REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 SEPTEMBER 2023 TO 31 DECEMBER 2024 |
FOR |
CTRLPRINT UK LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 SEPTEMBER 2023 TO 31 DECEMBER 2024 |
FOR |
CTRLPRINT UK LTD |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 September 2023 to 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CTRLPRINT UK LTD |
COMPANY INFORMATION |
for the Period 1 September 2023 to 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
BALANCE SHEET |
31 December 2024 |
31.12.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 September 2023 to 31 December 2024 |
1. | STATUTORY INFORMATION |
Ctrlprint UK Ltd is a |
The trading address of the company is Octagon Point, St. Paul's, 5 Cheapside, London, EC2V 6AA. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. The financial statements have been prepared under the historical cost convention. |
The company's accounting year-end was extended to 31 December to align the reporting period with fellow group companies. As a result, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. |
Going concern |
The parent company, CtrlPrint AB, has confirmed that they will continue to support CtrlPrint UK Ltd for a period of at least twelve months and one day following the signing of the audit report attached to these financial statements. As such the directors have used the going concern basis in preparing the financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue is recognised when access to the software is granted to the customer, as this is when the transfer of risks and rewards takes place. |
Intangible assets |
Intangible assets are initially recognised at cost and amortised over their estimated useful life of 5 years on a straight-line basis. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. |
Taxation |
Taxation for the period 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 balance sheet date. |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 September 2023 to 31 December 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Financial instruments |
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 September 2023 |
and 31 December 2024 |
AMORTISATION |
At 1 September 2023 |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 August 2023 |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 September 2023 to 31 December 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2023 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.8.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.8.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors & accruals |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.24 | 31.8.23 |
£ | £ |
Within one year |
Between one and five years |
CTRLPRINT UK LTD (REGISTERED NUMBER: 07252867) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 September 2023 to 31 December 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.8.23 |
value: | £ | £ |
Ordinary | £1 | 2,000 | 2,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 September 2023 |
Profit for the period |
Dividends | ( |
) |
At 31 December 2024 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:- |
"Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed." |
12. | ULTIMATE PARENT COMPANY |
The ultimate parent company is parent company is 96, Box 24079, 104 50 Stockholm, Sweden. CtrlPrint AB is the smallest group producing consolidated accounts incorporating CtrlPrint UK Ltd. The consolidated accounts are not publicly available. |