Registration number: 02236737

Cunning Running Software Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 10

Cunning Running Software Limited

Company Information

Director

Duncan Bednall

Registered office

Bell House 32 Bell Street Romsey Hampshire SO51 0GW

Cunning Running Software Limited

Director's Report for the Year Ended 31 May 2025

The director presents his report and the financial statements for the year ended 31 May 2025.

Director of the company

The director who held office during the year was as follows:

Mr Stephen John Mallon (resigned 17 August 2025)

The following director was appointed after the year end:

Duncan Bednall (appointed 17 August 2025)

Principal activity

The principal activity of the company is sale of computer software, training and consultancy

Director's liabilities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 September 2025
 

......................................... Duncan Bednall Director

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cunning Running Software Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cunning Running Software Limited for the year ended 31 May 2025 as set out on pages 4 to 10 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Cunning Running Software Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cunning Running Software Limited and state those matters that we have agreed to state to the Board of Directors of Cunning Running Software Limited, 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/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cunning Running Software Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cunning Running Software Limited 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 Cunning Running Software Limited. You consider that Cunning Running Software Limited 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 Cunning Running Software 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 accounts.

......................................

HowdenWhite LLP
Chartered Certified Accountants
Units 16-18
The Boscombe Centre
Amesbury
Wiltshire
SP4 7SD

1 September 2025

Cunning Running Software Limited

(Registration number: 02236737)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	53,549	67,469
Current assets
Debtors	6	155,786	78,197
Cash at bank and in hand		1,024,632	808,679
		1,180,418	886,876
Creditors: Amounts falling due within one year	7	(875,124)	(550,811)
Net current assets		305,294	336,065
Total assets less current liabilities		358,843	403,534
Provisions for liabilities		(12,899)	(16,314)
Net assets		345,944	387,220
Capital and reserves
Called up share capital	8	425	425
Retained earnings		345,519	386,795
Shareholders' funds		345,944	387,220

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 1 September 2025
 

......................................... Duncan Bednall Director

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Bell House
32 Bell Street
Romsey
Hampshire
SO51 0GW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	15% reducing balance basis
Computer equipment	25% reducing balance basis
Leasehold property	10% straight line basis
Fixtures & Fittings	15% reducing balance basis
Plant & Machinery	20% reducing balance basis
Equipment for hire	25% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 Years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2024 - 10).

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 June 2024	7,510	7,510
At 31 May 2025	7,510	7,510
Amortisation
At 1 June 2024	7,510	7,510
At 31 May 2025	7,510	7,510
Carrying amount
At 31 May 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	110,119	215,999	326,118
Additions	-	3,017	3,017
At 31 May 2025	110,119	219,016	329,135
Depreciation
At 1 June 2024	110,119	148,530	258,649
Charge for the year	-	16,937	16,937
At 31 May 2025	110,119	165,467	275,586
Carrying amount
At 31 May 2025	-	53,549	53,549
At 31 May 2024	-	67,469	67,469

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	98,455	18,812
Prepayments	56,508	50,186
Other debtors	823	9,199
	155,786	78,197

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	14,225	79,958
Taxation and social security	147,854	99,657
Accruals and deferred income	710,104	364,028
Other creditors	2,941	7,168
	875,124	550,811

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A £0.25 of £0.25 each	400	100	400	100
Ordinary B £0.25 of £0.25 each	1,300	325	1,300	325
	1,700	425	1,700	425

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £58,764 (2024 - £91,164).

11 Controlling Party
 

Cunning Running Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cunning Running Software Employee Ownership Trust is the owner of 100% of Cunning Running Software Limited issued share capital and is the controlling party as at 31st May 2023.

12 Employee Ownership Trust

On the 30th June 2022 the Cunning Running Software Employee Ownership Trust (the EOT) purchased 400 Ordinary A shares of £0.25p each and 1300 Ordinary B shares of £0.25 each being 100% of the share capital. During the year to 31st May 2025 £151,764 was contributed from the company and treated as a deduction within equity. Cunning Running Software Trustee Limited, a company limited by guarantee, is the corporate trustee of the EOT.