CACTUS IT SOLUTIONS UK LTD Filleted Accounts Cover
CACTUS IT SOLUTIONS UK LTD
Company No. 13514776
Information for Filing with The Registrar
31 July 2023
CACTUS IT SOLUTIONS UK LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 July 2023.
Principal activities
The principal activity of the company during the year under review was IT Consultancy Services and Other activities of employment placement agencies.
Directors
The Directors who served at any time during the year were as follows:
M. Kumari
A. Moilla
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M. Kumari
Director
10 April 2024
CACTUS IT SOLUTIONS UK LTD Balance Sheet Registrar
at
31 July 2023
Company No.
13514776
Notes
2023
2022
£
£
Current assets
Debtors
4
78,600-
Cash at bank and in hand
325,51281,596
404,11281,596
Creditors: Amount falling due within one year
5
(318,367)
(29,928)
Net current assets
85,74551,668
Total assets less current liabilities
85,74551,668
Net assets
85,74551,668
Capital and reserves
Called up share capital
22
Profit and loss account
7
85,74351,666
Total equity
85,74551,668
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 April 2024 and signed on its behalf by:
M. Kumari
Director
10 April 2024
CACTUS IT SOLUTIONS UK LTD Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
CACTUS IT SOLUTIONS UK LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13514776
Its registered office is:
40 Caversham Road
Reading
Berkshire
England
RG1 7EB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of services is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
services;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the services sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of services is recognised when services are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
10
4
Debtors
2023
2022
£
£
Other debtors
78,600-
78,600-
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,6914,976
Taxes and social security
67,210
26,917
Other creditors
245,466
(1,965)
318,36729,928
6
Share Capital
2 Equity shares issued with Aggregate Nominal Value of £ 2 and fully paid.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
95,400
34,000
95,400
34,000
Dividends by type:
Equity dividends
95,40034,000
95,400
34,000
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