Registered number:
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
COMPANY INFORMATION
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
CONTENTS
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Director presents the group strategic report of Automation Consultants Holdings Limited, a holding company of an IT services and software group.
These financial statements are the first consolidated financial statements of the Group. Automation Consultants Limited, a 100% owned subsidiary, is an agile and devops consultancy with a complementary software development business which uses the AppFox name. It is a leading Atlassian Solution partner in the UK, and a leading vendor of apps in the Atlassian Marketplace. It also has partnerships with AWS, monday.com, JFrog and Miro.
During the financial year, the business continued to grow strongly. Licence resale revenues stood out as customers continued to invest in Atlassian products and transitioned to the cloud in ever greater numbers. Consultancy and software development also grew strongly.
It is expected that licence sales will continue to be a major part of the business in future, but the margins provided by Atlassian and other partners have recently been reduced, which is likely to affect the profitability of this activity. The consultancy business’ main activities consisted of migrations of customer systems from on-premises deployment to the Atlassian Cloud; consultancy on agile transformations; and consultancy on cloud operations and integrations. The consultancy business in future is expected to do fewer migrations, as the majority of Atlassian customers will already have migrated to the cloud. The Group is, however, well placed to perform other activities such as cloud operations and integrations and agile consultancy. It is also positioning itself to provide services related to Atlassian System of Work, a new initiative by Atlassian which aims to promote its ways of working and thus its products to customer teams outside the field of technology. The AppFox business focused on building out the features of its cloud products and enabling them to operate at scale as customers migrate from the on-premises versions of our products to the cloud versions. Significant investments were made in ensuring there was sufficient technical support for a growing customer base. It is expected that the app business will continue to grow, with an ever greater proportion of revenue coming from cloud products. The Group’s managed services business remained steady during the period, but acquired some significant cloud-based customers. The performance of the subsidiary, Automation Consultants Limited, continues to support the investment held by this company.
The technology consulting and software industries are very competitive and fast moving and this creates risks for the Company. The main risks include shifts in technology which could render our products and services less desirable; the emergence of new competitors; and actions or policy changes done by our partners, principally Atlassian.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Turnover grew by 70% during the period (2023: 51%). Part of the growth was generated by a small number of large software resale transactions which do not repeat annually, but a significant component consisted of more regular growth. Operating profit grew by 5% (2023: 78%). This reflects a high level of investment in new sales staff and in the Company’s capacity to service a larger customer base for its own AppFox software products.
The balance sheet remains strong, with no debt or other large financial obligations. Net assets grew by 14% and the Group maintained a significant cash balance. Future developments The Group’s strategy for consultancy will focus on strengthening its offering in agile at scale and ITSM around the Atlassian toolset. It will also offer consultancy based on the theme of the ‘Atlassian Way of Working’. The Group will develop its capabilities in delivering projects involving artificial intelligence (AI), both within the Atlassian ecosystem and more generally, through training its consultants in AI skills. The Group will also seek strategic partnerships with other consultancy firms to enable it to deliver its services at greater scale, or where there are complementary capabilities. The Group strategy regarding products is to invest in its current, successful product range in the Atlassian ecosystem, by developing new features, including AI-based features using the Atlassian Rovo platform, and improving quality. The Group’s products focus principally on managing customers’ Confluence data, so that data is classified and protected, and business processes can be applied to Confluence content. The Group believes that control of data and maximising its potential will be a key concern of all organisations in the context of the ever-increasing importance of AI. The Group will also seek to build products in other ecosystems similar to Atlassian’s and reinforce success in these ecosystems. The Group’s managed services strategy is to develop its managed services skills with cloud products and to expand beyond the Atlassian ecosystem into adjacent areas such as the monday.com ecosystem.
This report was approved by the board and signed on its behalf.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Director presents his report and the financial statements for the year ended 31 March 2024. These financial statements are the first consolidated financial statements the Group has prepared.
The Director who served during the year was:
The profit for the year, after taxation, amounted to £865,790 (2023 - £871,242).
A dividend of £350,000 (2023: £nil) was declared and paid during the year ended 31 March 2024.
The Director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the Director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The Director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Further details of the Group's future strategy can be found in the Strategic Report.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
There have been no significant events affecting the Group since the year end.
The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOMATION CONSULTANTS HOLDINGS LIMITED
We have audited the financial statements of Automation Consultants Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2024, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Director with respect to going concern are described in the relevant sections of this report.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOMATION CONSULTANTS HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance or conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOMATION CONSULTANTS HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
∙enquiry of management and those charged with governance around actual and potential litigation and claims;
∙review of minutes of meetings of the Director throughout the Group;
∙enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
∙reviewing financial statement disclosures and testing of supporting documentation to assess compliance with applicable laws and regulations;
∙performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
The financial statements for the year ended 31 March 2023 were unaudited.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTOMATION CONSULTANTS HOLDINGS LIMITED (CONTINUED)
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 an Auditor's Report 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.
for and on behalf of
Chartered Accountants and Statutory Auditor
201 Cumnor Hill
Oxfordshire
OX2 9PJ
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 12521026
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 30 form part of these financial statements.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
REGISTERED NUMBER: 12521026
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 30 form part of these financial statements.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Automation Consultants Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12521026. The registered office is Building 1420, Arlington Business Park, Theale, Reading, Berkshire, RG7 4SA.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The financial statements are rounded to the nearest pound GBP.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The Director has prepared forecasts covering a period of at least 12 months from approval of the financial statements which support the Director's assumption that the Group and Company will remain a going concern for 12 months from approval of the financial statements.
The Group made a profit for the year of £865,790 (2023: £871,242) and at the year end had net assets of £4,297,480 (2023: £3,781,891). Subsequent to the year-end, the Group secured a loan of £1,800,000 to support the implementation of a large customer transaction. The Director has considered its ongoing relationship with the third-party software provider of whose partner programme the Group is a member, alongside recurring revenue, and considers that the Group and Company have sufficient working capital to meet these costs as they fall due. As a result, the financial statements have been prepared on the going concern basis.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The Group also provides consultancy and training services to customers. Revenues from consultancy and training services are recognised over the period the consultancy or training services are undertaken.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
Goodwill
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
Assets that are subject to amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expires, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
The Director considers the most significant judgements made in the preparation of the financial statements to be as follows: Principal or agent The Director has considered whether the Group is the principal or agent on its sales of third-party software. See accounting policy 2.5 for further information. Research and development tax claim The Director has considered the nature of spend incurred on research and development and considers that costs claimed in the assessment of the Group's taxable profits are qualifying. Business combinations and goodwill The Company/Group accounts for business combinations using the acquisition method of accounting. The cost of the business combination is measured as the aggregate of the fair value of assets given, liabilities incurred or assumed and equity instruments issued. The determination of fair value requires the Director to make estimations that include internal and external market data. Any variation in estimation would have an impact to goodwill arising on consolidation. Goodwill is amortised over its useful economic life of 10 years. The Director reviews the useful economic life of goodwill annually and when conditions exist that indicate a change in the useful economic life of the acquired company.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of turnover by country of destination:
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the year was £
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Share premium account
Foreign exchange reserve
Profit and loss account
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
During the preparation of the financial statements, the Director corrected for certain errors in prior periods as follows:
∙Cumulative dividends received from the subsidiary of £1,634,536 up to 31 March 2022 were credited against the cost of investment held in the subsidiary, with further dividends received of £200,000 credited against the cost of the investment during the year ended 31 March 2023.
∙The Company accounted for its investment in subsidiary using equity accounting principles. As at 31 March 2022, cumulative profits of its subsidiary of £1,635,142 were debited against the cost of the investment in the subsidiary, with a further £937,020 debited against the cost of the investment during the year ended 31 March 2023.
∙The Company amortised the value of its investment in subsidiary. As at 31 March 2022, cumulative amortisation of £203,951 had been recognised as a credit against the cost of the investment, with a further £203,951 amortised during the year ended 31 March 2023.
∙The Company had not accounted for transaction costs associated with the business combination on 13 July 2020 in the cost of the investment, with costs of £89,985 not recognised in the cost of the investment at 31 March 2022. During the year ended 31 March 2023, £18,345 of business combination transaction costs that had been accounted for previously in the cost of the investment were credited out of the investment cost.
The effect of the correction of the above four errors is as follows:
As at 1 April 2022
∙Increase in cost of investment in subsidiary and retained earnings by £293,330
During the year ended 31 March 2023
∙Decrease in cost of investment in subsidiary by £221,394
∙Increase in profit of £422,296
Furthermore, at 31 March 2023, deferred consideration of £100,000 was classified as a non-current liability. The Director has restated this in the prior period comparatives as a current liability as the liability was due for settlement in July 2023. This has had no impact on net assets at 31 March 2023.
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £129,540 (2023: £93,587). At the year end £24,745 (2023: 19,029) was owed to the fund.
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AUTOMATION CONSULTANTS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The ultimate controlling party is
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