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REGISTERED NUMBER: 06363481 (England and Wales)







Financial Statements for the Year Ended 31st March 2024

for

Software Analysis Solutions Ltd

Software Analysis Solutions Ltd (Registered number: 06363481)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Software Analysis Solutions Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: G S Arnot
J A Arnot





REGISTERED OFFICE: 4 Old Road South
Kempsey
Worcestershire
WR5 3NH





REGISTERED NUMBER: 06363481 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Software Analysis Solutions Ltd (Registered number: 06363481)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,677 4,637
Investments 5 99,984 91,536
103,661 96,173

CURRENT ASSETS
Debtors 1,276 551
Cash at bank 476,484 357,323
477,760 357,874
CREDITORS
Amounts falling due within one year 42,168 48,664
NET CURRENT ASSETS 435,592 309,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,253

405,383

PROVISIONS FOR LIABILITIES 919 881
NET ASSETS 538,334 404,502

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 6 (2,888 ) (10,027 )
Retained earnings 541,220 414,527
SHAREHOLDERS' FUNDS 538,334 404,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Software Analysis Solutions Ltd (Registered number: 06363481)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 2nd August 2024 and were signed on its behalf by:





G S Arnot - Director


Software Analysis Solutions Ltd (Registered number: 06363481)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Software Analysis Solutions Ltd 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

FIXED ASSET INVESTMENTS
Fixed asset investments are valued in the Balance Sheet at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Software Analysis Solutions Ltd (Registered number: 06363481)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 9,300
Additions 265
At 31st March 2024 9,565
DEPRECIATION
At 1st April 2023 4,663
Charge for year 1,225
At 31st March 2024 5,888
NET BOOK VALUE
At 31st March 2024 3,677
At 31st March 2023 4,637

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2023 91,536
Additions 9,243
Disposals (7,933 )
Revaluations 7,138
At 31st March 2024 99,984
NET BOOK VALUE
At 31st March 2024 99,984
At 31st March 2023 91,536

Cost or valuation at 31st March 2024 is represented by:
Totals
£   
Valuation in 2021 (1,354 )
Valuation in 2023 (8,672 )
Valuation in 2024 7,138
Cost 102,872
99,984

6. RESERVES
Non-distribu
reserve
£   
At 1st April 2023 (10,027 )
Revaluation 7,139

At 31st March 2024 (2,888 )

Software Analysis Solutions Ltd (Registered number: 06363481)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st March 2024 and the period ended 31st March 2023:

2024 2023
£    £   
G S Arnot
Balance outstanding at start of year (216 ) (72 )
Amounts advanced 900 324
Amounts repaid (312 ) (468 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 372 (216 )

Loans to directors are repayable on demand and no interest charged on this loan.

8. RELATED PARTY DISCLOSURES

Included in debtors is a balance owing from an LLP in which the company is a corporate member. The profit share from the LLP is recorded in the profit and loss account.