Company Registration No. 03736174 (England and Wales)
C Software Limited
Unaudited accounts
for the year ended 31 May 2024
C Software Limited
Unaudited accounts
Contents
C Software Limited
Company Information
for the year ended 31 May 2024
Directors
Andrew Ballantyne
Robert Dorehill
Orville Wade
Company Number
03736174 (England and Wales)
Registered Office
16 Miller Court Severn Drive
Tewkesbury Business Park
Tewkesbury
Gloucestershire
GL20 8DN
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
C Software Limited
Statement of financial position
as at 31 May 2024
Tangible assets
844,902
812,746
Cash at bank and in hand
7,572,091
6,047,000
Creditors: amounts falling due within one year
(1,333,394)
(1,054,304)
Net current assets
6,278,124
5,431,708
Net assets
7,123,026
6,244,454
Called up share capital
211
211
Share premium
37,489
37,489
Profit and loss account
7,085,326
6,206,754
Shareholders' funds
7,123,026
6,244,454
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Andrew Ballantyne
Director
Company Registration No. 03736174
C Software Limited
Notes to the Accounts
for the year ended 31 May 2024
C Software Limited is a private company, limited by shares, registered in England and Wales, registration number 03736174. The registered office is 16 Miller Court Severn Drive, Tewkesbury Business Park, Tewkesbury, Gloucestershire, GL20 8DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Cost
Fixtures & fittings
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
C Software Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
758,106
307,913
226,430
1,292,449
Additions
-
99,082
4,137
103,219
At 31 May 2024
758,106
406,995
230,567
1,395,668
At 1 June 2023
-
257,717
221,986
479,703
Charge for the year
-
66,658
4,405
71,063
At 31 May 2024
-
324,375
226,391
550,766
At 31 May 2024
758,106
82,620
4,176
844,902
At 31 May 2023
758,106
50,196
4,444
812,746
Amounts falling due within one year
Trade debtors
20,650
108,394
Accrued income and prepayments
18,777
330,618
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,358
6,636
Trade creditors
6,214
17,542
Taxes and social security
866,684
647,706
7
Average number of employees
During the year the average number of employees was 46 (2023: 41).