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REGISTERED NUMBER: 04944050 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Crescendo Systems Limited

Crescendo Systems Limited (Registered number: 04944050)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crescendo Systems Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C Mandilaras
J R Bendall





SECRETARY: Mr. R Williams





REGISTERED OFFICE: 7 Brackenwood
Sunbury on Thames
Middlesex
TW16 6SQ





REGISTERED NUMBER: 04944050 (England and Wales)





ACCOUNTANTS: Kelly & Associates
7 Brackenwood
Sunbury on Thames
Middlesex
TW16 6SQ

Crescendo Systems Limited (Registered number: 04944050)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,446 4,175

CURRENT ASSETS
Stocks 5 55,018 10,995
Debtors 6 275,682 292,807
Prepayments and accrued income 20,333 21,156
Cash at bank 253,648 251,858
604,681 576,816
CREDITORS
Amounts falling due within one year 7 395,746 351,879
NET CURRENT ASSETS 208,935 224,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,381

229,112

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 209,381 228,112
SHAREHOLDERS' FUNDS 210,381 229,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Crescendo Systems Limited (Registered number: 04944050)

Balance Sheet - continued
30 September 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 19 February 2024 and were signed on its behalf by:





J R Bendall - Director


Crescendo Systems Limited (Registered number: 04944050)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Crescendo Systems 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. 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.

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.
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Crescendo Systems Limited (Registered number: 04944050)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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 workplace pension scheme through the National Employment Savings Trust (NEST). It is a defined contribution workplace pension scheme and is available to all employees who meet the eligibility criteria. The cost recognised in the Profit & Loss account in the year to 30 September 2023 was £7,063 (2022 £7,668).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 2,868 14,903 17,771
DEPRECIATION
At 1 October 2022 2,032 11,564 13,596
Charge for year 518 2,211 2,729
At 30 September 2023 2,550 13,775 16,325
NET BOOK VALUE
At 30 September 2023 318 1,128 1,446
At 30 September 2022 836 3,339 4,175

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 55,018 10,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 75,861 69,709
Amounts owed by group undertakings 199,821 223,098
275,682 292,807

Crescendo Systems Limited (Registered number: 04944050)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 192,026 67,811
Corporation Tax 22,766 13,581
Social security and other taxes 16,715 16,425
VAT 57,572 41,928
Accruals and deferred income 98,061 197,711
Accrued expenses 8,606 14,423
395,746 351,879

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Between one and five years 32,474 37,513

At 30 September 2023 the company had aggregate annual commitments under non-cancellable operating leases that expire in the next 5 years.as noted above

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RELATED PARTY DISCLOSURES

During the year under review the company bought products worth £10,555 (2022 £7,401) and services £79,000 (2022 £24,000) from Crescendo Systems Corporation & Crescendo Systems Holdings Inc, companies associated with Mr. C. Mandilaras, one of the directors. These transactions were carried out at market value.

At the Balance Sheet date the company is owed by Crescendo Systems Corporation £7,666 (2022 1,944) In addition the company is owed £192,154 by Crescendo Systems Corporation (2022 £222,152). The debt is denominated in pounds sterling.

At the balance sheet date the company was under the control of Mr. C. Mandilaras through his shareholding in Crescendo Systems Inc, a Canadian corporation.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Mandilaras.