FIRST OPTION SOFTWARE LIMITED


Directors	CLARKE, Matthew Trevor
	EDWARDS, Michael Roger
	JONES, Owen Peter
	TURNER, Richard Irving


Company Secretary	EDWARDS, Michael Roger


Registered Address	Signal House, Jacklyns Lane
	Alresford
	Hampshire
	SO24 9JJ


Registered Number	06340261 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		7,040		7,347
Tangible assets	5		9,366		11,573
			16,406		18,920
Current assets
Debtors		441,400		289,066
Cash at bank and on hand		385,382		341,960
		826,782		631,026
Creditors amounts falling due within one year	6	(330,128)		(232,397)
Net current assets (liabilities)			496,654		398,629
Total assets less current liabilities			513,060		417,549
Provisions for liabilities			(2,348)		(2,262)
Net assets			510,712		415,287
Capital and reserves
Called up share capital			100		100
Profit and loss account			510,612		415,187
Shareholders' funds			510,712		415,287

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 13 May 2026, and are signed on its behalf by:

CLARKE, Matthew Trevor
Director
Registered Company No. 06340261

FIRST OPTION SOFTWARE LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are recorded at fair value and amortised over their estimated useful economic life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		15

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 September 24	10,698
	Disposals	(2,152)
	At 31 August 25	8,546
	Amortisation and impairment
	At 01 September 24	3,352
	Charge for year	306
	On disposals	(2,152)
	At 31 August 25	1,505
	Net book value
	At 31 August 25	7,040
	At 31 August 24	7,347

4.	Useful life of intangible assets
	Intangible assets such as licenses are amortised over their estimated useful economic life of 5 years.

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 24	146,786
	Additions	4,225
	Disposals	(115,212)
	At 31 August 25	37,951
	Depreciation and impairment
	At 01 September 24	135,213
	Charge for year	6,432
	On disposals	(115,212)
	At 31 August 25	28,586
	Net book value
	At 31 August 25	9,366
	At 31 August 24	11,573

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	56,311	47,215
Bank borrowings and overdrafts	168	-
Taxation and social security	27,948	45,080
Other creditors	11,195	6,876
Accrued liabilities and deferred income	234,506	133,226
Total	330,128	232,397


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.