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REGISTERED NUMBER: 02826490 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE SOFTWARE BUREAU LTD

THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SOFTWARE BUREAU LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D N Carter
P A Callow
P Morgan
M Dobson
M G Rides





SECRETARY: D N Carter





REGISTERED OFFICE: 5 White Oak Square
London Road
Swanley
Kent
BR8 7AG





REGISTERED NUMBER: 02826490 (England and Wales)





AUDITORS: Sargeant Partnership LLP
Chartered Accountants
and Statutory Auditors
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 7,200
Tangible assets 5 4,949 6,176
9,749 13,376

CURRENT ASSETS
Debtors 6 350,146 365,773
Cash at bank 1,627,726 1,441,486
1,977,872 1,807,259
CREDITORS
Amounts falling due within one year 7 550,524 429,476
NET CURRENT ASSETS 1,427,348 1,377,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,437,097

1,391,159

PROVISIONS FOR LIABILITIES 8 1,237 -
NET ASSETS 1,435,860 1,391,159

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 10 29,980 29,980
Capital redemption reserve 10 20 20
Retained earnings 10 1,405,660 1,360,959
SHAREHOLDERS' FUNDS 1,435,860 1,391,159

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 13 February 2024 and were signed on its behalf by:





D N Carter - Director


THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

The Software Bureau Ltd 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. ACCOUNTING POLICIES

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

The functional currency of the Company is the Great British Pound ("GBP "). And the figures are shown to the nearest pound.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

Turnover
Turnover represents net invoiced sales of software licences and royalties earned on software. Licence fee income is recognised in full at the start of the licence period. Royalty income is recognised in line with monthly customer notifications.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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% per annum on cost
Motor vehicles - 25% per annum on cost
Computer equipment - 33% per annum on cost


THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2022
and 30 September 2023 48,000
AMORTISATION
At 1 October 2022 40,800
Amortisation for year 2,400
At 30 September 2023 43,200
NET BOOK VALUE
At 30 September 2023 4,800
At 30 September 2022 7,200

Other intangible assets relate to intellectual property rights.

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 7,857 21,926 84,672 114,455
Additions - - 1,935 1,935
Disposals - (21,926 ) - (21,926 )
At 30 September 2023 7,857 - 86,607 94,464
DEPRECIATION
At 1 October 2022 7,857 21,926 78,496 108,279
Charge for year - - 3,162 3,162
Eliminated on disposal - (21,926 ) - (21,926 )
At 30 September 2023 7,857 - 81,658 89,515
NET BOOK VALUE
At 30 September 2023 - - 4,949 4,949
At 30 September 2022 - - 6,176 6,176

THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 318,717 340,225
Other debtors 31,429 25,548
350,146 365,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 92,303 67,882
Taxation and social security 164,204 122,738
Other creditors 294,017 238,856
550,524 429,476

8. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 1,237

Deferred
tax
£   
Balance at 1 October 2022 (560 )
Deferred tax 1,797
Balance at 30 September 2023 1,237

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

THE SOFTWARE BUREAU LTD (REGISTERED NUMBER: 02826490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 October 2022 1,360,959 29,980 20 1,390,959
Profit for the year 164,701 164,701
Dividends (120,000 ) (120,000 )
At 30 September 2023 1,405,660 29,980 20 1,435,660

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ms Joanne Brown (Senior Statutory Auditor)
for and on behalf of Sargeant Partnership LLP

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the directors were paid dividends totalling £120,000 (2022: £120,000)

13. RELATED PARTY DISCLOSURES

Other than the directors there are no other members of key management.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the business is Mr P Morgan and Mr P A Callow by virtue of their shareholdings.