Company registration number 03958511 (England and Wales)
Softrol Systems Limited
Unaudited Financial Statements
For the year ended 31 December 2021
PAGES FOR FILING WITH REGISTRAR
Softrol Systems Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Softrol Systems Limited
Balance sheet
As at 31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Creditors: amounts falling due after more than one year
3
(6,327)
(6,327)
Net liabilities
(6,327)
(6,327)
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
(16,327)
(16,327)
Total equity
(6,327)
(6,327)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 August 2022 and are signed on its behalf by:
Charles Paul Keith
Director
Company Registration No. 03958511
Softrol Systems Limited
Notes to the Financial Statements
For the year ended 31 December 2021
- 2 -
1
Accounting policies
Company information
Softrol Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
Softrol Systems Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
- 3 -
3
Creditors: amounts falling due after more than one year
2021
2020
£
£
Amounts owed to group undertakings
6,327
6,327
4
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2021
2020
2021
2020
£
£
£
£
Entities with control, joint control or significant influence over the company
6,327
6,327