Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-14No description of principal activity12false2024-01-0112truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04578364 2024-01-01 2024-12-31 04578364 2023-01-01 2023-12-31 04578364 2024-12-31 04578364 2023-12-31 04578364 2023-01-01 04578364 c:Director1 2024-01-01 2024-12-31 04578364 d:Buildings 2024-01-01 2024-12-31 04578364 d:Buildings 2024-12-31 04578364 d:Buildings 2023-12-31 04578364 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 04578364 d:Buildings d:ShortLeaseholdAssets 2024-12-31 04578364 d:Buildings d:ShortLeaseholdAssets 2023-12-31 04578364 d:PlantMachinery 2024-01-01 2024-12-31 04578364 d:PlantMachinery 2024-12-31 04578364 d:PlantMachinery 2023-12-31 04578364 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:MotorVehicles 2024-01-01 2024-12-31 04578364 d:MotorVehicles 2024-12-31 04578364 d:MotorVehicles 2023-12-31 04578364 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:FurnitureFittings 2024-01-01 2024-12-31 04578364 d:FurnitureFittings 2024-12-31 04578364 d:FurnitureFittings 2023-12-31 04578364 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:OfficeEquipment 2024-01-01 2024-12-31 04578364 d:OfficeEquipment 2024-12-31 04578364 d:OfficeEquipment 2023-12-31 04578364 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:ComputerEquipment 2024-01-01 2024-12-31 04578364 d:ComputerEquipment 2024-12-31 04578364 d:ComputerEquipment 2023-12-31 04578364 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04578364 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 04578364 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04578364 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04578364 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04578364 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04578364 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04578364 d:CurrentFinancialInstruments 2024-12-31 04578364 d:CurrentFinancialInstruments 2023-12-31 04578364 d:Non-currentFinancialInstruments 2024-12-31 04578364 d:Non-currentFinancialInstruments 2023-12-31 04578364 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04578364 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04578364 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04578364 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04578364 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 04578364 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04578364 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 04578364 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04578364 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 04578364 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 04578364 d:ShareCapital 2024-12-31 04578364 d:ShareCapital 2023-12-31 04578364 d:RetainedEarningsAccumulatedLosses 2024-12-31 04578364 d:RetainedEarningsAccumulatedLosses 2023-12-31 04578364 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04578364 c:OrdinaryShareClass1 2024-12-31 04578364 c:OrdinaryShareClass1 2023-12-31 04578364 c:FRS102 2024-01-01 2024-12-31 04578364 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04578364 c:FullAccounts 2024-01-01 2024-12-31 04578364 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04578364 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 04578364 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 04578364 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 04578364 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 04578364 2 2024-01-01 2024-12-31 04578364 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04578364 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04578364 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-01-01 2024-12-31 04578364 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 04578364 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04578364










CONTROLSOFT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CONTROLSOFT LIMITED
REGISTERED NUMBER: 04578364

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
724
857

Tangible assets
 5 
893,866
915,846

  
894,590
916,703

Current assets
  

Stocks
 6 
249,290
286,713

Debtors: amounts falling due within one year
 7 
980,651
952,477

Cash at bank and in hand
  
538,851
415,020

  
1,768,792
1,654,210

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(529,430)
(482,198)

Net current assets
  
 
 
1,239,362
 
 
1,172,012

Total assets less current liabilities
  
2,133,952
2,088,715

Creditors: amounts falling due after more than one year
 9 
(334,573)
(382,663)

Provisions for liabilities
  

Deferred tax
 12 
(26,586)
(33,579)

  
 
 
(26,586)
 
 
(33,579)

Net assets
  
1,772,793
1,672,473


Capital and reserves
  

Called up share capital 
 13 
1,000
1,000

Profit and loss account
  
1,771,793
1,671,473

  
1,772,793
1,672,473


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 year 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.

Page 1

 
CONTROLSOFT LIMITED
REGISTERED NUMBER: 04578364

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of comprehensive income 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 by: 




................................................
J P Summers
Director

Date: 14 May 2025

Page 2

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1.


General information

Controlsoft Limited is a private company, limited by share capital and incorporated in England and Wales. 
The company's registered office and principal place of business is Security House, 82C Chesterton Lane, Cirencester, GL7 1YD.

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

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development expenditure
-
3
years
Other intangible fixed assets
-
10
years

 
2.4

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.

Page 3

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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


Freehold property
-
2%
straight line
Improvements to property
-
10%
straight line
Plant & machinery
-
4%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
33%
straight line

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.

 
2.5

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 on a weighted average basis. 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.11

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.

 
2.12

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.

Page 5

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Borrowing costs

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

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 6

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).


4.


Intangible assets




Other intangible assets
Development costs
Total

£
£
£



Cost


At 1 January 2024
112,881
35,511
148,392



At 31st December 2024

112,881
35,511
148,392



Amortisation


At 1 January 2024
112,024
35,511
147,535


Charge for the year
133
-
133



At 31st December 2024

112,157
35,511
147,668



Net book value



At 31st December 2024
724
-
724



At 31st December 2023
857
-
857



Page 7

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


5.


Tangible fixed assets






Freehold property
Improvements to property
Plant & machinery
Motor vehicles
Fixtures & fittings

£
£
£
£
£



Cost or valuation


At 1 January 2024
869,938
41,273
-
108,230
45,639


Additions
-
-
20,609
-
-



At 31st December 2024

869,938
41,273
20,609
108,230
45,639



Depreciation


At 1 January 2024
48,763
35,852
-
46,750
25,816


Charge for the year
17,399
611
69
15,369
4,959



At 31st December 2024

66,162
36,463
69
62,119
30,775



Net book value



At 31st December 2024
803,776
4,810
20,540
46,111
14,864



At 31st December 2023
821,175
5,421
-
61,480
19,823

Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
6,474
32,534
1,104,088


Additions
-
757
21,366



At 31st December 2024

6,474
33,291
1,125,454



Depreciation


At 1 January 2024
6,074
24,987
188,242


Charge for the year
100
4,839
43,346



At 31st December 2024

6,174
29,826
231,588



Net book value



At 31st December 2024
300
3,465
893,866



At 31st December 2023
400
7,547
915,846

Page 8

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
249,290
286,713

249,290
286,713



7.


Debtors

2024
2023
£
£

Trade debtors
908,124
852,685

Other debtors
72,527
99,792

980,651
952,477



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
36,269
35,106

Trade creditors
351,336
252,366

Corporation tax
61,002
85,764

Other taxation and social security
76,526
91,386

Obligations under finance lease and hire purchase contracts
-
8,950

Other creditors
47
4,964

Accruals and deferred income
4,250
3,662

529,430
482,198


The bank loan is secured against the property to which it relates.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 9

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
334,573
370,843

Net obligations under finance leases and hire purchase contracts
-
11,820

334,573
382,663


The bank loan is secured against the property to which it relates.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
36,269
35,106

Amounts falling due 1-2 years

Bank loans
31,441
36,269

Amounts falling due 2-5 years

Bank loans
88,503
89,287

Amounts falling due after more than 5 years

Bank loans
214,629
245,287

370,842
405,949



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
8,950

Between 1-5 years
-
11,820

-
20,770

Page 10

 
CONTROLSOFT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

12.


Deferred taxation




2024
2023


£

£






At beginning of year
(33,579)
(31,369)


Charged to profit or loss
6,993
(2,210)



At end of year
(26,586)
(33,579)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(26,586)
(33,579)

(26,586)
(33,579)


13.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary Shares shares of £1 each
1,000
1,000



14.


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 £83,706 (2023: £70,153).


15.


Related party transactions

The Company has taken advantage of the disclosure exemption available under FRS 102 Section 33.1A
not to disclose transactions entered into between 100% owned group companies.


16.


Controlling party

Meadowbrook Holdings Limited owns 100% of the issued share capital of the Company.

Page 11