Registration number: 01870663

Severnsoft Limited

trading as Essential Computing

Contents

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

Severnsoft Limited

trading as Essential Computing

Company Information

Directors

David Kellett Clare Knight Sara Jayne Appleyard

Company secretary

Maria Dimery

Registered office

Unit 2 Marine View Office Park 42 Martingale Way Portishead Bristol BS20 7AW

Accountants

JWB Corporate Ltd 22 Mulberry Avenue Portishead North Somerset BS20 7LG

Severnsoft Limited

trading as Essential Computing

(Registration number: 01870663)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,549	24,827
Current assets
Stocks	5	13,366	67,365
Debtors	6	1,423,809	1,419,615
Cash at bank and in hand		1,156,101	916,372
		2,593,276	2,403,352
Creditors: Amounts falling due within one year	7	(1,998,179)	(1,929,939)
Net current assets		595,097	473,413
Total assets less current liabilities		612,646	498,240
Creditors: Amounts falling due after more than one year	7	(54,618)	(33,568)
Provisions for liabilities		(3,992)	(5,724)
Net assets		554,036	458,948
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		553,036	457,948
Shareholders' funds		554,036	458,948

Severnsoft Limited

trading as Essential Computing

(Registration number: 01870663)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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.

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... David Kellett Director

......................................... Clare Knight Director

Severnsoft Limited

trading as Essential Computing

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

1	General information

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

The address of its registered office is:
Unit 2 Marine View Office Park
42 Martingale Way
Portishead
Bristol
BS20 7AW

These financial statements were authorised for issue by the Board on 16 September 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 financial statements are prepared in Pounds Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have considered the ability of the company to continue in business for at least 12 months from the date of approval of the financial statements.Based on current trading conditions and the financial position of the company, the directors are of the opinion the company is a going concern.

Severnsoft Limited

trading as Essential Computing

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

Judgements

Key judgements are made in repsect of depreciation and amortisation rates as the use life of assets is most difficult to determine.

As explained in the contract revenue accounting policy, management judges the perpetual licence fee income to be recognisable as revenue immediately, on the basis that all associated costs of providing the licence have been incurred and ongoing costs are covered by maintenance contracts. No judgement is therefore made to estimate contract length.

Key sources of estimation uncertainty

Carrying value of intangible fixed assets
The intangible fixed assets are fully written down and disposed as at the end of this current accounting period. However, the amortisation rate and impairment of these assets in comparatives is considered to be the most subjective area and susceptible to estimation uncertainty. The directors have considered the carrying value is a true representation of the value to the business.

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.

The company enters into licence and maintenance contracts of fixed periods. Revenue is deferred and released to the profit and loss account over the period to which the contract relates.

The sale of perpetual licences is recognised as revenue immediately, on the basis that the costs asscoiated with providing the licence have already been incurred and ongoing support is provided through maintenance contracts that are deferred accordingly.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

Severnsoft Limited

trading as Essential Computing

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

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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Leasehold property improvements	4% straight line
Fixtures, fittings and equipment	25% 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 merchandise 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.

Severnsoft Limited

trading as Essential Computing

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Severnsoft Limited

trading as Essential Computing

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2024 - 19).

4	Tangible assets

	Leasehold property improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	28,795	554,910	583,705
Additions	-	2,139	2,139
At 31 December 2025	28,795	557,049	585,844
Depreciation
At 1 January 2025	10,726	548,152	558,878
Charge for the year	5,759	3,658	9,417
At 31 December 2025	16,485	551,810	568,295
Carrying amount
At 31 December 2025	12,310	5,239	17,549
At 31 December 2024	18,069	6,758	24,827

Included within the net book value of land and buildings above is £12,310 (2024 - £18,069) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	13,366	67,365

Severnsoft Limited

trading as Essential Computing

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	427,704	451,396
Prepayments	996,105	945,925
Other debtors	-	22,294
	1,423,809	1,419,615

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	192,154	233,584
Taxation and social security	188,644	142,170
Accruals and deferred income	1,616,111	1,552,942
Other creditors	1,270	1,243
	1,998,179	1,929,939

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Deferred income	54,618	33,568

Severnsoft Limited

trading as Essential Computing

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

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	27,408	18,272
Later than one year and not later than five years	27,408	-
	54,816	18,272

The amount of non-cancellable operating lease payments recognised as an expense during the year was £27,408 (2024 - £27,408).

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £54,816 (2024 - £18,272). No security is provided for financial commitments.

10	Related party transactions

The company has taken the exemption available under FRS 102 1AC.35 not to dislcose related party trasnactions that are concluded under normal market conditions.

11	Parent and ultimate parent undertaking

During the prior year, Clevedon Computing Limited transferred its interest in Severnsoft Limited to its own parent company Essential Computing Limited. At the year end Essential Computing Limited holds 100% of the share capital of Severnsoft Limited and Clevedon Computing Limited directly. Clevedon Computing Limited has subsequently been dissolved.

 The company's immediate parent is Essential Computing Limited, incorporated in England & Wales and the registered address is Unit 2 Marine View Office Park, 42 Martingale Way, Portishead, Bristol, BS20 7AW.

 The ultimate controlling parties are Clare Knight and David Kellett.