Trilliant Networks Operations (UK) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 11321639 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Trilliant Networks Operations (UK) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Matchett

Mr D Lambert

REGISTERED OFFICE:

Morgan House

Madeira Walk

Windsor

Berkshire

SL4 1EP

REGISTERED NUMBER:

11321639 (England and Wales)

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Tangible assets

4

56,858

79,234

CURRENT ASSETS

Debtors

5

5,413,879

3,056,636

Cash at bank

721,894

341,007

6,135,773

3,397,643

CREDITORS

Amounts falling due within one year

6

(4,243,688

)

(2,249,515

)

NET CURRENT ASSETS

1,892,085

1,148,128

TOTAL ASSETS LESS CURRENT LIABILITIES

1,948,943

1,227,362

PROVISIONS FOR LIABILITIES

(10,903

)

(16,285

)

NET ASSETS

1,938,040

1,211,077

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

1,938,039

1,211,076

1,938,040

1,211,077

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 11 September 2025 and were signed on its behalf by:

Mr N Matchett - Director

1.	STATUTORY INFORMATION

Trilliant Networks Operations (UK) Ltd. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors have included a dilapidation provision within the financial statements. This is based on an estimate by the directors to cover the cost of potential spend to restore the premises to their original condition in accordance with the lease.

Turnover

Turnover for the year was derived from the sale of products and services to customers.

The company recognises turnover only when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collectability is probable, for all revenue arrangements. Amount invoiced to or received from customers that does not meet the revenue recognition criteria is recorded as deferred income.

Where sales of products and services include multiple performance obligations, the elements of the arrangement are accounted for separately when each performance obligation has value to the customer on a standalone basis and there is objective and reliable evidence of the fair value. Turnover from license fees and hardware is recognised on delivery of the license or hardware.Turnover from professional services is recognised in line with the percentage completion, based on milestone events. Turnover from software support is recognised rateably over the period it is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the year 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.

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 year 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

114,005

Additions

15,122

At 31 December 2024

129,127

DEPRECIATION

At 1 January 2024

34,771

Charge for year

37,498

At 31 December 2024

72,269

NET BOOK VALUE

At 31 December 2024

56,858

At 31 December 2023

79,234

5.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

4,600,889

673,469

Amounts owed by group undertakings

-

1,650,406

Other debtors

747,151

732,761

5,348,040

3,056,636

Amounts falling due after more than one year:

Other debtors

65,839

-

Aggregate amounts

5,413,879

3,056,636

Amounts owed by group undertakings are unsecured, interest-free and payable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

225,531

463,664

Amounts owed to group undertakings

3,039,502

-

Taxation and social security

450,899

359,079

Other creditors

527,756

1,426,772

4,243,688

2,249,515

Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

135,362

Between one and five years

406,086

In more than five years

490,687

626,049

1,032,135

1,167,497

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

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

9.	RELATED PARTY DISCLOSURES

The Company made trade purchases of £2,022,867 from a fellow subsidiary during 2024 (2023: £2,119,924).

The Company was re-charged costs for headquarter services of £1,796,743 by a fellow subsidiary during 2024 (2023: £1,081,643).

The Company was re-charged costs for software distribution and related services of £52,922 by a fellow subsidiary during 2024 (2023: £57,775).

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Trilliant Holdings Inc, a company incorporated in Ontario, Canada. Trilliant Holdings Inc is smallest group in which the results of the entity are consolidated. Copies of the consolidated financial statements of Trilliant Holdings Inc are available from Trilliant Holdings Inc, 401 Harrison Oaks Blvd, Cary, North Carolina 27513, USA.

The ultimate parent company is Matlin Energy Holding Inc, a company incorporated in Ontario, Canada, and located 20 Floral Parkway, Concord, Ontario L4K 4R1, Canada.