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Registration number: 05721629

Socentric Software Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Socentric Software Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

Socentric Software Limited

Company Information

Directors

Oliver Owen

Charlotte Elise Owen

Company secretary

Oliver Owen

Registered office

1 Park Drive, Ingatestone
CM4 9DT

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Socentric Software Limited

Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

Turnover

180,450

211,598

Other income

382

938

Cost of raw materials and consumables

(42,759)

(38,437)

Staff costs

(9,078)

(10,576)

Depreciation and other amounts written off assets

(1,744)

(1,018)

Other charges

(22,606)

(16,289)

Profit before tax

104,645

146,216

Tax on profit

(20,244)

(28,460)

Profit for the year

84,401

117,756

 

Socentric Software Limited

(Registration number: 05721629)
Balance Sheet as at 28 February 2023

2023
£

2022
£

Fixed assets

4,030

1,202

Current assets

51,719

72,934

Prepayments and accrued income

986

940

Creditors: Amounts falling due within one year

(37,402)

(48,344)

Net current assets

15,303

25,530

Total assets less current liabilities

19,333

26,732

Accruals and deferred income

(1,950)

(1,750)

 

17,383

24,982

Capital and reserves

17,383

24,982

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1 Park Drive, Ingatestone
CM4 9DT

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Related party transactions

At the year-end the amount due from the director Oliver Owen was £10,240 (2022:£20,687). The interest on loan is charged at 2.5% per annum and is repayable on demand.

Transactions with directors

2023

At 1 March 2022
£

Repayments by director
£

At 28 February 2023
£

Oliver Owen

20,687

(10,447)

10,240

       
     

 

Socentric Software Limited

(Registration number: 05721629)
Balance Sheet as at 28 February 2023

 

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

.........................................
Oliver Owen
Company secretary and director