Kick Comms Limited, and GLAS Trust
Corporation Limited. The contingent liability at 30 September 2024 is £15,750,000.

At September 2024, a cross guarantee exists between the company, Kick Comms Limited, and LDC (Managers) Limited. The contingent liability at 30 September 2024 is £26,924,217.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
G Paterson
Balance outstanding at start of year 4,986 4,986
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,986 4,986

11. RELATED PARTY DISCLOSURES

As at the statement of financial position date of 30 September 2024 an amount of £837,509 was due from Kick
ICT Group Limited (2023: £492,234), the immediate parent undertaking. No interest is charged and the amount
is repayable on demand.

12. 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.

13. POST BALANCE SHEET EVENTS

Kick ICT Group Ltd owns 100% of post year end profits after buying back all shares.

14. ULTIMATE CONTROLLING PARTY

The company is under the control of T O'Hara C.A, D M Chazan, A Turnbull and LDC (Nominees) Limited by
virtue of their shareholdings in Solais Topco Limited which in turn controls Kick ICT Group Limited which is
the company's immediate parent company.