REGISTERED NUMBER: 12226903 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COMPUTER GENERATED SOLUTIONS UK LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Friedman

Mr J Friedman

SECRETARY:

Redfern Legal Llp

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodfood Green

Essex

IG8 8HD

REGISTERED NUMBER:

12226903 (England and Wales)

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

FIXED ASSETS

Tangible assets

4

1,898

605

CURRENT ASSETS

Debtors

475,778

575,741

Cash at bank

187,759

299,223

663,537

874,964

CREDITORS

Amounts falling due within one year

502,484

792,991

NET CURRENT ASSETS

161,053

81,973

TOTAL ASSETS LESS CURRENT LIABILITIES

162,951

82,578

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

162,950

82,577

162,951

82,578

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2025 and were signed on its behalf by:

Mr P Friedman - Director

1.	STATUTORY INFORMATION

Computer Generated Solutions Uk Ltd 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors and other group companies.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when the amount of the revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Revenue is recognised as follows:

- Software licences: revenue is recognised at the point in time when the user right is granted and control of the licence passes to the customer.

- Development services: revenue is recognised over time in line with the agreed contractual terms, typically as fixed monthly fees.

- Maintenance contracts: revenue is recognised on a straight line basis over the period of the maintenance contract.

- Commission: revenue is recognised in accordance with the contract terms, typically on a monthly or quarterly basis as the right to consideration arises.

- Hosting services: revenue is recognised on a straight line basis over the contract period, in line with the monthly or fixed fees charged.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. The company assesses at each reporting date whether tangible fixed assets are fully impaired.

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price.

Debt instruments are recognised at initial transaction price.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

19,246

Additions

1,864

At 31 December 2024

21,110

DEPRECIATION

At 1 January 2024

18,641

Charge for year

571

At 31 December 2024

19,212

NET BOOK VALUE

At 31 December 2024

1,898

At 31 December 2023

605

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Mehul Thaker ACA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

6.	PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company, being invested with an insurance company. During the year contributions payable by the company to the fund amounted to £10,258 (2023 - £9,300). The amount outstanding at the year-end included in creditors amounted to £4,858 (2023 - £4,895).

7.	CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or the end of the financial year.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10.	ULTIMATE HOLDING COMPANY

The ultimate holding company is Computer Generated Solutions Inc., a company registered in United States of America.