Silverfin false false 31/03/2025 01/04/2024 31/03/2025 N Aaron 10/01/2022 M Berry 01/09/2024 R Bundock 29/06/2020 J Temple 02/02/2022 03 July 2025 The principal activity of the company during the financial period was that of software development. 12701710 2025-03-31 12701710 bus:Director1 2025-03-31 12701710 bus:Director2 2025-03-31 12701710 bus:Director3 2025-03-31 12701710 bus:Director4 2025-03-31 12701710 2024-03-31 12701710 core:CurrentFinancialInstruments 2025-03-31 12701710 core:CurrentFinancialInstruments 2024-03-31 12701710 core:ShareCapital 2025-03-31 12701710 core:ShareCapital 2024-03-31 12701710 core:RetainedEarningsAccumulatedLosses 2025-03-31 12701710 core:RetainedEarningsAccumulatedLosses 2024-03-31 12701710 core:Goodwill 2024-03-31 12701710 core:Goodwill 2025-03-31 12701710 core:ComputerEquipment 2024-03-31 12701710 core:ComputerEquipment 2025-03-31 12701710 core:CostValuation 2024-03-31 12701710 core:CostValuation 2025-03-31 12701710 core:ImmediateParent core:CurrentFinancialInstruments 2025-03-31 12701710 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 12701710 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 12701710 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 12701710 2024-04-01 2025-03-31 12701710 bus:FilletedAccounts 2024-04-01 2025-03-31 12701710 bus:SmallEntities 2024-04-01 2025-03-31 12701710 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12701710 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12701710 bus:Director1 2024-04-01 2025-03-31 12701710 bus:Director2 2024-04-01 2025-03-31 12701710 bus:Director3 2024-04-01 2025-03-31 12701710 bus:Director4 2024-04-01 2025-03-31 12701710 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 12701710 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 12701710 2023-04-01 2024-03-31 12701710 core:Goodwill 2024-04-01 2025-03-31 12701710 core:ComputerEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 12701710 (England and Wales)

HEADCHANNEL CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HEADCHANNEL CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HEADCHANNEL CONSULTING LTD

BALANCE SHEET

As at 31 March 2025
HEADCHANNEL CONSULTING LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 12,983 14,883
Tangible assets 4 472 1,039
Investments 5 1,065 1,065
14,520 16,987
Current assets
Debtors 6 275,205 263,482
Cash at bank and in hand 149,733 204,854
424,938 468,336
Creditors: amounts falling due within one year 7 ( 290,102) ( 329,930)
Net current assets 134,836 138,406
Total assets less current liabilities 149,356 155,393
Net assets 149,356 155,393
Capital and reserves
Called-up share capital 100 100
Profit and loss account 149,256 155,293
Total shareholder's funds 149,356 155,393

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Headchannel Consulting Ltd (registered number: 12701710) were approved and authorised for issue by the Board of Directors on 03 July 2025. They were signed on its behalf by:

R Bundock
Director
HEADCHANNEL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HEADCHANNEL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Headchannel Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 19,000 19,000
At 31 March 2025 19,000 19,000
Accumulated amortisation
At 01 April 2024 4,117 4,117
Charge for the financial year 1,900 1,900
At 31 March 2025 6,017 6,017
Net book value
At 31 March 2025 12,983 12,983
At 31 March 2024 14,883 14,883

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2024 1,700 1,700
At 31 March 2025 1,700 1,700
Accumulated depreciation
At 01 April 2024 661 661
Charge for the financial year 567 567
At 31 March 2025 1,228 1,228
Net book value
At 31 March 2025 472 472
At 31 March 2024 1,039 1,039

5. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 1,065
At 31 March 2025 1,065
Carrying value at 31 March 2025 1,065
Carrying value at 31 March 2024 1,065

6. Debtors

2025 2024
£ £
Trade debtors 128,274 241,760
Amounts owed by Parent undertakings 134,369 0
Amounts owed by related parties 0 10,800
Other debtors 12,562 10,922
275,205 263,482

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 84,871 109,445
Amounts owed to Parent undertakings 0 4,101
Taxation and social security 38,634 153,918
Other creditors 166,597 62,466
290,102 329,930

8. Ultimate controlling party

Parent Company:

Athirt Limited