Company No:
Contents
| Directors | J E Rigby |
| S D Rigby |
| Registered office | 9 Donnington Park |
| 85 Birdham Road | |
| Chichester | |
| PO20 7AJ | |
| United Kingdom |
| Company number | 09365354 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 9 Donnington Park | |
| 85 Birdham Road | |
| Chichester | |
| West Sussex | |
| PO20 7AJ |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Softnet Enterprise Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Softnet Enterprise Limited. You consider that Softnet Enterprise Limited is exempt from the statutory audit requirement for the financial period.
We have not been instructed to carry out an audit or a review of the financial statements of Softnet Enterprise Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
| Note | 31.03.2025 | 31.12.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 1,329 | 2,967 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 28,804 | 37,555 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 4,635 | 4,764 | ||
| Total assets less current liabilities | 5,964 | 7,731 | ||
| Provision for liabilities | 6 |
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| Capital and reserves | ||||
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Softnet Enterprise Limited (registered number:
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S D Rigby
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Softnet Enterprise Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, PO20 7AJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors made the decision that the Company would cease trading on 31 March 2025. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.
Reporting period length has been extended to 15 months ending 31 March 2025.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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.
| Period from 01.01.2024 to 31.03.2025 |
Year ended 31.12.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including directors |
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| Office equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 January 2024 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||
| At 01 January 2024 |
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| Charge for the financial period |
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| At 31 March 2025 |
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| Net book value | |||
| At 31 March 2025 |
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| At 31 December 2023 |
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| 31.03.2025 | 31.12.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| 31.03.2025 | 31.12.2023 | ||
| £ | £ | ||
| Corporation tax |
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| Other taxation and social security |
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| Other creditors |
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| 31.03.2025 | 31.12.2023 | ||
| £ | £ | ||
| At the beginning of financial period/year | (
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| Credited to the Statement of Income and Retained Earnings |
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| At the end of financial period/year |
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