Clik Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03908285

Clik Limited

Filleted Financial Statements

31 December 2024

Clik Limited

Statement of Financial Position

31 December 2024

	31 Dec 24		30 Jun 24
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	5	39,877	42,600
Investments	6	100	100
		--------	--------
		39,977	42,700

Current assets

Debtors	7	2,563,649	1,338,718
Cash at bank and in hand		311,874	1,487,551
		------------	------------
		2,875,523	2,826,269

Creditors: amounts falling due within one year	8	1,160,826		1,228,074
		------------		------------
Net current assets			1,714,697	1,598,195
			------------	------------
Total assets less current liabilities			1,754,674	1,640,895
			------------	------------
Net assets			1,754,674	1,640,895
			------------	------------

Capital and reserves

Called up share capital	1,250	1,250
Share premium account	124,870	124,870
Profit and loss account	1,628,554	1,514,775
	------------	------------
Shareholders funds	1,754,674	1,640,895
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr J Sones

Director

Company registration number: 03908285

Clik Limited

Notes to the Financial Statements

Period from 1 July 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 305 Zellig Building, Gibb Street, Birmingham, West Midlands, B9 4AA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	3 years straight line
Plant and machinery	-	4 years straight line
Fixtures and fittings	-	10 years straight line
Office equipment	-	50% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 40 (2024: 42 ).

5. Tangible assets

	Leasehold improvements	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024 (as restated)	3,890	19,144	24,150	117,441	164,625
Additions	–	–	354	5,333	5,687
	-------	--------	--------	---------	---------
At 31 December 2024	3,890	19,144	24,504	122,774	170,312
	-------	--------	--------	---------	---------
Depreciation
At 1 July 2024	3,890	17,265	11,676	89,194	122,025
Charge for the period	–	281	998	7,131	8,410
	-------	--------	--------	---------	---------
At 31 December 2024	3,890	17,546	12,674	96,325	130,435
	-------	--------	--------	---------	---------
Carrying amount
At 31 December 2024	–	1,598	11,830	26,449	39,877
	-------	--------	--------	---------	---------
At 30 June 2024	–	1,879	12,474	28,247	42,600
	-------	--------	--------	---------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 July 2024 as restated and 31 December 2024	100
	----
Impairment
At 1 July 2024 as restated and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	100
	----
At 30 June 2024	100
	----

7. Debtors

	31 Dec 24	30 Jun 24
		(restated)
	£	£
Trade debtors	10,118	4,721
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,536,501	1,306,499
Other debtors	17,030	27,498
	------------	------------
	2,563,649	1,338,718
	------------	------------

8. Creditors: amounts falling due within one year

	31 Dec 24	30 Jun 24
		(restated)
	£	£
Trade creditors	26,859	54,721
Amounts owed to group undertakings and undertakings in which the company has a participating interest	100	100
Social security and other taxes	144,639	146,632
Other creditors	989,228	1,026,621
	------------	------------
	1,160,826	1,228,074
	------------	------------

9. Prior period errors

The prior period adjustment arises following a change in accounting policy in terms of income recognition. Income from software services provided is now recognised over the period of the service agreement. As a result of this change in policy a prior period adjustment of £861,322 arises for period ended 31 December 2024 and £796,722 for year ended 30 June 2024.

10. Contingencies

The company has given security in the form of fixed and floating charges dated 22 July 2024 and 26 February 2025 to Canadian Imperial Bank and Commerce in respect of the group borrowing facilities. At 31 December 2024, group borrowings amounted to £14,600,000.

11. Summary audit opinion

The auditor's report dated 22 September 2025 was unqualified .

The senior statutory auditor was Oliver Ross BSc(Hons) FCA , for and on behalf of Muras Baker Jones Limited .

12. Related party transactions

The company has taken advantage of the exemption, under the terms of FRS 102, not to disclose related party transactions with its parent company and other wholly owned subsidiaries within the group.

13. Controlling party

The company is a wholly owned subsidiary of Clik Holdings Limited, a company registered in England and Wales . The ultimate parent company is Shelby Topco Limited, a company registered in England and Wales at 305 Zellig Building, Gibb Street, Birmingham, B9 4AA.

14. Accounting reference date

Following the acquisition of Clik Holdings Limited by Tracer Management Systems Limited on 17 July 2024, the accounting reference date of the company was changed to 31 December. Accordingly the financial statements have been prepared for the period from 1 July 2024 to 31 December 2024.

The comparative figures relate to the year ended 30 June 2024.