Mind Software Limited Filleted Accounts Cover
Mind Software Limited
Audited accounts
Company No. 03152665
Information for Filing with The Registrar
31 December 2025
Mind Software Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2025.
Principal activities
The principal activity of the company during the year under review was distribution of software products.
Directors
The Directors who served at any time during the year were as follows:
M. Iancu
G. Parness
(Resigned 25 November 2025)
Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with
applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors
have elected to prepare the accounts in accordance with united Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must
not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of
the company and of the profit or loss of the company for that period. In preparing these accounts, the
directors are required to:
* select suitable accounting policies and then apply them consistently;
* make judgments and estimates that are reasonable and prudent;
* prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business.
* state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section
1A, have been followed, subject to any material departures disclosed and explained in the
financial statements
The directors are responsible for keeping adequate accounting records that show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Auditors
The auditors, Gordon Levy Limited, are deemed to be reappointed under Section 487(2) of the Companies Act 2006.
Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are
unaware and each director has taken all the steps that he or she ought to have taken as a director in order to
make himself or herself aware of any relevant information and to establish that the company's auditors are
aware of that information.
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
M. Iancu
Director
29 April 2026
Mind Software Limited Balance Sheet Registrar
at
31 December 2025
Company No.
03152665
Notes
2025
2024
£
£
Fixed assets
Investments
5
79,52679,526
79,52679,526
Current assets
Debtors
6
21,61085,979
Cash at bank and in hand
3,542,1163,640,308
3,563,7263,726,287
Creditors: Amount falling due within one year
7
(19,835)
(95,781)
Net current assets
3,543,8913,630,506
Total assets less current liabilities
3,623,4173,710,032
Net assets
3,623,4173,710,032
Capital and reserves
Called up share capital
964964
Share premium account
8
168,920168,920
Profit and loss account
8
3,453,5333,540,148
Total equity
3,623,4173,710,032
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.
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 April 2026 and signed on its behalf by:
M. Iancu
Director
29 April 2026
Mind Software Limited Notes to the Accounts Registrar
for the year ended 31 December 2025
1
General information
Mind Software Limited is a private company limited by shares and incorporated in England and Wales.
The company's registered number is: 03152665
The address of the company's registered office is:
201 Haverstock Hill
Second Floor C/O Fkgb
London
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. 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.
2
Accounting policies
Turnover
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

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.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss. Investments in subsidiaries are measured at cost less accumulated impairment.
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.
3
Employees
2025
2024
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Taxation
2025
2024
£
£
Domestic current year tax
-68,875
U.K. corporation tax
Current tax charge
-68,875
Mind Software Ltd has tax losses carried forward of £86,616 (2024: £nil). The associated deferred tax asset of £16,457 (2024: £nil) has not been recognised as the directors do not currently consider there to be sufficient evidence of future taxable profits against which the losses can be utilised.
5
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 January 2025
79,526
79,526
At 31 December 2025
79,526
79,526
Provisions/Impairment
Net book values
At 31 December 2025
79,526
79,526
At 31 December 2024
79,526
79,526
6
Debtors
2025
2024
£
£
Trade debtors
10,47611,328
VAT recoverable
762520
Other debtors
10,37274,131
21,61085,979
7
Creditors:
amounts falling due within one year
2025
2024
£
£
Trade creditors
-5,658
Taxes and social security
-
68,875
Other creditors
4,2506,025
Accruals and deferred income
15,58515,223
19,83595,781
8
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
Transactions with related parties
The company has taken advantage of the exemption available according to Section 33 of FRS 102 "Related party disclosure" not to disclose the transactions entered into between two or more members of a group that are wholly owned.
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
MIND CTI LTD
The parent's registered office address is:
2 HaCarmel St
Yoqneam Ilit
2066724
Israel
10
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
Mind Software Limited0315266531 December 202501 January 2025false29 April 2026BTCSoftware AP Solution 2025 12.3.0312.3.03For the year ended 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.031526652025-01-012025-12-31031526652025-12-31031526652024-12-3103152665core:WithinOneYear2025-12-3103152665core:WithinOneYear2024-12-3103152665core:ShareCapital2025-12-3103152665core:ShareCapital2024-12-3103152665core:SharePremium2025-12-3103152665core:SharePremium2024-12-3103152665core:RetainedEarningsAccumulatedLosses2025-12-3103152665core:RetainedEarningsAccumulatedLosses2024-12-3103152665countries:UnitedKingdom2025-01-012025-12-3103152665bus:RegisteredOffice2025-01-012025-12-31031526652024-01-012024-12-3103152665core:CostValuation2025-12-3103152665core:CostValuation2024-12-3103152665core:CostValuation2025-01-0103152665core:CostValuationcore:UnlistedNon-exchangeTraded2025-12-3103152665core:SharePremium2025-01-012025-12-3103152665core:RetainedEarningsAccumulatedLosses2025-01-012025-12-31031526652025-01-0103152665bus:SmallEntities2025-01-012025-12-3103152665bus:FullAccounts2025-01-012025-12-3103152665bus:AuditExempt-NoAccountantsReport2025-01-012025-12-3103152665bus:Director12025-01-012025-12-3103152665bus:PrivateLimitedCompanyLtd2025-01-012025-12-31iso4217:GBPxbrli:pure