IRIS Accounts Production v23.1.5.20 03434758 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034347582022-02-28034347582023-02-28034347582022-03-012023-02-28034347582021-02-28034347582021-03-012022-02-28034347582022-02-2803434758ns15:EnglandWales2022-03-012023-02-2803434758ns14:PoundSterling2022-03-012023-02-2803434758ns10:Director12022-03-012023-02-2803434758ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803434758ns10:SmallEntities2022-03-012023-02-2803434758ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803434758ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803434758ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2803434758ns10:FullAccounts2022-03-012023-02-2803434758ns10:Director22022-03-012023-02-2803434758ns10:CompanySecretary12022-03-012023-02-2803434758ns10:RegisteredOffice2022-03-012023-02-2803434758ns5:CurrentFinancialInstruments2023-02-2803434758ns5:CurrentFinancialInstruments2022-02-2803434758ns5:ShareCapital2023-02-2803434758ns5:ShareCapital2022-02-2803434758ns5:RetainedEarningsAccumulatedLosses2023-02-2803434758ns5:RetainedEarningsAccumulatedLosses2022-02-2803434758ns5:ComputerEquipment2022-03-012023-02-2803434758ns5:ComputerEquipment2022-02-2803434758ns5:ComputerEquipment2023-02-2803434758ns5:ComputerEquipment2022-02-28
REGISTERED NUMBER: 03434758 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Result Software Limited

Result Software Limited (Registered number: 03434758)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Result Software Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs J E W D Jones
A S Jones





SECRETARY: Mrs J E W D Jones





REGISTERED OFFICE: Blodeufryn
Carmarthen Road
Cross Hands
Llanelli
Carmarthenshire
SA14 6TH





REGISTERED NUMBER: 03434758 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Result Software Limited (Registered number: 03434758)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16 21

CURRENT ASSETS
Stocks 6 440 660
Debtors 7 1,200 2,820
Cash at bank 203,934 310,715
205,574 314,195
CREDITORS
Amounts falling due within one year 8 111,314 191,298
NET CURRENT ASSETS 94,260 122,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,276

122,918

PROVISIONS FOR LIABILITIES 3 4
NET ASSETS 94,273 122,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,173 122,814
SHAREHOLDERS' FUNDS 94,273 122,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Result Software Limited (Registered number: 03434758)

Statement of Financial Position - continued
28 February 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 10 November 2023 and were signed on its behalf by:





A S Jones - Director


Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Result 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. 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
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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 3,613
DEPRECIATION
At 1 March 2022 3,592
Charge for year 5
At 28 February 2023 3,597
NET BOOK VALUE
At 28 February 2023 16
At 28 February 2022 21

6. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 440 660

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,200 2,820

Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 680 675
Tax 320 3,335
Social security and other taxes 411 (143 )
VAT 694 585
Directors' loan accounts 109,209 186,846
111,314 191,298

9. CAPITAL COMMITMENTS
28.2.23 28.2.22
£    £   
Contracted but not provided for in the
financial statements - -

10. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. The balances owed to the directors are shown in the notes to the financial statements . The loans are interest free with no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs A S Jones by virtue of their 100% shareholding.