IRIS Accounts Production v24.3.2.46 Webhelp Payment Services UK Ltd 01946066 Board of Directors Board of Directors Board of Directors 1.1.24 30.11.24 30.11.24 6/3/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019460662023-12-31019460662024-11-30019460662024-01-012024-11-30019460662022-12-31019460662023-01-012023-12-31019460662023-12-310194606612024-01-012024-11-3001946066ns15:EnglandWales2024-01-012024-11-3001946066ns14:PoundSterling2024-01-012024-11-3001946066ns10:Director12024-01-012024-11-3001946066ns10:Director22024-01-012024-11-3001946066ns10:Director32024-01-012024-11-3001946066ns10:PrivateLimitedCompanyLtd2024-01-012024-11-3001946066ns10:SmallEntities2024-01-012024-11-3001946066ns10:Audited2024-01-012024-11-3001946066ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-11-3001946066ns10:SmallCompaniesRegimeForAccounts2024-01-012024-11-3001946066ns10:FullAccounts2024-01-012024-11-3001946066ns10:OrdinaryShareClass12024-01-012024-11-3001946066ns10:RegisteredOffice2024-01-012024-11-3001946066ns5:CurrentFinancialInstruments2024-11-3001946066ns5:CurrentFinancialInstruments2023-12-3101946066ns5:ShareCapital2024-11-3001946066ns5:ShareCapital2023-12-3101946066ns5:RetainedEarningsAccumulatedLosses2024-11-3001946066ns5:RetainedEarningsAccumulatedLosses2023-12-3101946066ns5:ComputerEquipment2023-12-3101946066ns5:ComputerEquipment2024-11-3001946066ns5:ComputerEquipment2023-12-3101946066ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3001946066ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101946066ns10:OrdinaryShareClass12024-11-3001946066ns5:RetainedEarningsAccumulatedLosses2023-12-3101946066ns5:RetainedEarningsAccumulatedLosses2024-01-012024-11-300194606612024-01-012024-11-30
REGISTERED NUMBER: 01946066 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 NOVEMBER 2024

FOR

CONCENTRIX PAYMENT SERVICES UK
LIMITED

CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CONCENTRIX PAYMENT SERVICES UK
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024







DIRECTORS: E Quay-Thevenon
A A Farwig
J C Fogarty





REGISTERED OFFICE: C/O Civvals Limited
50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 01946066 (England and Wales)





AUDITORS: Orcom Civvals Audit Limited
Chartered Accountants and
Statutory Auditors
50 Seymour Street
London
W1H 7JG

CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 411,938 367,318
Cash at bank 20,449 29,154
432,387 396,472
CREDITORS
Amounts falling due within one year 7 (96,338 ) (75,386 )
NET CURRENT ASSETS 336,049 321,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,049

321,086

CAPITAL AND RESERVES
Called up share capital 8 270,000 270,000
Retained earnings 9 66,049 51,086
SHAREHOLDERS' FUNDS 336,049 321,086

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:




E Quay-Thevenon - Director A A Farwig - Director




J C Fogarty - Director


CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Concentrix Payment Services UK 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
These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Going concern
The directors consider the going concern basis of preparation of the financial statements to be appropriate.

In making their assessment the directors have prepared budgets and cash flow forecasts covering a period of 12 months from the date of approval of these financial statements (the going concern assessment period). Based on their assessment the directors consider that the company will have sufficient funds to meet its working capital requirements during that period.

Significant judgements and estimates
The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The notes to the financial statements set out areas involving a higher degree of judgement, or areas where assumptions are significant to the reporting entity and its financial report such as:
- useful economic lives of tangible assets
- fair value of assets and liabilities
- recoverability of tax receivables, deferred tax assets and measurement of current and deferred tax liabilities can require significant judgement, particularly where the recoverability of such tax balances relies on the estimation of future taxable profits and management's determination of the likelihood that uncertain tax positions will be accepted by the relevant taxation authority

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Management believes that the estimates used in preparing this financial statements are reasonable. Actual results in the future may differ from those reported and it is therefore reasonably possible, on the basis of existing knowledge, that outcomes within the next financial year that are different from management's assumptions and estimates could require an adjustment to the carrying amounts of the reported assets and liabilities in future reporting periods.

CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

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


3. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Computer equipment 10% to 33.33% straight line
Fixtures, fittings and equipment 10% to 20% straight line

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank.

4. EMPLOYEES AND DIRECTORS

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

CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

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


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 30 November 2024 165,905
DEPRECIATION
At 1 January 2024
and 30 November 2024 165,905
NET BOOK VALUE
At 30 November 2024 -
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 408,607 363,121
Other debtors 1,100 1,100
VAT 2,231 2,446
Prepayments - 651
411,938 367,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,731 29,998
Tax 4,868 2,453
Social security and other taxes 818 -
Other creditors 26,891 1,071
Accrued expenses 43,030 41,864
96,338 75,386

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
270,000 Ordinary £1 270,000 270,000

The company has one class of ordinary shares. Ordinary shares have full rights in the company with respect to voting, dividend and capital distribution.

CONCENTRIX PAYMENT SERVICES UK
LIMITED (REGISTERED NUMBER: 01946066)

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


9. RESERVES
Retained
earnings
£   

At 1 January 2024 51,086
Profit for the period 14,963
At 30 November 2024 66,049

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

The Report of the Auditors was unqualified.

Aamir Kazi (Senior Statutory Auditor)
for and on behalf of Orcom Civvals Audit Limited

11. RELATED PARTY DISCLOSURES

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.

12. POST BALANCE SHEET EVENTS

There were no material events subsequent to 30 November 2024 and up until the the authorisation of the financial statements for issue, that have not been disclosed elsewhere in the financial statements.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Concentrix Corporation, a company registered in USA.

Concentrix Payment Services France SAS, a company registered in France, is the immediate parent company and controls Concentrix Payment Services UK Limited by virtue of its 100% shareholding in the company.