REGISTERED NUMBER: 07876468 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Frontera Consulting UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Ganesh

Ms D L Adams

REGISTERED OFFICE:

Building C IBM Hursley Office

Hursley Park Road

Winchester

Hampshire

SO21 2JN

REGISTERED NUMBER:

07876468 (England and Wales)

AUDITORS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

73,309

64,788

CURRENT ASSETS

Debtors

5

4,166,011

1,838,180

Cash at bank

700,057

55,883

4,866,068

1,894,063

CREDITORS

Amounts falling due within one year

6

2,080,944

1,514,990

NET CURRENT ASSETS

2,785,124

379,073

TOTAL ASSETS LESS CURRENT LIABILITIES

2,858,433

443,861

PROVISIONS FOR LIABILITIES

6,919

-

NET ASSETS

2,851,514

443,861

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,841,514

433,861

SHAREHOLDERS' FUNDS

2,851,514

443,861

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 31 December 2025 and were signed on its behalf by:

N Ganesh - Director

1.	STATUTORY INFORMATION

Frontera Consulting 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.

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.

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 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.

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 48 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

84,445

Additions

31,115

At 31 December 2024

115,560

DEPRECIATION

At 1 January 2024

19,657

Charge for year

22,594

At 31 December 2024

42,251

NET BOOK VALUE

At 31 December 2024

73,309

At 31 December 2023

64,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,139,281

1,792,925

Other debtors and prepayments

26,730

45,255

4,166,011

1,838,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

162,258

127,254

Amounts owed to group undertakings

258,036

61,893

Corporation tax

576,112

197,905

Social security and other taxes

186,539

145,638

VAT

273,415

302,188

Other creditors and accruals

624,584

680,112

2,080,944

1,514,990

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

The Report of the Auditors was qualified on the following basis:

Basis for disclaimer of opinion

The Company’s opening balances as at 1 January 2024 include retained earnings and other balance sheet amounts derived from financial information for prior periods which were not audited.

During the course of our audit, we identified multiple material inconsistencies and unsupported

balances within the prior period financial information. These included cumulative prior period

adjustments recorded through retained earnings, balances included within other creditors which were

not supported by underlying documentation, and the classification and presentation of investment

balances which were materially misstated in the prior period.

Management recorded a number of adjustments to opening balances in order to correct these matters.

However, management was unable to provide sufficient supporting records or analysis to enable us to

determine the nature, completeness or accuracy of these adjustments, or to verify the resulting

opening balances.

As a result, we were unable to obtain sufficient appropriate audit evidence regarding the opening

balances of the Company, the related comparative information, or the effect on the financial statements

for the year ended 31 December 2024. The possible effects of these matters are both material and

pervasive to the financial statements.

Matters required to report by exception

- we have not obtained all the information and explanations that we considered necessary for the purposes of our audit; and

- we were unable to determine whether adequate accounting records had been kept.

Although management provided information and explanations during the course of the audit, we were unable to obtain sufficient appropriate audit evidence to verify the completeness and accuracy of certain balances and adjustments, particularly in respect of opening balances and comparative information.

These matters arise from the unreliability of historic accounting records rather than from a lack of cooperation by management.

Except for the matters described above, we have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

A Chandler FCA (Senior Statutory Auditor)

for and on behalf of Sygma Chartered Accountants

8.	ULTIMATE CONTROLLING PARTY

Frontera Consulting UK Limited is a wholly owned subsidiary of International Business Machines Corporation, a company incorporated within the United States of America. Its registered office is:

New Orchard Road,

Armonk,

New York,

10504