Company Registration No. 07406244 (England and Wales)
Theory and Practice of Software Ltd
Unaudited accounts
for the year ended 31 October 2024
Theory and Practice of Software Ltd
Unaudited accounts
Contents
Theory and Practice of Software Ltd
Company Information
for the year ended 31 October 2024
Directors
Nikolaos Siafakas
Abubakar Hassan
Secretary
Nikolaos Siafakas
Company Number
07406244 (England and Wales)
Registered Office
G35 Expressway Studios
1 Dock Road
London
E16 1AG
UK
Accountants
PMCT Accountants & Consultants
Suite 322B, Ability House
121 Brooker Road
Waltham Abbey
Essex
EN9 1JH
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Theory and Practice of Software Ltd
for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Theory and Practice of Software Ltd for the year ended
31 October 2024 as set out on pages
5 -
6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Theory and Practice of Software Ltd, as a body, in accordance with the terms of our engagement letter dated 2 January 2011. Our work has been undertaken solely to prepare for your approval the accounts of Theory and Practice of Software Ltd and state those matters that we have agreed to state to the Board of Directors of Theory and Practice of Software Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Theory and Practice of Software Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Theory and Practice of Software Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Theory and Practice of Software Ltd. You consider that Theory and Practice of Software Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Theory and Practice of Software Ltd. 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 accounts.
PMCT Accountants & Consultants
Chartered Certified Accountants
Suite 322B, Ability House
121 Brooker Road
Waltham Abbey
Essex
EN9 1JH
24 July 2025
Theory and Practice of Software Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
337,522
283,719
Creditors: amounts falling due within one year
(19,137)
(18,792)
Net current assets
318,385
264,927
Total assets less current liabilities
394,647
341,189
Creditors: amounts falling due after more than one year
(212,125)
(203,286)
Net assets
182,522
137,903
Called up share capital
1,000
1,000
Profit and loss account
181,522
136,903
Shareholders' funds
182,522
137,903
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by
Abubakar Hassan
Director
Company Registration No. 07406244
Theory and Practice of Software Ltd
Notes to the Accounts
for the year ended 31 October 2024
Theory and Practice of Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 07406244. The registered office is G35 Expressway Studios, 1 Dock Road, London, E16 1AG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Other investments
Valuation at 1 November 2023
76,262
Valuation at 31 October 2024
76,262
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17,097
17,975
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
212,125
203,286
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).