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REGISTERED NUMBER: 03414092 (England and Wales)



















DEWESOFT UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DEWESOFT UK LTD (REGISTERED NUMBER: 03414092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


DEWESOFT UK LTD (REGISTERED NUMBER: 03414092)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,498 3,507

CURRENT ASSETS
Stocks 147,479 182,608
Debtors 5 892,150 297,533
Cash at bank 684,527 670,240
1,724,156 1,150,381
CREDITORS
Amounts falling due within one year 6 461,908 237,641
NET CURRENT ASSETS 1,262,248 912,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,273,746

916,247

PROVISIONS FOR LIABILITIES 2,874 666
NET ASSETS 1,270,872 915,581

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 5,000 5,000
Retained earnings 1,265,672 910,381
1,270,872 915,581

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2024 and were signed by:





A Hathway - Director


DEWESOFT UK LTD (REGISTERED NUMBER: 03414092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dewesoft Uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03414092

Registered office: 1 Appley Court Appley Wood Corner
Haynes
Bedford
MK45 3QQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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 - 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 Profit and Loss Account, 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.

DEWESOFT UK LTD (REGISTERED NUMBER: 03414092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 28,498
Additions 11,543
At 31 December 2023 40,041
DEPRECIATION
At 1 January 2023 24,991
Charge for year 3,552
At 31 December 2023 28,543
NET BOOK VALUE
At 31 December 2023 11,498
At 31 December 2022 3,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 878,818 284,975
Other debtors 13,332 12,558
892,150 297,533

DEWESOFT UK LTD (REGISTERED NUMBER: 03414092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,359 2,110
Taxation and social security 333,667 146,803
Other creditors 114,882 88,728
461,908 237,641

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 10,044 10,044
Between one and five years 837 10,881
10,881 20,925

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

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Keelings Limited

9. RELATED PARTY DISCLOSURES

Dewesoft d.o.o
This is the parent company to Dewesoft UK Limited.

Purchases amounting to £1,527,293 were invoiced from Dewesoft d.o.o during the year (2022: £1,152,746).

Dewesoft Deutschland GmbH
Fellow subsidiary

Expenses amounting to £1,563 were invoiced from Dewesoft Deutschland GmbH during the year (2022: £1,391).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dewesoft d.o.o.

Dewesoft d.o.o prepares financial statements and copies can be obtained from:

Dewesoft d.o.o
Gabrsko 11a
1420 Trbovlje
Slovenia