Corrin Software Products Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02987527

CORRIN SOFTWARE PRODUCTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

CORRIN SOFTWARE PRODUCTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	–	1,200
Tangible assets	6	3,235	3,976
		-------	-------
		3,235	5,176

CURRENT ASSETS

Debtors	7	100,193	71,826
Cash at bank and in hand		88,553	112,920
		---------	---------
		188,746	184,746

CREDITORS: amounts falling due within one year	8	205,376		185,263
		---------		---------
NET CURRENT LIABILITIES			16,630		517
			--------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 13,395)		4,659
			--------		-------
NET (LIABILITIES)/ASSETS			( 13,395)		4,659
			--------		-------

CAPITAL AND RESERVES

Called up share capital fully paid	66	66
Capital redemption reserve	233	233
Profit and loss account	( 13,694)	4,360
	--------	-------
SHAREHOLDERS (DEFICIT)/FUNDS	( 13,395)	4,659
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CORRIN SOFTWARE PRODUCTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr M G Hamill

Director

Company registration number: 02987527

CORRIN SOFTWARE PRODUCTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Old Town Hall, Market Place, Oundle, Peterborough, PE8 4BQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors and creditors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Computer Equipment	-	33% straight line

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	6,000
	-------
Amortisation
At 1 April 2024	4,800
Charge for the year	1,200
	-------
At 31 March 2025	6,000
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	1,200
	-------

6. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	12,842	20,387	33,229
Additions	–	1,536	1,536
	--------	--------	--------
At 31 March 2025	12,842	21,923	34,765
	--------	--------	--------
Depreciation
At 1 April 2024	12,207	17,046	29,253
Charge for the year	95	2,182	2,277
	--------	--------	--------
At 31 March 2025	12,302	19,228	31,530
	--------	--------	--------
Carrying amount
At 31 March 2025	540	2,695	3,235
	--------	--------	--------
At 31 March 2024	635	3,341	3,976
	--------	--------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	69,047	44,816
Other debtors	31,146	27,010
	---------	--------
	100,193	71,826
	---------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,435	3,020
Corporation tax	23,703	33,520
Social security and other taxes	50,636	41,159
Other creditors	128,602	107,564
	---------	---------
	205,376	185,263
	---------	---------

9. GOING CONCERN

The directors have considered the period to 30 November 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.