REGISTERED NUMBER: 04193333 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Compsoft (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P N J Lenton

C C Melhuish-Hancock

K J Parrish

D Payne

SECRETARY:

C C Melhuish-Hancock

REGISTERED OFFICE:

Turner House

9-10 Mill Lane

Alton

Hampshire

GU34 2QG

REGISTERED NUMBER:

04193333 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

13,245

23,867

CURRENT ASSETS

Work in progress

11,875

68,054

Debtors

5

222,984

387,366

Cash at bank

141,102

86,803

375,961

542,223

CREDITORS

Amounts falling due within one year

6

154,713

194,278

NET CURRENT ASSETS

221,248

347,945

TOTAL ASSETS LESS CURRENT LIABILITIES

234,493

371,812

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET ASSETS

232,826

360,145

CAPITAL AND RESERVES

Called up share capital

9

279

279

Retained earnings

232,547

359,866

SHAREHOLDERS' FUNDS

232,826

360,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 18 December 2025 and were signed on its behalf by:

D Payne - Director

K J Parrish - Director

1.	STATUTORY INFORMATION

Compsoft (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.

Going concern

The directors can confirm that they are confident Compsoft (UK) Ltd is a going concern for the next twelve months from the date of approval of these financial statements and will be able to meet its debts as they fall due. This is based on a cash flow forecast and a healthy order-book and order-book forecast.

Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion. The stage of completion is calculated by evaluating the number of steps complete on each individual project at the end of each month and calculating the percentage of the total project that has been completed. This is compared with actual amounts invoiced and income is either deferred or accrued for in order to reflect the project completion.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

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.

Research and development

Expenditure on research and development is written off to the Profit and Loss Account in the period in which it is incurred. Any credits or corporation tax reductions arising from research and development claims are included in the accounts as they become due.

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 considered 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.

Government grants

Grants relating to revenue shall be recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Deferred income

Deferred income is not recognised as revenue until they are earned. The deferred income relates to invoices raised on the onset of the contract.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

12,434

80,794

93,228

Additions

-

5,508

5,508

Disposals

-

(639

)

(639

)

At 31 March 2025

12,434

85,663

98,097

DEPRECIATION

At 1 April 2024

12,186

57,175

69,361

Charge for year

247

15,865

16,112

Eliminated on disposal

-

(621

)

(621

)

At 31 March 2025

12,433

72,419

84,852

NET BOOK VALUE

At 31 March 2025

1

13,244

13,245

At 31 March 2024

248

23,619

23,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,568

273,226

Other debtors

155,416

114,140

222,984

387,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

17,004

7,734

Taxation and social security

46,681

90,701

Other creditors

81,028

85,843

154,713

194,278

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

8.	DEFERRED TAX

£

Balance at 1 April 2024

(11,666

)

Accelerated capital allowances

(2,019

)

Unrealised tax losses c/f

(30,357

)

Balance at 31 March 2025

(44,042

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

276,311

Ordinary

0.1p

276

276

3,000

Ordinary A

0.1p

3

3

279

279

10.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with other entities that are related through common ownership / directorships.

The company made sales during the year of £3,956 (2024 - £7,910) to the related entities. The company also purchased services from related entities of £19,523 (2024 - £17,292).

At the balance sheet date, the company was owed £nil (2024 - £nil) by the related entities and owed the related entities £2,068 (2024 - £1,739).

All transactions were on an arm's length basis.

11.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party. A combination of different shareholders are able to jointly control the company.