Registered number
14330191
COMCRAFT SOFTWARE LIMITED
Filleted Accounts
30 September 2023
COMCRAFT SOFTWARE LIMITED
Registered number: 14330191
Balance Sheet
as at 30 September 2023
Notes 2023
£
Fixed assets
Intangible assets 3 142,200
Tangible assets 4 1,890
144,090
Current assets
Debtors 5 16,111
Cash at bank and in hand 44,175
60,286
Creditors: amounts falling due within one year 6 (66,670)
Net current (liabilities)/assets (6,384)
Net assets 137,706
Capital and reserves
Called up share capital 10,000
Share premium 119,500
Profit and loss account 8,206
Shareholder's funds 137,706
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P. Harrold
Director
Approved by the board on 26 January 2024
COMCRAFT SOFTWARE LIMITED
Notes to the Accounts
for the period from 1 September 2022 to 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery on a 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Intangible fixed assets £
Goodwill:
Cost
Additions 158,000
At 30 September 2023 158,000
Amortisation
Provided during the period 15,800
At 30 September 2023 15,800
Net book value
At 30 September 2023 142,200
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,363
At 30 September 2023 2,363
Depreciation
Charge for the period 473
At 30 September 2023 473
Net book value
At 30 September 2023 1,890
5 Debtors 2023
£
Trade debtors 16,111
6 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 10,711
Trade creditors 8,896
Directors loan account 21,578
Corporation Tax 13,954
Taxation and social security costs 1,152
Value Added Tax 9,179
Other creditors 1,200
66,670
7 Other information
COMCRAFT SOFTWARE LIMITED is a private company limited by shares and incorporated in England.
COMCRAFT SOFTWARE LIMITED 14330191 false 2022-09-01 2023-09-30 2023-09-30 VT Final Accounts April 2022 P. Harrold No description of principal activity 14330191 2022-09-01 2023-09-30 14330191 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-09-30 14330191 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-09-30 14330191 bus:Director40 2022-09-01 2023-09-30 14330191 core:Goodwill 2022-09-01 2023-09-30 14330191 countries:England 2022-09-01 2023-09-30 14330191 bus:FRS102 2022-09-01 2023-09-30 14330191 bus:FullAccounts 2022-09-01 2023-09-30 14330191 2023-09-30 14330191 core:WithinOneYear 2023-09-30 14330191 core:ShareCapital 2023-09-30 14330191 core:SharePremium 2023-09-30 14330191 core:RetainedEarningsAccumulatedLosses 2023-09-30 14330191 core:Goodwill 2023-09-30 14330191 2022-08-31 iso4217:GBP xbrli:pure