REGISTERED NUMBER: 05663021 (England and Wales)

IDEX CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

10

DIRECTORS:

D E Carr

M J Green

Mrs L Green

G Guerin

SECRETARY:

P Clarke

REGISTERED OFFICE:

The Colmore Building

20 Colmore Circus

Queensway

Birmingham

West Midlands

B4 6AT

REGISTERED NUMBER:

05663021 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Intangible assets

4

-

105,791

Tangible assets

5

32,379

47,585

Investments

6

301

301

32,680

153,677

CURRENT ASSETS

Debtors

7

1,429,404

1,153,403

Cash at bank

1,938,171

2,284,195

3,367,575

3,437,598

CREDITORS

Amounts falling due within one year

8

2,424,684

2,625,857

NET CURRENT ASSETS

942,891

811,741

TOTAL ASSETS LESS CURRENT LIABILITIES

975,571

965,418

CREDITORS

Amounts falling due after more than one year

9

-

(262,727

)

PROVISIONS FOR LIABILITIES

11

-

(3,589

)

NET ASSETS

975,571

699,102

CAPITAL AND RESERVES

Called up share capital

12

191

191

Share premium

13

118,690

118,690

Retained earnings

13

856,690

580,221

SHAREHOLDERS' FUNDS

975,571

699,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 14th October 2025 and were signed on its behalf by:

M J Green - Director

1.	STATUTORY INFORMATION

IDEX Consulting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover arising in respect of work performed on a contingency basis is recognised at the time the candidate commences employment.

Turnover arising in respect of work performed on a retained basis is recognised in instalments in accordance with predetermined milestones.

Intangible assets

Goodwill

Goodwill represents the difference between the amounts paid on the cost of a business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Amortisation is provided on the following bases:

Goodwill - Over 10 years

Tangible fixed assets

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

Office Equipment

-

33% on cost

Bicycles

-

25% on cost

Website

-

33% on cost

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 64 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

1,115,541

AMORTISATION

At 1st April 2024

1,009,750

Charge for year

105,791

At 31st March 2025

1,115,541

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

105,791

5.	TANGIBLE FIXED ASSETS

Office

Equipment

Bicycles

Website

Totals

£

£

£

£

COST

At 1st April 2024

79,163

16,453

44,754

140,370

Additions

12,620

-

-

12,620

Disposals

(11,876

)

(3,505

)

-

(15,381

)

At 31st March 2025

79,907

12,948

44,754

137,609

DEPRECIATION

At 1st April 2024

55,948

8,968

27,869

92,785

Charge for year

21,077

3,237

2,500

26,814

Eliminated on disposal

(11,108

)

(3,261

)

-

(14,369

)

At 31st March 2025

65,917

8,944

30,369

105,230

NET BOOK VALUE

At 31st March 2025

13,990

4,004

14,385

32,379

At 31st March 2024

23,215

7,485

16,885

47,585

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

301

NET BOOK VALUE

At 31st March 2025

301

At 31st March 2024

301

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Youcentric Limited

Registered office: The Colmore Building, 20 Colmore Circus, Birmingham, B4 6AT

Nature of business: Non-trading company

%

Class of shares:

holding

Ordinary

99.50

2025

2024

£

£

Aggregate capital and reserves

201

201

IX Managed Solutions Limited

Registered office: The Colmore Building, 20 Colmore Circus, Birmingham, B4 6AT

Nature of business: Management Consultancy

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

13,163

2,003

Profit/(loss) for the year

13,877

(21,678

)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

985,375

878,705

Amounts owed by group undertakings

263,284

-

Other debtors

5,966

1,285

Deferred tax asset

627

-

Prepayments and accrued income

174,152

273,413

1,429,404

1,153,403

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

262,727

181,818

Trade creditors

118,343

105,546

Amounts owed to group undertakings

-

555,557

Corporation tax

251,834

94,822

Social security and other taxes

521,735

531,045

Other creditors

38,928

44,289

Accruals and deferred income

1,231,117

1,112,780

2,424,684

2,625,857

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

-

262,727

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

262,727

181,818

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

262,727

11.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

3,589

Deferred

tax

£

Balance at 1st April 2024

3,589

Provided during year

(4,216

)

Balance at 31st March 2025

(627

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

19,095

Ordinary

1p

191

191

13.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1st April 2024

580,221

118,690

698,911

Profit for the year

662,403

662,403

Dividends

(385,934

)

(385,934

)

At 31st March 2025

856,690

118,690

975,380

14.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £345,295 (2024: £338,580). Contributions totalling £31,956 (2024: £29,657) were payable to the fund at the reporting date and are included in other creditors.

15.	RELATED PARTY DISCLOSURES

A loan has been made to the director M J Green by the company. There are no set repayment terms and no interest is being charged.The balance within other debtors at the year end was £977 (2024: £1,238).

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Idex Group Holdings Limited due to its 100% Shareholding. Idex group Holdings Limited is under the control of Mr M J Green by virtue of his majority shareholding.