Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Ninan Chacko
Jan Christopher Kollat
Matthew Theakstone

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 March 2026

And signed on behalf of the board by:
Name: Jan Christopher Kollat
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	59,624,005	49,533,756
Cost of sales:	( 12,983,512 )	( 13,703,215 )
Gross profit(or loss):	46,640,493	35,830,541
Distribution costs:	( 12,616,457 )	( 9,775,178 )
Administrative expenses:	( 26,888,128 )	( 20,858,442 )
Other operating income:	0	0
Operating profit(or loss):	7,135,908	5,196,921
Interest receivable and similar income:	1,014,888	180,441
Interest payable and similar charges:	( 1,683,168 )	( 1,140,290 )
Profit(or loss) before tax:	6,467,628	4,237,072
Tax:	( 1,619,357 )	( 1,004,928 )
Profit(or loss) for the financial year:	4,848,271	3,232,144

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:	3	1,636,593	1,633,162
Tangible assets:	4	456,112	594,508
Investments:	5	23,116,739	23,116,739
Total fixed assets:		25,209,444	25,344,409
Current assets
Stocks:		0	0
Debtors:	6	97,199,192	50,515,309
Cash at bank and in hand:		1,844,513	2,791,556
Investments:		0	0
Total current assets:		99,043,705	53,306,865
Prepayments and accrued income:		2,040,798	1,566,207
Creditors: amounts falling due within one year:	7	( 75,491,401 )	( 36,552,659 )
Net current assets (liabilities):		25,593,102	18,320,413
Total assets less current liabilities:		50,802,546	43,664,822
Creditors: amounts falling due after more than one year:	8	( 56,500 )	( 278,754 )
Provision for liabilities:		( 54,802 )	( 109,723 )
Accruals and deferred income:		( 18,468,350 )	( 15,901,723 )
Total net assets (liabilities):		32,222,894	27,374,622
Capital and reserves
Called up share capital:		100	100
Share premium account:		0	0
Other reserves:		9,962,233	9,962,233
Profit and loss account:		22,260,561	17,412,289
Total Shareholders' funds:		32,222,894	27,374,622

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover, which is stated net of value added tax, represents amounts invoiced or billable to third parties and is attributable to one continuing activity, as stated in the strategic report.

  Tangible fixed assets depreciation policy

  Depreciation is provided on all property, plant and equipment, other than land, on a straight-line basis over its expected useful life as follows: Short-term leasehold improvements – Over the term of the lease Computer equipment – 33% per annum Office Equipment – 20% per annum

  Intangible fixed assets amortisation policy

  he useful lives of intangible assets are assessed to be either finite or indefinite. Amortisation is recognised on a straight-line basis over their estimated useful lives for finite intangible assets. Intangible assets with finite lives are amortised over the useful economic life (nine years unless otherwise stated) and assessed for impairment whenever there is an indication that the intangible asset may be impaired.

  Valuation information and policy

  The financial statements have been prepared on the historical cost basis, except for the revaluation of certain properties, financial instruments that are measured at revalued amounts or fair values at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for the goods and services.

  Other accounting policies

  The material accounting policies adopted by the Company are set out in Note 3 and include the basis of accounting, going concern, investments in subsidiaries, foreign currency translation, intangible assets and goodwill, tangible fixed assets, provisions for liabilities, leases, impairment of non-financial assets, financial instruments, income taxes, revenue recognition, pensions, contract assets and contract liabilities, and trade payables.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	110	87