ACCOUNTS - Final Accounts preparation

Company registration number: 03021355

CRITICAL COMPUTER COMPANY LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2026

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


CRITICAL COMPUTER COMPANY LIMITED Registered number:03021355

Statement of Financial Position

As at 31 March 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		1,032		2,023
Investments			991,048		576,951
			992,080		578,974
Current assets
Debtors: amounts falling due within one year	6	13,800		12,900
Cash at bank and in hand	7	6,503		237,561
		20,303		250,461
Creditors: amounts falling due within one year	8	(107,435)		(35,094)
Net current (liabilities)/assets			(87,132)		215,367
Total assets less current liabilities			904,948		794,341

Net assets			904,948		794,341

Capital and reserves
Called up share capital	1	1
Profit and loss account	904,947	794,340
	904,948	794,341

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CRITICAL COMPUTER COMPANY LIMITED Registered number:03021355

Statement of Financial Position (continued)

As at 31 March 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 August 2026.

Edmund C F Wheeler

Director

The notes on pages 3 to 7 form part of these financial statements.

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CRITICAL COMPUTER COMPANY LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2026

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Risbygate Street, Bury St Edmunds, Suffolk, IP33 3AQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

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CRITICAL COMPUTER COMPANY LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

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.

2.9

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.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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CRITICAL COMPUTER COMPANY LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2026

3.	Employees
		2026	2025
		£	£

Wages and salaries	13,703	13,528
	13,703	13,528

The average monthly number of employees, including directors, during the year was 1 (2025 - 1).

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 April 2025	37,454
	Additions	432
	At 31 March 2026	37,886
	Depreciation
	At 1 April 2025	35,431
	Charge for the year on owned assets	1,423
	At 31 March 2026	36,854
	Net book value
	At 31 March 2026	1,032
	At 31 March 2025	2,023

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CRITICAL COMPUTER COMPANY LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2026

5.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	At 1 April 2025	576,951
	Additions	8,414,833
	Disposals	(7,944,483)
	Revaluations	(56,253)
	At 31 March 2026	991,048

Debtors

					2026	2025
					£	£


Trade debtors	13,800	12,900
	13,800	12,900

7.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	6,503	237,561
	6,503	237,561

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Corporation tax	106,184	27,225
Other taxation and social security	100	6,374
Accruals and deferred income	1,151	1,495
	107,435	35,094

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CRITICAL COMPUTER COMPANY LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2026

9.	Director's advances, credits and guarantees

		2026
	Balance brought forward	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr E Wheeler	-	101,498	(101,498)	-
		2025
	Balance brought forward	Advances/(credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr E Wheeler	345,765	96,570	(442,335)	-

10.	Related party transactions
	The company was under the control of Mr Wheeler throughout the current and previous year. Mr Wheeler is the managing director and majority shareholder.

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