Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2022-10-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04066809 2022-10-01 2024-03-31 04066809 2021-10-01 2022-09-30 04066809 2024-03-31 04066809 2022-09-30 04066809 c:Director1 2022-10-01 2024-03-31 04066809 d:FurnitureFittings 2022-10-01 2024-03-31 04066809 d:FurnitureFittings 2024-03-31 04066809 d:FurnitureFittings 2022-09-30 04066809 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 04066809 d:CurrentFinancialInstruments 2024-03-31 04066809 d:CurrentFinancialInstruments 2022-09-30 04066809 d:Non-currentFinancialInstruments 2024-03-31 04066809 d:Non-currentFinancialInstruments 2022-09-30 04066809 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04066809 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04066809 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04066809 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 04066809 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04066809 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 04066809 d:ShareCapital 2024-03-31 04066809 d:ShareCapital 2022-09-30 04066809 d:RetainedEarningsAccumulatedLosses 2024-03-31 04066809 d:RetainedEarningsAccumulatedLosses 2022-09-30 04066809 c:OrdinaryShareClass1 2022-10-01 2024-03-31 04066809 c:OrdinaryShareClass1 2024-03-31 04066809 c:OrdinaryShareClass1 2022-09-30 04066809 c:FRS102 2022-10-01 2024-03-31 04066809 c:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 04066809 c:FullAccounts 2022-10-01 2024-03-31 04066809 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 04066809 e:PoundSterling 2022-10-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04066809









SOFTCRAFT COMPUTER SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

 
SOFTCRAFT COMPUTER SERVICES LIMITED
REGISTERED NUMBER: 04066809

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
6,397
8,223

  
6,397
8,223

Current assets
  

Stocks
 6 
19,000
16,500

Debtors: amounts falling due after more than one year
 7 
4,391
2,190

Debtors: amounts falling due within one year
 7 
66,313
61,613

  
89,704
80,303

Creditors: amounts falling due within one year
 8 
(110,690)
(100,472)

Net current liabilities
  
 
 
(20,986)
 
 
(20,169)

Total assets less current liabilities
  
(14,589)
(11,946)

Creditors: amounts falling due after more than one year
 9 
(7,942)
(16,124)

  

Net liabilities
  
(22,531)
(28,070)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(22,631)
(28,170)

  
(22,531)
(28,070)


Page 1

 
SOFTCRAFT COMPUTER SERVICES LIMITED
REGISTERED NUMBER: 04066809

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




M T Wood
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Softcraft Computer Services Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 04066809. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes the continued support of the company's bankers and its director in the foreseeable future.  The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern and has considered a period of at least twelve months from the signature date of the financial statements. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & computer equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 3).


4.


Factors affecting future tax charges

The company has tax losses carried forward of £19,050 (2022 £26,397) available for set-off against future trading profits.

Page 5

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets







Fixtures & computer equipment

£



Cost or valuation


At 1 October 2022
19,910


Additions
2,000



At 31 March 2024

21,910



Depreciation


At 1 October 2022
11,687


Charge for the period on owned assets
3,826



At 31 March 2024

15,513



Net book value



At 31 March 2024
6,397



At 30 September 2022
8,223

Page 6

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Stocks and work in progress

31 March
30 September
2024
2022
£
£

Stock
1,500
1,500

Amounts recoverable on contracts
17,500
15,000

19,000
16,500



7.


Debtors

31 March
30 September
2024
2022
£
£

Due after more than one year

Tax repayable
4,391
2,190


31 March
30 September
2024
2022
£
£

Due within one year

Trade debtors
53,301
55,124

Other debtors
13,012
6,489

66,313
61,613


Page 7

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Bank overdrafts
13,617
10,883

Bank loans
4,975
4,645

Trade creditors
18,849
15,385

Corporation tax
4,391
2,190

Other taxation and social security
45,917
52,632

Other creditors
18,907
11,418

Accruals
4,034
3,319

110,690
100,472



9.


Creditors: Amounts falling due after more than one year

31 March
30 September
2024
2022
£
£

Bank loans
7,942
16,124



10.


Loans


Analysis of the maturity of loans is given below:


31 March
30 September
2024
2022
£
£

Amounts falling due within one year

Bank loans
4,975
4,645


Amounts falling due 2-5 years

Bank loans
7,942
16,124


12,917
20,769


Page 8

 
SOFTCRAFT COMPUTER SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Share capital

31 March
30 September
2024
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,487 (September 2022 - £931). Contributions totalling £749 (September 2022 - £4,394) were payable to the fund at the balance sheet date and are included in creditors.


Page 9