GIGASOFT DATA PROTECTION LIMITED

Company Registration Number:
05805761 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GIGASOFT DATA PROTECTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GIGASOFT DATA PROTECTION LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 2,250
Tangible assets: 4 637,789 645,465
Total fixed assets: 637,789 647,715
Current assets
Debtors:   414,172 467,439
Cash at bank and in hand: 15,032 8,820
Total current assets: 429,204 476,259
Creditors: amounts falling due within one year:   (417,330) (476,268)
Net current assets (liabilities): 11,874 (9)
Total assets less current liabilities: 649,663 647,706
Creditors: amounts falling due after more than one year:   (376,712) (409,491)
Provision for liabilities: (1,360) (2,718)
Total net assets (liabilities): 271,591 235,497
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 270,591 234,497
Shareholders funds: 271,591 235,497

The notes form part of these financial statements

GIGASOFT DATA PROTECTION LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 September 2024
and signed on behalf of the board by:

Name: Mr M Whitting
Status: Director

The notes form part of these financial statements

GIGASOFT DATA PROTECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Land and buildings Freehold No Charge Fixtures, fittings & equipment 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Other accounting policies

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

GIGASOFT DATA PROTECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 3

GIGASOFT DATA PROTECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 125,000
At 31 March 2024 125,000
Amortisation
At 01 April 2023 122,750
Charge for year 2,250
At 31 March 2024 125,000
Net book value
At 31 March 2024 0
At 31 March 2023 2,250

GIGASOFT DATA PROTECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 1,068,867
At 31 March 2024 1,068,867
Depreciation
At 01 April 2023 423,402
Charge for year 7,676
At 31 March 2024 431,078
Net book value
At 31 March 2024 637,789
At 31 March 2023 645,465

National Westminster Bank Plc have a fixed and floating charge over the undertaking in relation to all monies due or to become due. The fixed and floating charge covers all property and assets present and future, including goodwill, uncalled share capital, buildings, fixtures and plant and machinery