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REGISTERED NUMBER: 08535130 (England and Wales)











Financial Statements

for the Year Ended 31 July 2023

for

Misoft Marketing Limited

Misoft Marketing Limited (Registered number: 08535130)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Misoft Marketing Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R Gow





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 08535130 (England and Wales)





AUDITORS: Leigh Christou Ltd
Chartered Certified Accountants and
Statutory Auditor
Leofric House
Binley Road
Coventry
CV3 1JN

Misoft Marketing Limited (Registered number: 08535130)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,575 112,330

CURRENT ASSETS
Debtors 5 106,497 99,291
Cash at bank 14,405 1,827
120,902 101,118
CREDITORS
Amounts falling due within one year 6 147,948 159,799
NET CURRENT LIABILITIES (27,046 ) (58,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,529

53,649

PROVISIONS FOR LIABILITIES 8 25,066 20,112
NET ASSETS 53,463 33,537

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 53,462 33,536
SHAREHOLDERS' FUNDS 53,463 33,537

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





R Gow - Director


Misoft Marketing Limited (Registered number: 08535130)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Misoft Marketing 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Misoft Marketing Limited (Registered number: 08535130)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 3,660 86,046 265,908 355,614
Additions - 7,137 23,868 31,005
At 31 July 2023 3,660 93,183 289,776 386,619
DEPRECIATION
At 1 August 2022 1,778 36,700 204,806 243,284
Charge for year 282 7,937 29,541 37,760
At 31 July 2023 2,060 44,637 234,347 281,044
NET BOOK VALUE
At 31 July 2023 1,600 48,546 55,429 105,575
At 31 July 2022 1,882 49,346 61,102 112,330

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 50,849 49,805
Other debtors 5,001 5,001
Prepayments 50,647 44,485
106,497 99,291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 10,783 3,968
Amounts owed to group undertakings 97,644 95,741
Tax 6,877 214
Social security and other taxes 6,829 5,891
Pension control 1,023 403
VAT 12,468 5,788
Accrued expenses 12,324 47,794
147,948 159,799

Misoft Marketing Limited (Registered number: 08535130)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 6,270 25,130
Between one and five years 12,018 -
18,288 25,130

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 25,066 20,112

Deferred
tax
£   
Balance at 1 August 2022 20,112
Charge to Statement of Income and Retained Earnings during year 4,954
Balance at 31 July 2023 25,066

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1.00 1 1

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

The Report of the Auditors was unqualified.

C A Christou FCCA MAE (Senior Statutory Auditor)
for and on behalf of Leigh Christou Ltd

11. RELATED PARTY DISCLOSURES

In accordance with FRS 102 Section 1A, the company only discloses transactions with related parties, including group companies, where they are not undertaken under normal market conditions.

Other Debtors includes £5,000 (2022: £5,000) owed by Maxstone Residential Property Limited, a company controlled by R Gow, the director. The loan is interest-free and repayable on demand.

12. AUDITOR LIABILITY LIMITATION AGREEMENT

Auditors liability is limited to a maximum of twenty five times the fee relating to the audit engagement.

The directors approved the agreement on 14th July 2023.

Misoft Marketing Limited (Registered number: 08535130)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by R Gow by virtue of her shareholding in the issued ordinary share capital of the ultimate parent company, ITUS Group Limited.

The registered office of ITUS Group Limited is Leofric House, Binley Road, Coventry, West Midlands, England, CV3 1JN.