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REGISTERED NUMBER: 03746706 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2018

FOR

PRECEPT SOFTWARE LIMITED

PRECEPT SOFTWARE LIMITED (REGISTERED NUMBER: 03746706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRECEPT SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2018







DIRECTOR: Mr A W Newcomb





SECRETARY: Ms T Ruff





REGISTERED OFFICE: 8 Mallow Close
Thornbury
Bristol
Gloucestershire
BS35 1UE





REGISTERED NUMBER: 03746706 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

PRECEPT SOFTWARE LIMITED (REGISTERED NUMBER: 03746706)

BALANCE SHEET
30 April 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 615

CURRENT ASSETS
Debtors 5 5,958 788
Cash at bank 83,088 90,251
89,046 91,039
CREDITORS
Amounts falling due within one year 6 11,958 11,722
NET CURRENT ASSETS 77,088 79,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,088

79,932

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 76,988 79,832
SHAREHOLDERS' FUNDS 77,088 79,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 October 2018 and were signed by:





Mr A W Newcomb - Director


PRECEPT SOFTWARE LIMITED (REGISTERED NUMBER: 03746706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2018


1. STATUTORY INFORMATION

PRECEPT SOFTWARE 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Computer equipment - 33% on cost

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 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2017
and 30 April 2018 8,161
DEPRECIATION
At 1 May 2017 7,546
Charge for year 615
At 30 April 2018 8,161
NET BOOK VALUE
At 30 April 2018 -
At 30 April 2017 615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments and accrued income 5,958 788

PRECEPT SOFTWARE LIMITED (REGISTERED NUMBER: 03746706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Corporation Tax 5,928 6,327
PAYE/NI 191 203
VAT 3,876 4,324
Directors' current accounts 1,963 868
11,958 11,722

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 May 2017 79,832
Profit for the year 24,656
Dividends (27,500 )
At 30 April 2018 76,988

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and
30 April 2017:

2018 2017
£    £   
Mr A W Newcomb
Balance outstanding at start of year (867 ) -
Amounts advanced 17,602 (867 )
Amounts repaid (18,698 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,963 ) (867 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A W Newcomb.