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Registration number: 06552920

Cerberus Software Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Cerberus Software Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Cerberus Software Solutions Ltd

Company Information

Directors

Mr Dylan Charles Franklin

Mr Adam Donaldson

Registered office

Unit 1 Kimberley Park
Kimberley Way
Rugeley
Staffordshire
WS15 1RE

Accountants

Wychbury Greaves Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

Cerberus Software Solutions Ltd

(Registration number: 06552920)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

233

436

Current assets

 

Debtors

34,018

32,382

Cash at bank and in hand

 

24,483

18,235

 

58,501

50,617

Creditors: Amounts falling due within one year

(39,740)

(29,097)

Net current assets

 

18,761

21,520

Total assets less current liabilities

 

18,994

21,956

Creditors: Amounts falling due after more than one year

(8,610)

(12,586)

Net assets

 

10,384

9,370

Capital and reserves

 

Called up share capital

5

150

150

Share premium reserve

1,990

1,990

Retained earnings

8,244

7,230

Shareholders' funds

 

10,384

9,370

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
Mr Dylan Charles Franklin
Director

 

Cerberus Software Solutions Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 May 2023

150

1,990

7,230

9,370

Profit for the year

-

-

41,014

41,014

Dividends

-

-

(40,000)

(40,000)

At 30 April 2024

150

1,990

8,244

10,384

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 May 2022

150

1,990

4,595

6,735

Profit for the year

-

-

32,635

32,635

Dividends

-

-

(30,000)

(30,000)

At 30 April 2023

150

1,990

7,230

9,370

 

Cerberus Software Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Kimberley Park
Kimberley Way
Rugeley
Staffordshire
WS15 1RE
England

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cerberus Software Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Cerberus Software Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

398

2,113

2,511

At 30 April 2024

398

2,113

2,511

Depreciation

At 1 May 2023

363

1,712

2,075

Charge for the year

5

198

203

At 30 April 2024

368

1,910

2,278

Carrying amount

At 30 April 2024

30

203

233

At 30 April 2023

35

401

436

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

90

90

90

90

Ordinary B of £1 each

60

60

60

60

150

150

150

150

6

Related party transactions

 

Cerberus Software Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Dylan Charles Franklin

Loan to director

9,814

33,206

(40,000)

3,020

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr Dylan Charles Franklin

Loan to director

(481)

40,295

(30,000)

9,814

 

Cerberus Software Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

13,017

12,000

Contributions paid to money purchase schemes

5,500

500

18,517

12,500

Dividends paid to directors

2024
£

2023
£

Mr Dylan Charles Franklin

Interim

40,000

30,000

-

-

40,000

30,000