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Company Registration No. 7997430 (England and Wales)
Reviva Softworks Ltd Unaudited accounts for the year ended 31 March 2025
Reviva Softworks Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Reviva Softworks Ltd Company Information for the year ended 31 March 2025
Directors
Jules Goldberg Vanessa Myriam Mortiaux
Company Number
7997430 (England and Wales)
Registered Office
10C Printing House Yard Hackney Rd London E2 7PR UK
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Reviva Softworks Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reviva Softworks Ltd for the year ended 31 March 2025 as set out on pages 5 - 9 from the company's accounting records and from information and explanations you have given us.
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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of Reviva Softworks Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2016. Our work has been undertaken solely to prepare for your approval the accounts of Reviva Softworks Ltd and state those matters that we have agreed to state to the Board of Directors of Reviva Softworks Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reviva Softworks Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reviva Softworks 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 Reviva Softworks Ltd. You consider that Reviva Softworks 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 Reviva Softworks 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.
Barnes & Scott Chartered Accountants 86-90 Paul Street London EC2A 4NE 2 December 2025
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Reviva Softworks Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
118,672
52,425
Tangible assets
5
805,493
42,956
924,165
95,381
Current assets
Debtors
6
462,130
434,349
Cash at bank and in hand
2,011,860
1,806,718
2,473,990
2,241,067
Creditors: amounts falling due within one year
7
(451,774)
(301,908)
Net current assets
2,022,216
1,939,159
Total assets less current liabilities
2,946,381
2,034,540
Provisions for liabilities
Deferred tax
(12,739)
-
Net assets
2,933,642
2,034,540
Capital and reserves
Called up share capital
8
10
10
Profit and loss account
2,933,632
2,034,530
Shareholders' funds
2,933,642
2,034,540
For the year ending 31 March 2025 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 2 December 2025 and were signed on its behalf by
Jules Goldberg Director Company Registration No. 7997430
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Reviva Softworks Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Reviva Softworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 7997430. The registered office is 10C Printing House Yard, Hackney Rd, London, E2 7PR, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the Company is expected to benefit.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20 years straight line
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Reviva Softworks Ltd Notes to the Accounts for the year ended 31 March 2025
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over a useful life of 10 years.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
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 accounts. 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.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
66,093
Additions
76,231
At 31 March 2025
142,324
Amortisation
At 1 April 2024
13,668
Charge for the year
9,984
At 31 March 2025
23,652
Net book value
At 31 March 2025
118,672
At 31 March 2024
52,425
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Reviva Softworks Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
-
117,093
117,093
Additions
742,119
62,355
804,474
At 31 March 2025
742,119
179,448
921,567
Depreciation
At 1 April 2024
-
74,137
74,137
Charge for the year
14,642
27,295
41,937
At 31 March 2025
14,642
101,432
116,074
Net book value
At 31 March 2025
727,477
78,016
805,493
At 31 March 2024
-
42,956
42,956
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
57,999
66,625
Accrued income and prepayments
404,131
350,666
Other debtors
-
14,625
462,130
431,916
Amounts falling due after more than one year
Other debtors
-
2,433
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
29,843
19,137
Amounts owed to group undertakings and other participating interests
171,594
172,027
Taxes and social security
206,406
23,466
Other creditors
2,504
28,452
Loans from directors
4,955
955
Accruals
36,472
57,871
451,774
301,908
At year end, an amount of £4,955 (2024: £955) was owed to the director of the company. The directors loan account is non-interest bearing and repayable on demand.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
9 Ordinary A shares of £1 each
9
9
1 Ordinary B shares of £1 each
1
1
10
10
- 8 -
Reviva Softworks Ltd Notes to the Accounts for the year ended 31 March 2025
9
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
74,000
10
Loans to directors
At year end, £4,955 was owed by the company to the directors (2024: £955).
11
Controlling party
The parent company is Reviva Softworks Group Ltd, having its registered office at 10c Printing House Yard, Hackney Road, London, United Kingdom, E2 7PR
12
Average number of employees
During the year the average number of employees was 10 (2024: 9).
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