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Platform Consultancy Services Limited
Notes to the Financial Statements
For the Year Ended 31 December 2024
Platform Consultancy Services Limited is a private company limited by members capital, company number 04380805, incorporated in England and Wales. The company's registered office is 8 Cheshire Avenue, Lostock Gralam, Northwich, Cheshire, CW9 7UA. The company is no longer trading after transfer of certain business contracts to the Company's parent company, Commscare Group Limited.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Debtors are recognised initially at transaction price and subsequently measured at amortised cost, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors are recognised initially at transaction price and subsequently measured at amortised cost.
Equity dividends are recognised when they become legally payable.
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Related party transactions
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The company has taken advantage of the exemption contained in FRS 102 Section 33 "Related Party Transactions"
not to disclose transactions with other wholly owned group companies.
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The immediate parent undertaking is Commscare Group Limited, a company incorporated in England and Wales, company number 04580474.
The ultimate parent undertaking and controlling party is Ingram Micro Holding Corporation based at 3351 Michelson Drive, Suite 100, Irvine, CA 92612, USA. The shares of Ingram Micro Holding Corporation are publicly traded on the New York Stock Exchange after completion of an initial public offering (“IPO”) in October 2024. Most of the stock is owned by Imola JV Holdings L.P., Delaware, U.S.A. Copies of the consolidated financial statements can be obtained from the investor relations section of the Ingram Micro Inc website - https://ir.ingrammicro .com/
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