Priority Software UK LTD Accounts






Priority Software UK LTD
Audited accounts
	Company No. 11437414
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was provision of ERP software, business software solutions, and advanced company management software.




Directors

The Directors who served at any time during the year were as follows:

S.I. Greenspan
L. Maza			(Resigned 31 December 2024)







































Auditors
The auditors, Gordon Levy Limited, will be proposed for appointment in accordance with Section 486 of the Companies Act 2006.




































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

L. Maza
Director
29 December 2025

at	31 December 2024
Company No.		11437414	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	183	775


				183	775
Current assets

	Debtors		5	68,153	165,416

	Cash at bank and in hand			-	69,766
				68,153	235,182
Creditors: Amount falling due within one year			6	(45,281)	(214,033)
Net current assets				22,872	21,149
Total assets less current liabilities				23,055	21,924




Net assets				23,055	21,924

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	22,955	21,824

Total equity				23,055	21,924



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 December 2025 and signed on its behalf by:





Director
29 December 2025

for the year ended 31 December 2024

General information

Priority Software UK LTD is a private company limited by shares and incorporated in England and Wales.

The company's registered number is: 11437414

The address of the company's registered office is:

201 Haverstock Hill

Second Floor C/O Fkgb

London

England

NW3 4QG

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006.

Going concern

These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, has no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. Although the entity ended the financial year in a net current liability position, the director is confident that the group will provide adequate support to the UK entity. Accordingly the director has a reasonable expectation that the company will continue in operational existence and therefore he continues to adopt the going concern basis of accounting to prepare the financial statements.

Accounting policies

Turnover

The company measures revenue at fair value of the consideration received or receivable. The fair value of the consideration received or receivable takes into account the amount of any trade discounts, prompt settlement discounts and volume rebates allowed by the entity. The company recognises fees paid for the use of the company's software in accordance with the substance of the agreement. The assignment of rights for a fixed fee or non-refundable guarantee under a non-cancellable contract that permits the licensee to exploit those rights freely and the company has no remaining obligations to perform, is recognised at the time of the sale in full. The company recognises services that are performed over a specified period of time on a straight line basis.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight line

Research and development costs

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	1

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 January 2024	3,253	3,253




		At 31 December 2024	3,253	3,253
		Depreciation
		At 1 January 2024	2,478	2,478
		Charge for the year	592	592



		At 31 December 2024	3,070	3,070
		Net book values
		At 31 December 2024	183	183
		At 31 December 2023	775	775

5	Debtors
			2024	2023
			£	£
		Trade debtors	32,675	36,734
		Amounts owed by group undertakings	35,450	120,139


		VAT recoverable	-	8,515

		Other debtors	28	28

			68,153	165,416

6	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	872	13,807
		Amounts owed to group undertakings	3,271	153,859
		Taxes and social security	2,638	1,189

		Other creditors	6,474	-
		Accruals and deferred income	32,026	45,178
			45,281	214,033

Share Capital

Share capital consists of 1,000 ordinary shares of £0.10 allocated, called up and fully paid

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

The company has taken advantage of the exemption according to FRS 102 1A "Related party disclosure" not to disclose transactions entered into between two or more members of a group that are wholly owned.

Controlling party

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Priority Software LTD

The parent's registered office address is:

12 Amal St.

Rosh Haayin

Israel , 1025897

Audit of the accounts

The directors have required the company to obtain an audit.

Unqualified

The auditors were: Gordon Levy Limited

The senior statutory auditor was: Gordon Levy, BA, FCA