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REGISTERED NUMBER: 03434758 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Result Software Limited

Result Software Limited (Registered number: 03434758)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Result Software Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs J E W D Jones
A S Jones





SECRETARY: Mrs J E W D Jones





REGISTERED OFFICE: Blodeufryn
Carmarthen Road
Cross Hands
Llanelli
Carmarthenshire
SA14 6TH





REGISTERED NUMBER: 03434758 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Result Software Limited (Registered number: 03434758)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11 16

CURRENT ASSETS
Stocks 6 560 440
Debtors 7 900 1,200
Cash at bank 215,935 203,934
217,395 205,574
CREDITORS
Amounts falling due within one year 8 135,496 111,314
NET CURRENT ASSETS 81,899 94,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,910

94,276

PROVISIONS FOR LIABILITIES 2 3
NET ASSETS 81,908 94,273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,808 94,173
SHAREHOLDERS' FUNDS 81,908 94,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Result Software Limited (Registered number: 03434758)

Statement of Financial Position - continued
29 February 2024


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 24 October 2024 and were signed on its behalf by:





A S Jones - Director


Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Result 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 3,613
DEPRECIATION
At 1 March 2023 3,597
Charge for year 5
At 29 February 2024 3,602
NET BOOK VALUE
At 29 February 2024 11
At 28 February 2023 16

6. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 560 440

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 900 1,200

Result Software Limited (Registered number: 03434758)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 875 680
Tax 4,138 320
Social security and other taxes 475 411
VAT 452 694
Directors' loan accounts 129,556 109,209
135,496 111,314

9. CAPITAL COMMITMENTS
29.2.24 28.2.23
£    £   
Contracted but not provided for in the
financial statements - -

10. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. The balances owed to the directors are shown in the notes to the financial statements . The loans are interest free with no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs A S Jones by virtue of their 100% shareholding.