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REGISTERED NUMBER: 04514127 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DESIGNBUILDER SOFTWARE LIMITED

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGNBUILDER SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A W Tindale
D J Cocking





SECRETARY: A W Tindale





REGISTERED OFFICE: Stroud House
Russell Street
Stroud
Gloucestershire
GL5 3AN





REGISTERED NUMBER: 04514127 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,820 11,805

CURRENT ASSETS
Debtors 5 117,842 117,046
Cash at bank and in hand 1,121,111 708,181
1,238,953 825,227
CREDITORS
Amounts falling due within one year 6 363,066 286,621
NET CURRENT ASSETS 875,887 538,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,707

550,411

CREDITORS
Amounts falling due after more than one
year

7

(131,500

)

(181,500

)

PROVISIONS FOR LIABILITIES (2,705 ) (1,025 )
NET ASSETS 752,502 367,886

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 751,492 366,876
SHAREHOLDERS' FUNDS 752,502 367,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




A W Tindale - Director



D J Cocking - Director


DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

DesignBuilder Software 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Due to the digital nature of the company's sales, software is usually purchased online and downloaded directly by the consumer.

VAT is recognised where necessary on sales in view of the international nature of the company's trade. All sales are recognised in the financial statements excluding VAT.

Software is sold with unlimited free support. The revenue received in respect of support and the value of the support provided with the software is amortised over the expected period over which it will be used up, in order to ensure that revenue is recognised in the appropriate accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Software - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Software fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 86,741 4,631 62,173 153,545
Additions - - 4,478 4,478
At 31 December 2023 86,741 4,631 66,651 158,023
DEPRECIATION
At 1 January 2023 86,741 4,194 50,805 141,740
Charge for year - 110 5,353 5,463
At 31 December 2023 86,741 4,304 56,158 147,203
NET BOOK VALUE
At 31 December 2023 - 327 10,493 10,820
At 31 December 2022 - 437 11,368 11,805

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,292 58,430
Amounts owed by group undertakings 12,015 8,221
Other debtors - 42,291
Prepayments and accrued income 12,535 8,104
117,842 117,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,942 33,852
Corporation Tax 41,204 -
Social security and other taxes 24,664 22,440
Pension 2,824 2,298
VAT 24,626 22,144
Other creditors 3,824 1,055
Directors' loan accounts 1,304 680
Deferred income 234,678 204,152
363,066 286,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - <1 year 50,000 50,000
Bank loans - 2-5 years 81,500 131,500
131,500 181,500

8. SECURED DEBTS

HSBC UK Bank PLC hold a charge over the company which is registered at Companies House. The charge is a fixed and floating charge that covers all assets with the floating charge covering all the property and undertaking of the company. The charge contains a negative pledge.

9. OTHER FINANCIAL COMMITMENTS

As at the yearend, the business had financial commitments of £37,000 (2022: £49,000).

DESIGNBUILDER SOFTWARE LIMITED (REGISTERED NUMBER: 04514127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A W Tindale
Balance outstanding at start of year (340 ) (312 )
Amounts advanced - 284
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (652 ) (340 )

S Potter
Balance outstanding at start of year - (312 )
Amounts advanced - 525
Amounts repaid - (213 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D J Cocking
Balance outstanding at start of year (340 ) (312 )
Amounts advanced - 284
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (652 ) (340 )

No interest is being charged on the loan and there are no set repayment terms.

11. RELATED PARTY DISCLOSURES

DesignBuilder Software Holdings Limited (incorporated in England and Wales) is regarded by the directors as being the company's ultimate parent company. The registered office address of DesignBuilder Software Holdings Limited is Stroud House, Russell Street, Stroud, England, GL5 3AN.

The company has taken advantage of the exemption available under section 33.1A of Financial Reporting Standard 102, not to disclose transactions with other wholly owned members of the group.