Convergent Professional Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10908615 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2023 to 31 December 2024

for

Convergent Professional Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S Johnson

Mrs S L Iyayi

P Herbert

REGISTERED OFFICE:

167-169 Great Portland Street

London

W1W 5PF

REGISTERED NUMBER:

10908615 (England and Wales)

ACCOUNTANTS:

Sumner & Moore Limited

The Studio

2 Borelli Yard

Farnham

Surrey

GU9 7NU

FIXED ASSETS

Intangible assets

4

1,601,071

Tangible assets

5

1,529

3,587

1,602,600

1,604,658

CURRENT ASSETS

Debtors

6

1,427,170

840,209

Cash at bank

6,476

7,808

1,433,646

848,017

CREDITORS

Amounts falling due within one year

7

1,500,323

637,367

NET CURRENT (LIABILITIES)/ASSETS

(66,677

)

210,650

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,535,923

1,815,308

CREDITORS

Amounts falling due after more than one year

8

(72,201

)

(181,241

)

PROVISIONS FOR LIABILITIES

-

(681

)

NET ASSETS

1,463,722

1,633,386

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

1,463,712

1,633,376

SHAREHOLDERS' FUNDS

1,463,722

1,633,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 September 2025 and were signed on its behalf by:

C S Johnson - Director

1.	STATUTORY INFORMATION

Convergent Professional Services 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets - development costs

Development costs are recognised at cost and will be written off over their estimated useful life once the IT platform is brought into use.

Tangible fixed assets

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

Taxation

Taxation for the period 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 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.

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 period was 11 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2023

and 31 December 2024

1,601,071

NET BOOK VALUE

At 31 December 2024

1,601,071

At 31 August 2023

1,601,071

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

and 31 December 2024

8,000

DEPRECIATION

At 1 September 2023

4,413

Charge for period

2,058

At 31 December 2024

6,471

NET BOOK VALUE

At 31 December 2024

1,529

At 31 August 2023

3,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Trade debtors

437,566

185,243

Other debtors

989,604

654,966

1,427,170

840,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Bank loans and overdrafts

75,920

117,597

Trade creditors

338,784

50,651

Taxation and social security

142,814

190,629

Other creditors

942,805

278,490

1,500,323

637,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.12.24

31.8.23

£

Bank loans

72,201

181,241

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,458

14,705