Cirrus Software Solutions Limited - Period Ending 2025-08-31

Registration number: 14137781

Cirrus Software Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2025

Cirrus Software Solutions Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Cirrus Software Solutions Limited

Company Information

Directors

Mr J Williams

Mr A C Else

Mr A W King

Company secretary

Mrs K Williams

Registered office

Midway House
Herrick Way
Staverton
Cheltenham
England
GL51 6TQ

Accountants

Harbour Key Limited Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

Cirrus Software Solutions Limited

(Registration number: 14137781)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,240	10,810
Current assets
Debtors	5	191,861	153,631
Cash at bank and in hand		72,813	85,201
		264,674	238,832
Creditors: Amounts falling due within one year	6	(149,023)	(175,783)
Net current assets		115,651	63,049
Total assets less current liabilities		126,891	73,859
Provisions for liabilities		(2,810)	(2,703)
Net assets		124,081	71,156
Capital and reserves
Called up share capital		1,000	1,000
Share premium reserve		21,017	21,017
Retained earnings		102,064	49,139
Shareholders' funds		124,081	71,156

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Cirrus Software Solutions Limited

(Registration number: 14137781)
Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 20 April 2026 and signed on its behalf by:

.........................................
Mr J Williams
Director

.........................................
Mr A C Else
Director

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ
England

These financial statements were authorised for issue by the Board on 20 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the Balance Sheet. The corresponding dividends relating to the liability component are charges as interest in the Profit and Loss Account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction value (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financial transaction. If an arrangement constitutes a financial transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market value of interest for a similar debt instrument.

Impairment
Asset, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ("CGUs") of which the goodwill is a part. Any impairment in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 11).

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2024

15,434

15,434

Additions

7,963

7,963

At 31 August 2025

23,397

23,397

Depreciation

At 1 September 2024

4,624

4,624

Charge for the year

7,533

7,533

At 31 August 2025

12,157

12,157

Carrying amount

At 31 August 2025

11,240

11,240

At 31 August 2024

10,810

10,810

5

Debtors

Current

2025
£

2024
£

Trade debtors

171,469

148,578

Prepayments

6,884

5,053

Other debtors

13,508

-

191,861

153,631

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		4,706	10,266
Taxation and social security		73,487	80,427
Other creditors		70,830	85,090
		149,023	175,783

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7	Related party transactions

Other transactions with directors

At the year end the company owed the directors £51,560 (2024 - £51,248). This loan is interest free and repayable on demand.

8	Transition to FRS 102

Balance Sheet at 1 September 2023

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	6,548	-	-	6,548
Current assets
Debtors	60,644	-	-	60,644
Cash at bank and in hand	60,891	-	-	60,891
	121,535	-	-	121,535
Creditors: Amounts falling due within one year	(122,899)	-	-	(122,899)
Net current liabilities	(1,364)	-	-	(1,364)
Total assets less current liabilities	5,184	-	-	5,184
Provisions for liabilities	-	(1,637)	-	(1,637)
Net assets/(liabilities)	5,184	(1,637)	-	3,547
Capital and reserves
Called up share capital	(1,000)	-	-	(1,000)
Share premium reserve	(21,017)	-	-	(21,017)
Retained earnings	16,833	1,637	-	18,470
Total equity	(5,184)	1,637	-	(3,547)

Cirrus Software Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Balance Sheet at 31 August 2024

	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Tangible assets	10,810	-	-	10,810
Current assets
Debtors	153,631	-	-	153,631
Cash at bank and in hand	85,201	-	-	85,201
	238,832	-	-	238,832
Creditors: Amounts falling due within one year	(175,783)	-	-	(175,783)
Net current assets	63,049	-	-	63,049
Total assets less current liabilities	73,859	-	-	73,859
Provisions for liabilities	-	(2,703)	-	(2,703)
Net assets/(liabilities)	73,859	(2,703)	-	71,156
Capital and reserves
Called up share capital	(1,000)	-	-	(1,000)
Share premium reserve	(21,017)	-	-	(21,017)
Retained earnings	(51,842)	2,703	-	(49,139)
Total equity	(73,859)	2,703	-	(71,156)

	Office equipment £	Total £
Cost or valuation
At 1 September 2024	15,434	15,434
Additions	7,963	7,963
At 31 August 2025	23,397	23,397
Depreciation
At 1 September 2024	4,624	4,624
Charge for the year	7,533	7,533
At 31 August 2025	12,157	12,157
Carrying amount
At 31 August 2025	11,240	11,240
At 31 August 2024	10,810	10,810

Current	2025 £	2024 £
Trade debtors	171,469	148,578
Prepayments	6,884	5,053
Other debtors	13,508	-
	191,861	153,631