Silverfin false false 30/06/2024 01/07/2023 30/06/2024 K E Hambleton 20/01/2015 C Jones 15/02/2024 R J Nissen 14/12/2022 S M Smith 14/12/2022 01 June 2025 The principal activity of the Company during the financial year was that of software development. 03387857 2024-06-30 03387857 bus:Director1 2024-06-30 03387857 bus:Director2 2024-06-30 03387857 bus:Director3 2024-06-30 03387857 bus:Director4 2024-06-30 03387857 2023-06-30 03387857 core:CurrentFinancialInstruments 2024-06-30 03387857 core:CurrentFinancialInstruments 2023-06-30 03387857 core:ShareCapital 2024-06-30 03387857 core:ShareCapital 2023-06-30 03387857 core:RetainedEarningsAccumulatedLosses 2024-06-30 03387857 core:RetainedEarningsAccumulatedLosses 2023-06-30 03387857 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 03387857 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 03387857 core:FurnitureFittings 2023-06-30 03387857 core:OfficeEquipment 2023-06-30 03387857 core:FurnitureFittings 2024-06-30 03387857 core:OfficeEquipment 2024-06-30 03387857 2023-07-01 2024-06-30 03387857 bus:FilletedAccounts 2023-07-01 2024-06-30 03387857 bus:SmallEntities 2023-07-01 2024-06-30 03387857 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03387857 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03387857 bus:Director1 2023-07-01 2024-06-30 03387857 bus:Director2 2023-07-01 2024-06-30 03387857 bus:Director3 2023-07-01 2024-06-30 03387857 bus:Director4 2023-07-01 2024-06-30 03387857 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-07-01 2024-06-30 03387857 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 03387857 core:FurnitureFittings 2023-07-01 2024-06-30 03387857 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 03387857 2022-07-01 2023-06-30 03387857 core:OfficeEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 03387857 (England and Wales)

CONNECTIVE LOGIC SYSTEMS LTD.

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

CONNECTIVE LOGIC SYSTEMS LTD.

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

CONNECTIVE LOGIC SYSTEMS LTD.

BALANCE SHEET

As at 30 June 2024
CONNECTIVE LOGIC SYSTEMS LTD.

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 549 276
549 276
Current assets
Debtors 5 32,291 55,870
Cash at bank and in hand 184,606 129,435
216,897 185,305
Creditors: amounts falling due within one year 6 ( 42,447) ( 44,643)
Net current assets 174,450 140,662
Total assets less current liabilities 174,999 140,938
Net assets 174,999 140,938
Capital and reserves
Called-up share capital 1,475 1,475
Profit and loss account 173,524 139,463
Total shareholders' funds 174,999 140,938

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Connective Logic Systems Ltd. (registered number: 03387857) were approved and authorised for issue by the Board of Directors on 01 June 2025. They were signed on its behalf by:

K E Hambleton
Director
CONNECTIVE LOGIC SYSTEMS LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
CONNECTIVE LOGIC SYSTEMS LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Connective Logic Systems Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 5 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of [amount of years] years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 July 2023 4,260 4,260
At 30 June 2024 4,260 4,260
Accumulated amortisation
At 01 July 2023 4,260 4,260
At 30 June 2024 4,260 4,260
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 July 2023 730 20,754 21,484
Additions 0 510 510
At 30 June 2024 730 21,264 21,994
Accumulated depreciation
At 01 July 2023 635 20,573 21,208
Charge for the financial year 18 219 237
At 30 June 2024 653 20,792 21,445
Net book value
At 30 June 2024 77 472 549
At 30 June 2023 95 181 276

5. Debtors

2024 2023
£ £
Trade debtors 32,183 55,630
Other debtors 108 240
32,291 55,870

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 31,973 27,894
Other creditors 10,474 16,749
42,447 44,643

7. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 July 2023, the balance owed to the director was £229. During the year, £259 was advanced to the director. At 30 June 2024, the balance owed by the director was £30.

At 1 July 2022, the balance owed by the director was £3,098. During the year, £21,363 was advanced to the director, and £24,461 was repaid by the director. At 30 June 2023, the balance owed to the director was £229.