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REGISTERED NUMBER: 15000754 (England and Wales)









Audited Financial Statements

for the Period 13 July 2023 to 31 December 2024

for

XURRENT SOFTWARE UK LIMITED

XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Contents of the Financial Statements
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XURRENT SOFTWARE UK LIMITED

Company Information
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024







DIRECTORS: K G Mcgibben
D O Aubuchon





REGISTERED OFFICE: 6th Floor One London Wall
London
EC2Y 5EB





REGISTERED NUMBER: 15000754 (England and Wales)





AUDITORS: Gravita Audit Western Limited
Chartered Accountants & Registered Auditors
6-8 Bath Street
Bristol
BS1 6HL

XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Balance Sheet
31 DECEMBER 2024

Notes £   
FIXED ASSETS
Tangible assets 4 30,477

CURRENT ASSETS
Debtors 5 177,657
Cash at bank 111,889
289,546
CREDITORS
Amounts falling due within one year 6 (202,464 )
NET CURRENT ASSETS 87,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,559

PROVISIONS FOR LIABILITIES (7,619 )
NET ASSETS 109,940

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 109,939
109,940

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





D O Aubuchon - Director


XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Notes to the Financial Statements
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024


1. COMPANY INFORMATION

Xurrent Software 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 company's principal activities and nature of its operations was that of sales and marketing support for the provision of technology based service management.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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 measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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 - Straight line over 36 months

XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Notes to the Financial Statements - continued
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Notes to the Financial Statements - continued
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 45,061
At 31 December 2024 45,061
DEPRECIATION
Charge for period 14,584
At 31 December 2024 14,584
NET BOOK VALUE
At 31 December 2024 30,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 95,361
Other debtors 50,573
VAT 10,593
Prepayments and accrued income 21,130
177,657

XURRENT SOFTWARE UK LIMITED (REGISTERED NUMBER: 15000754)

Notes to the Financial Statements - continued
FOR THE PERIOD 13 JULY 2023 TO 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 17,519
Tax 32,015
Social security and other taxes 40,006
Other creditors 8,665
Accruals and deferred income 104,259
202,464

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

The Report of the Auditors was unqualified.

Matthew Bracher FCA BSc (Senior Statutory Auditor)
for and on behalf of Gravita Audit Western Limited