DILIGENCIA CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Company Registration Number: 06538268
DILIGENCIA CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 12
DILIGENCIA CONSULTING LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
N Bakkali
R Goodworth
resigned 28 October 2024
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
Summertown Pavilion
18-24 Middle Way
Summertown
Oxford
OX2 7LG
COMPANY REGISTRATION NUMBER
06538268 England and Wales
DILIGENCIA CONSULTING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes 2024 2023
£ £
FIXED ASSETS
Intangible assets 5 1,094,984 907,793
Tangible assets 6 30,388 57,741
Investments 7 790 790
1,126,162 966,324
CURRENT ASSETS
Debtors 8 500,622 415,978
Cash at bank and in hand 39,644 96,403
540,266 512,381
CREDITORS: Amounts falling due within one year 9 1,609,617 987,794
NET CURRENT LIABILITIES (1,069,351) (475,413)
TOTAL ASSETS LESS CURRENT LIABILITIES 56,811 490,911
CREDITORS: Amounts falling due after more than one year 10 - 14,736
Provisions for liabilities and charges 5,330 9,511
NET ASSETS 51,481 466,664
CAPITAL AND RESERVES
Called up share capital 17,500 17,500
Distributable profit and loss account 33,981 449,164
SHAREHOLDERS' FUNDS 51,481 466,664
DILIGENCIA CONSULTING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Director's Report.
Signed on behalf of the board
N Bakkali
Director
Date approved by the board: 29 September 2025
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 GENERAL INFORMATION
Diligencia Consulting Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Summertown Pavilion
18-24 Middle Way
Summertown
Oxford
OX2 7LG
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes the director £607,160, which could be required for repayment without notice. The company is therefore dependent upon the continued support of the director. The director does not consider their own support likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of providing data with regard to companies and individuals, operating in the Middle East and North Africa region, as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Intangible fixed assets
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.
Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 10 years.
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Leasehold improvements Straight line basis at 20% per annum
Fixtures and fittings Straight line basis at 25% per annum
Equipment Straight line basis at 25% per annum
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Investments
Investments in subsidiaries are shown at cost less accumulated impairment losses.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.
Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Leases
Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.
Pensions
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and recognised in accordance with the company's policy for intangible fixed assets.
Database costs capitalised relate to costs of acquiring data on companies and individuals which forms the basis of the company's database. This data is estimated to have a useful economic life of 10 years. Development costs capitalised relate to external costs of developing the platform where the company holds this data for use of its customers. The platform is estimated to have a useful economic life of 5 years.
Consolidation
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The directors have made key assumptions in determining the useful economic life of the company’s intangible assets.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4 EMPLOYEES
The average number of persons employed by the company (including the director) during the year was:
2024 2023
Average number of employees 23 21
5 INTANGIBLE FIXED ASSETS
Goodwill Development and database costs Total
£ £ £
Cost
At 1 January 2024 20,000 1,653,102 1,673,102
Additions - 344,206 344,206
At 31 December 2024 20,000 1,997,308 2,017,308
Accumulated amounts written off
At 1 January 2024 20,000 745,309 765,309
Charge for year - 157,015 157,015
At 31 December 2024 20,000 902,324 922,324
Net book value
At 1 January 2024 - 907,793 907,793
At 31 December 2024 - 1,094,984 1,094,984
Develoment and database costs are only capitalised once they satisfy the conditions set out under FRS 102 Section 1A smaller entities and the Companies Act 2006.
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
6 TANGIBLE ASSETS
Leasehold improvements Fixtures and fittings Equipment Total
£ £ £ £
Cost
At 1 January 2024 97,858 35,782 140,146 273,786
Additions - - 1,431 1,431
At 31 December 2024 97,858 35,782 141,577 275,217
Accumulated depreciation and impairments
At 1 January 2024 78,147 35,782 102,116 216,045
Charge for year 10,644 - 18,140 28,784
At 31 December 2024 88,791 35,782 120,256 244,829
Net book value
At 1 January 2024 19,711 - 38,030 57,741
At 31 December 2024 9,067 - 21,321 30,388
7 FIXED ASSET INVESTMENTS
Investment in subsidiary
£
Cost
At 1 January 2024 790
At 31 December 2024 790
Net book value
At 1 January 2024 790
At 31 December 2024 790
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
8 DEBTORS
2024 2023
£ £
Trade debtors 216,779 273,475
Amounts owed from group undertakings 67,594 -
Prepayments and accrued income 52,043 47,864
Other debtors 164,206 94,639
500,622 415,978
9 CREDITORS: Amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 10,015
Trade creditors 152,912 79,774
Taxation and social security 124,749 56,942
Accruals and deferred income 712,245 561,750
Other creditors 619,711 279,313
1,609,617 987,794
10 CREDITORS: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts - 14,736
11 CONTINGENCIES AND COMMITMENTS
Other Commitments
Amounts falling due under operating leases: 2024 2023
£ £
In less than one year 110,354 77,650
In more than one but less than five years 171,000 32,354
281,354 110,004
DILIGENCIA CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12 RELATED PARTY TRANSACTIONS
The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:
Diligencia Group Limited Parent entity from 23 October 2023
During the year, the following transactions with related parties took place:
N Bakkali
Director and shareholder 2024 2023
£ £
Advances to company The director / shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director / shareholder the following amount: 607,160 270,456
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