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REGISTERED NUMBER: 05606087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Critical Simulations Limited

Critical Simulations Limited (Registered number: 05606087)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Critical Simulations Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Prof J P Crego
Mrs C Crego-Molloy
Mr A S Crego





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 05606087 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Critical Simulations Limited (Registered number: 05606087)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,367 36,424

CURRENT ASSETS
Debtors 5 67,058 536,854
Cash at bank 483,963 484,503
551,021 1,021,357
CREDITORS
Amounts falling due within one year 6 323,787 490,451
NET CURRENT ASSETS 227,234 530,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,601

567,330

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 269,591 567,320
SHAREHOLDERS' FUNDS 269,601 567,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2025 and were signed on its behalf by:




Mr A S Crego - Director



Mrs C Crego-Molloy - Director


Critical Simulations Limited (Registered number: 05606087)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Critical Simulations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 3 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year 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.

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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Critical Simulations Limited (Registered number: 05606087)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 16,477 42,165 93,522 152,164
Additions 1,950 12,500 9,962 24,412
Disposals - (7,345 ) - (7,345 )
At 31 August 2024 18,427 47,320 103,484 169,231
DEPRECIATION
At 1 September 2023 14,122 23,388 78,230 115,740
Charge for year 1,114 3,696 6,314 11,124
At 31 August 2024 15,236 27,084 84,544 126,864
NET BOOK VALUE
At 31 August 2024 3,191 20,236 18,940 42,367
At 31 August 2023 2,355 18,777 15,292 36,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 43,218 210,113
Other debtors 8,700 -
Tax repayable - 310,968
Prepayments and accrued income 15,140 15,773
67,058 536,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 2,935 124,798
Amounts owed to group undertakings 12,921 -
Tax - 36,008
Social security and other taxes 4,610 6
VAT 1,721 65,008
Other creditors 10,230 7,240
Directors' current accounts 13,416 5,755
Accruals and deferred income 277,954 251,636
323,787 490,451

7. CONTINGENT LIABILITIES

There are no contingent liabilities to the knowledge of the directors apart from matters arising in the ordinary course of business.

Critical Simulations Limited (Registered number: 05606087)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. OTHER FINANCIAL COMMITMENTS

The directors are unaware of any other financial commitments outstanding at the period end.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

31.8.24 31.8.23
£    £   
Prof J P Crego and Mrs S L Crego
Balance outstanding at start of year (5,755 ) 1,052,298
Amounts advanced 711 48,439
Amounts repaid (4,343 ) (1,106,492 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,387 ) (5,755 )

Mr A S Crego
Balance outstanding at start of year - -
Amounts repaid (4,028 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,028 ) -