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REGISTERED NUMBER: 03296679 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

THE ORIGINAL SOFTWARE GROUP LIMITED

THE ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ORIGINAL SOFTWARE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr C C Armitage
Mrs S L Armitage





REGISTERED OFFICE: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE





BUSINESS ADDRESS: Grove House
Chineham Court
Basingstoke
Hampshire
RG24 8AG





REGISTERED NUMBER: 03296679 (England and Wales)






THE ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 26,521 2,199
Investments 6 8 8
26,529 2,207

CURRENT ASSETS
Debtors 7 96,705 239,215
Investments 8 317,146 205,578
Cash at bank 64,092 72,602
477,943 517,395
CREDITORS
Amounts falling due within one year 9 446,132 386,479
NET CURRENT ASSETS 31,811 130,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,340

133,123

CREDITORS
Amounts falling due after more than one
year

10

(45,005

)

(128,501

)

PROVISIONS FOR LIABILITIES - (418 )
NET ASSETS 13,335 4,204

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12,335 3,204
SHAREHOLDERS' FUNDS 13,335 4,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

BALANCE SHEET - continued
31 MAY 2023


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 2 November 2023 and were signed on its behalf by:





Mr C C Armitage - Director


THE ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

The Original Software Group 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year on an unbundled basis, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THE ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022 27,221
Additions 38,655
Disposals (1,326 )
At 31 May 2023 64,550
DEPRECIATION
At 1 June 2022 25,022
Charge for year 14,333
Eliminated on disposal (1,326 )
At 31 May 2023 38,029
NET BOOK VALUE
At 31 May 2023 26,521
At 31 May 2022 2,199

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 8
NET BOOK VALUE
At 31 May 2023 8
At 31 May 2022 8

THE ORIGINAL SOFTWARE GROUP LIMITED (REGISTERED NUMBER: 03296679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,824 123,311
Other debtors 84,881 115,904
96,705 239,215

Included in other debtors is £20,258 (2022: £12,263) in relation to prepayments and accrued income.

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Loans to group undertakings 317,146 205,578

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,222 4,813
Taxation and social security 16,212 14,086
Other creditors 422,698 367,580
446,132 386,479

Included in other creditors is £7,624 (2022: £5,145) in relation to accruals and £320,341 (2022: £278,207) in relation to deferred income.

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 45,005 128,501

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.