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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
CONTENTS
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CONTACTUM LIMITED
COMPANY INFORMATION
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CONTACTUM LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their strategic report for Contactum Ltd for the year ended 31 December 2024, a leading UK distributer of wiring accessories and circuit protection products. The company remains committed to delivering high-quality solutions, ensuring regulatory compliance, and driving innovation to meet market demands.
Business model and strategy
Contactum Ltd designs, manufactures, and distributes a comprehensive range of wiring accessories and circuit protection solutions. The business strategy is focused on:
∙Strengthening market position through innovation and new product development.
∙Enhancing operational efficiency and supply chain resilience.
∙Expanding customer reach within the UK and selected international markets.
∙Commitment to sustainability and compliance with industry regulations.
Market overview and performance
The UK wiring accessories and circuit protection sector remains competitive, influenced by evolving regulatory requirements, technological progress, and the increasing focus on energy efficiency. However, during the financial year, the company experienced a 22% decline in revenue due to reduced demand within the commercial and residential construction sectors, impacted by economic uncertainty, supply chain disruptions, and shifting market dynamics.
Key market trends include:
∙Rising demand for Renewable Energy Integration.
∙Stricter regulatory requirements, including BS7671 and The Building Safety Act 2024.
∙Supply chain disruptions affecting material costs and availability.
∙Growing emphasis on sustainability and the adoption of eco-friendly materials in product manufacturing and packaging.
Financial performance
For the year ending 2024, the company delivered a revenue of £14,568,376 (2023: £18,670,413) and a net loss of £(4,024,351) (2023: net profit of £539,133) reflecting a 22% year-on-year decline in revenue and exceptional costs incurred restructuring the business.
Key financial highlights include:
∙Gross margin before exceptional items fell to 23.2% through raw material and finished goods cost fluctuations and stock impairments.
∙The impairment following the adoption of the Group Stock Provision policy has impacted the P&L to the value of £1,776,167 in respect of stock held as at the year end.
∙Restructuring exceptional costs of £1,491,856 incurred on termination of operations at its Cricklewood site to prepare the business for a stronger position of growth in 2025 and onwards.
∙Foreign exchange loss of £356,190 further impacted the reported P&L as at year ended 2024.
∙Stock fell from £7,636,101 to £3,523,576 due to the timing of purchases and the introduction of the Group stock provision policy.
During 2024, with the weakening of GBP and repayments being made, the balances owed to group undertakings, denominated in foreign currencies, resulted in the company experiencing a foreign exchange loss of £356,190 (2023: gain £1,382,590) in the year ended 31 December 2024.
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CONTACTUM LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The net current liabilities position decreased from £13,861,919 to £17,952,103 partially supported by amounts owed to group undertakings which increased from £23,522,290 to £24,397,741, including the foreign exchange gain but also through the decrease in stock.
Trade creditors decreased to £572,423 as at 31 December 2024 (2023: £2,275,745) due to the timing of stock purchases prior to the 2023 year end.
Achievements
Manufacturing & supply chain
The start of 2024 saw the company successfully relocated its warehouse and offices to a larger facility to support future growth. Continuous improvements in production efficiency and cost control have helped mitigate supply chain disruptions. The company has also pursued the consolidation of supply partners to enhance reliability and cost-effectiveness. By the end of the year, a company restructure resulted in the closure of the UK manufacturing site, with operations being realigned to enhance efficiency. Production and assembly have been transitioned to the new site to ensure continuity and operational optimisation.
Product development
The company, in conjunction with the parent company, has continued its research and development activities continued for preparation of new products to be launched in 2025, including new wiring accessories and upgraded circuit protection solutions.
Sustainability initiatives
The directors are mindful of environmental issues and have sought to minimise the impact of the company's activities on the environment and implemented energy-efficient manufacturing processes and introduced recyclable packaging for selected product lines.
The Board continuously assesses key risks that may impact the business. The main risks identified for the period include:
Economic uncertainty
Potential impact of inflation and market slowdowns on customer spending.
Regulatory compliance
Adapting to changes in UK and EU regulatory frameworks affecting electrical products.
Supply chain risks
Managing component shortages and material price volatility.
Technological disruption
Need for continuous investment in R&D to stay ahead of industry advancements.
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CONTACTUM LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Credit risk
The company’s principal financial assets include bank balances, trade debtors, and other debtors. Credit risk is primarily associated with trade debtors, with allowances made for doubtful debts. Risk is mitigated by working with creditworthy UK customers and requiring advance payments for export markets. The company has no significant concentration of credit risk as exposure is spread across numerous counterparties and customers.
Liquidity risk
The company mitigates liquidity risk by forecasting future cash flow requirements and maintaining sufficient cash reserves to meet obligations.
Foreign currency risk
The company conducts transactions in foreign currencies and actively manages exposure to fluctuations by balancing foreign currency assets and liabilities while timing transactions effectively.
Uncertainties The required revenue growth for Contactum is dependent on its continued strategy to develop the “Projects Market” where the compliance to regulatory standards, safety and quality are the main drivers. The ability to develop new opportunities, broaden our product portfolio, identify new markets and adapt to market conditions are seen as key to achieving increased market share.
Financial key performance indicators
During the period under review the Key Performance Indicator systems in place have been further developed across the business which has continued to improve the measurement and monitoring of the business.
The key performance indicators used in the business to monitor strategy include:
∙Sales Growth with existing and new customers
∙Gross and net profit margin
∙Customer credit exposure
∙Operating cash flow
∙Stock levels
∙On time delivery performance, by product and by order.
Other performance indictators
The directors are committed to promoting the health, safety and welfare of their staff and to ensure appropriate measures are undertaken in this regard.
The company remains well-positioned to achieve sustainable growth. Key strategic priorities for the coming year include:
∙Expanding the product portfolio to meet the evolving needs of the market.
∙Strengthening relationships with key distribution partners and direct customers.
∙Enhancing synergies within the alfanar group by fostering collaboration with other subsidiaries to drive operational efficiency, supply chain resilience and innovation.
∙Continuing investment in sustainability initiatives and reducing carbon footprint.
∙Maintaining management systems and ensuring compliance with health & safety and staff welfare standards.
∙Actively promoting these standards throughout the supply chain to strengthen corporate responsibility and operational excellence.
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CONTACTUM LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Despite ongoing market challenges, Contactum is confident in its ability to drive innovation, show a strong financial performance, and deliver value to stakeholders. The Directors are committed to ensuring long-term resilience and growth.
This report was approved by the board and signed on its behalf.
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CONTACTUM LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The loss for the year, after taxation, amounted to £4,024,351 (2023 - profit £539,133).
The directors have not recommended a dividend.
The directors who served during the year were:
As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008', in the strategic report.
There have been no significant events affecting the company since the year end.
Going concern The financial statements have been prepared using the going concern basis of accounting. Further details regarding the adoption of the going concern basis can be found in the accounting policy 2.2 in the notes to the financial statements.
This report was approved by the board and signed on its behalf.
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CONTACTUM LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are 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 to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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CONTACTUM LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTACTUM LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024
We have audited the financial statements of Contactum Limited (the 'company') for the year ended 31 December 2024, which comprise the profit and loss account, the balance sheet, the statement of cash flows, the 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 company 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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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 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.
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CONTACTUM LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTACTUM LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
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CONTACTUM LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTACTUM LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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 financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙ the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙we identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the company.
∙we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the requirements of Financial Reporting Standards (FRS102), the Companies Act 2006, taxation legislation and employment legislation; as well as specific laws and regulations surrounding the industry.
∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
∙ identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries with management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected variances;
∙tested journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙enquiring of management as to actual and potential litigation and claims; and
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
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CONTACTUM LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CONTACTUM LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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.
This report is made solely to the company's directors, 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 directors 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 directors, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B 5AH
Date:
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CONTACTUM LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 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 31 form part of these financial statements.
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CONTACTUM LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Contactum Limited manufactures and sells electrical accessories and circuit protection equipment.
Contactum Limited is a private company limited by shares and is incorporated in England. The address of its principal place of business is Unit 18 Eyncourt Road, Woodside Industrial Estate, Dunstable, LU5 4TS. The registered office of the business is Victoria Works, Edgware Road, London, NW2 6LF. The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on shareholders funds at the end of the year. The directors consider this basis to be appropriate as the company has received a letter of financial support from its parent company, Al Fanar Company.
The company has net current liabilities of £17,952,103 and net total liabilities of £16,966,085 as at 31 December 2024. The company currently meets its day-to-day working capital requirements from intercompany loans and balances with fellow group companies of the group headed by Al Fanar Company. The directors have prepared cash flow forecasts for the next 12 months which show that the company will continue to be reliant on the group to support its working capital needs. These forecasts include key assumptions specifically over the company's future trading activity and acknowledge that variations in the trading assumptions would impact the timing and quantum of cash flows. On the basis of these forecasts Al Fanar Company has confirmed to the directors its intention to continue to provide the necessary support for at least 12 months from the date of approval of these financial statements to enable the company to continue to settle its liabilities as they fall due. The company's directors have reviewed and considered the financial position and performance of Al Fanar Company. Accordingly, the directors consider that the indication of support from Al Fanar Company should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment and have prepared the financial statements on a going concern basis. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not continue.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'interest receivable and similar income' or 'interest payable and similar expenses'. All other foreign exchange gains and losses are presented in the profit and loss account within 'administrative expenses'.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance
sheet date.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 company after deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors, trade financing facilities, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
recognised. The impairment reversal is recognised in the profit and loss account.
Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Ordinary shares are classified as equity.
The carrying value of stock and the associated provisions are disclosed in note 16.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of turnover by country of destination:
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company has carried forward tax losses of £25,097,320 (2023: £21,660,954) potentially available to offset against future taxable profits.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Share premium account
Profit and loss account
The company operates a defined contribution pension scheme whose assets are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company and amounted to £108,587 (2023: £99,866). At the year end £63,206 (2023: £46,275) has been accrued in respect of employer's pension commitments.
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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CONTACTUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
Transactions with (other) related parties are as follows:
Amounts owed to related parties are unsecured, interest free and due for repayment within one year.
Key management personnel Total remuneration paid to key management personnel (including directors) was £620,550 (2023: £667,077).
In the opinion of the directors the immediate controlling party is
The parent undertaking of the smallest and largest group of undertakings for which group financial statements are drawn up and of which the company is a member is
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