Software Compliance Holdings Ltd Filleted Accounts Cover
Software Compliance Holdings Ltd
Company No. 14274443
Information for Filing with The Registrar
31 August 2024
Software Compliance Holdings Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 August 2024.
Principal activities
The principal activity of the company during the year under review was that of a holding company..
Directors
The Directors who served at any time during the year were as follows:
A. SUDRA
T.S. SUDRA
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. SUDRA
Director
07 January 2025
Software Compliance Holdings Ltd Balance Sheet Registrar
at
31 August 2024
Company No.
14274443
Notes
2024
2023
£
£
Fixed assets
Investments
4
160260
160260
Current assets
Cash at bank and in hand
87,46870,000
87,46870,000
Creditors: Amount falling due within one year
5
(63,495)
(44,797)
Net current assets
23,97325,203
Total assets less current liabilities
24,13325,463
Net assets
24,13325,463
Capital and reserves
Called up share capital
160160
Profit and loss account
6
23,97325,303
Total equity
24,13325,463
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 07 January 2025 and signed on its behalf by:
A. SUDRA
Director
07 January 2025
Software Compliance Holdings Ltd Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
Software Compliance Holdings Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14274443
Its registered office is:
20 Heathley Park Drive
Leicester
Leicestershire
LE3 9EQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
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.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 September 2023
260
260
Disposals
(100)
(100)
At 31 August 2024
160
160
Provisions/Impairment
Net book values
At 31 August 2024
160
160
At 31 August 2023
260
260
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
43,81932,297
Other creditors
19,42412,500
Accruals and deferred income
252-
63,49544,797
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
70,000
70,000
70,000
70,000
Dividends by type:
Non-equity preference dividends
--
Equity dividends
70,00070,000
70,000
70,000
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