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REGISTERED NUMBER: 06260006 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOFTTEK UK LIMITED

SOFTTEK UK LIMITED (REGISTERED NUMBER: 06260006)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOFTTEK UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: B C Lopez Santiago
R N Montelongo Romero
D M L Seedorf Fernandez





SECRETARY: M Fernandez





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 06260006 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

SOFTTEK UK LIMITED (REGISTERED NUMBER: 06260006)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 170,349 159,022
Cash at bank 61,801 41,330
232,150 200,352
CREDITORS
Amounts falling due within one year 5 44,944 25,383
NET CURRENT ASSETS 187,206 174,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,206

174,969

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 187,205 174,968
SHAREHOLDERS' FUNDS 187,206 174,969

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





D M L Seedorf Fernandez - Director


SOFTTEK UK LIMITED (REGISTERED NUMBER: 06260006)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Softtek UK 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.

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.

The company has obtained a letter of support from the immediate parent company. The directors of the parent company have provided a commitment to provide any financial support which may be necessary in order for the company to meet liabilities, as they fall due, for a period of at least 12 months and 1 day from the signing of the financial statements. As a result of this commitment the directors have continued to adopt the going concern basis in preparing the financial statements.

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
Revenue is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is a cost recharge to the immediate parent company and another group company. Revenue is recognised on completion of the service. Revenue is wholly attributable to the principle activity of the company.

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

SOFTTEK UK LIMITED (REGISTERED NUMBER: 06260006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 154,791 145,827
Other debtors 12,749 -
VAT 2,615 3,880
Accrued income - 9,026
Prepayments 194 289
170,349 159,022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 981 3,075
Tax 3,864 (1,587 )
Social security and other taxes 12,749 9,661
Other creditors 984 984
Accruals and deferred income 26,366 13,250
44,944 25,383

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

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

The Report of the Auditors was unqualified.

Amy Enslin (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

SOFTTEK UK LIMITED (REGISTERED NUMBER: 06260006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 - continued

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Valores Corporativos Softtek, S.A. de C.V., a company incorporated in Mexico.

The smallest group of undertakings for which consolidated financial statements are prepared which include Softtek UK Limited are those of Softtek Digital Innovation, S.L., a company incorporated in Spain. Copies of these consolidated financial statements are available from Softtek Digital Innovation, S.L., A Coruña, Polígono de Pocomaco, calle Quinta Avenida nº 91 (parcela D­22), Centro Mans (15190), Spain.