IRIS Accounts Production v24.3.2.46 SC188830 Board of Directors 1.10.23 30.9.24 30.9.24 19.3.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1888302023-09-30SC1888302024-09-30SC1888302023-10-012024-09-30SC1888302022-09-30SC1888302022-10-012023-09-30SC1888302023-09-30SC188830ns15:Scotland2023-10-012024-09-30SC188830ns14:PoundSterling2023-10-012024-09-30SC188830ns10:Director12023-10-012024-09-30SC188830ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC188830ns10:SmallEntities2023-10-012024-09-30SC188830ns10:Audited2023-10-012024-09-30SC188830ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC188830ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC188830ns10:AbridgedAccounts2023-10-012024-09-30SC188830ns10:Director62023-10-012024-09-30SC188830ns10:RegisteredOffice2023-10-012024-09-30SC188830ns5:CurrentFinancialInstruments2024-09-30SC188830ns5:CurrentFinancialInstruments2023-09-30SC188830ns5:ShareCapital2024-09-30SC188830ns5:ShareCapital2023-09-30SC188830ns5:SharePremium2024-09-30SC188830ns5:SharePremium2023-09-30SC188830ns5:CapitalRedemptionReserve2024-09-30SC188830ns5:CapitalRedemptionReserve2023-09-30SC188830ns5:RetainedEarningsAccumulatedLosses2024-09-30SC188830ns5:RetainedEarningsAccumulatedLosses2023-09-30SC188830ns5:PlantMachinery2023-10-012024-09-30SC188830ns5:FurnitureFittings2023-10-012024-09-30
REGISTERED NUMBER: SC188830 (Scotland)















Financial Statements For The Year Ended 30 September 2024

for

Consilium U.K. Limited

Consilium U.K. Limited (Registered number: SC188830)






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


Consilium U.K. 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: SC188830 (Scotland)





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

Consilium U.K. Limited (Registered number: SC188830)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 33,351

CURRENT ASSETS
Debtors 3,397,236 4,809,773
Cash at bank 58,175 243,654
3,455,411 5,053,427
CREDITORS
Amounts falling due within one year 546,503 1,451,882
NET CURRENT ASSETS 2,908,908 3,601,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,908,908

3,634,896

PROVISIONS FOR LIABILITIES - (8,338 )

ACCRUALS AND DEFERRED INCOME (805,662 ) (1,969,917 )
NET ASSETS 2,103,246 1,656,641

CAPITAL AND RESERVES
Called up share capital 6 198 198
Share premium 47,976 47,976
Capital redemption reserve 55 55
Retained earnings 2,055,017 1,608,412
2,103,246 1,656,641

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


Consilium U.K. Limited (Registered number: SC188830)

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

1. STATUTORY INFORMATION

Consilium U.K. 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.

At close of business on 30 September 2023 the company transferred the trade of the business to Kick ICT Group Limited, the parent company. On 1 October 2023 the employees of Consilium U.K. Limited also transferred to the payroll of Kick ICT Group Limited.

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 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 the the company will receive the consideration due. Turnover includes maintenance contract income that is recognised over the period of a contract on a straight line basis. Revenue from the sale of goods and licenses is recognised once the company has transferred the significant risk and rewards of ownership to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 25% on cost
Furniture & fittings - 33.33% on cost

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.


Consilium U.K. Limited (Registered number: SC188830)

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

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 90,796
Reclassification/transfer (90,796 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 57,445
Charge for year 14,640
Reclassification/transfer (72,085 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 33,351

5. 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.

Consilium U.K. Limited (Registered number: SC188830)

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

6. CALLED UP SHARE CAPITAL

Allotted, issues and fully paid:


Number

Class

Nominal
value
Opening
capital

Reclassification

Closing capital

150 Ordinary £1 150 48 198
3 D Ordinary £1 3 (3) -
2 F Ordinary £1 2 (2) -
18 G Ordinary £1 18 (18) -
25 H Ordinary £1 25 (25) -
198 198

7. 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

8. CONTINGENT LIABILITIES

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

9. 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.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of T O'Hara C.A, D M Chazan, A Turnbull and LDC (Nominees) Limited
throughout the year ended 30 September 2024 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.