3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,655 2,964 423 3,387 1,268 1,691 xbrli:pure xbrli:shares iso4217:GBP 04079034 2022-04-01 2023-03-31 04079034 2023-03-31 04079034 2022-03-31 04079034 2021-04-01 2022-03-31 04079034 2022-03-31 04079034 2021-03-31 04079034 bus:RegisteredOffice 2022-04-01 2023-03-31 04079034 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 04079034 bus:Director1 2022-04-01 2023-03-31 04079034 bus:Director2 2022-04-01 2023-03-31 04079034 core:WithinOneYear 2023-03-31 04079034 core:WithinOneYear 2022-03-31 04079034 core:ShareCapital 2023-03-31 04079034 core:ShareCapital 2022-03-31 04079034 core:RetainedEarningsAccumulatedLosses 2023-03-31 04079034 core:RetainedEarningsAccumulatedLosses 2022-03-31 04079034 bus:SmallEntities 2022-04-01 2023-03-31 04079034 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04079034 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04079034 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04079034 bus:FullAccounts 2022-04-01 2023-03-31 04079034 core:OfficeEquipment 2022-04-01 2023-03-31 04079034 core:OfficeEquipment 2023-03-31 04079034 core:OfficeEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 04079034
CONSOFT LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
CONSOFT LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
CONSOFT LTD
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Ms A Kallay
Mr C Virides
Registered office
Lynton House
7-12 Tavistock Square
London
England
WC1H 9BQ
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
CONSOFT LTD
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,268
1,691
CURRENT ASSETS
Debtors
6
35,928
12,157
Cash at bank and in hand
93,077
135,756
---------
---------
129,005
147,913
CREDITORS: amounts falling due within one year
7
( 10,993)
( 3,061)
---------
---------
NET CURRENT ASSETS
118,012
144,852
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
119,280
146,543
---------
---------
NET ASSETS
119,280
146,543
---------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
119,180
146,443
---------
---------
SHAREHOLDERS FUNDS
119,280
146,543
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CONSOFT LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 17 November 2023 , and are signed on behalf of the board by:
Ms A Kallay
Director
Company registration number: 04079034
CONSOFT LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2022 and 31 March 2023
4,655
-------
Depreciation
At 1 April 2022
2,964
Charge for the year
423
-------
At 31 March 2023
3,387
-------
Carrying amount
At 31 March 2023
1,268
-------
At 31 March 2022
1,691
-------
6. Debtors
2023
2022
£
£
Trade debtors
15,096
Other debtors
20,832
12,157
--------
--------
35,928
12,157
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
8,101
Other creditors
2,892
3,061
--------
-------
10,993
3,061
--------
-------