Varley Software Limited - Filleted accounts

Registered number

13792362

Varley Software Limited

Filleted Accounts

31 December 2025

Varley Software Limited
Registered number:		13792362
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		91,883			66,834

Current assets
Debtors	4	44,693			40,472
Cash at bank and in hand		4,690			2,276
		49,383			42,748

Creditors: amounts falling due within one year	5	(132,026)			(104,885)

Net current liabilities			(82,643)			(62,137)

Net assets			9,240			4,697

Capital and reserves
Called up share capital			1,500			1,500
Profit and loss account			7,740			3,197

Shareholders' funds			9,240			4,697

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.







J A Jenkinson
Director
Approved by the board on 17 September 2026

Varley Software Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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 period in which the services are supplied.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Intangible fixed assets			£
	Research and development:

	Cost
	At 1 January 2025			66,834
	Additions			25,049
	At 31 December 2025			91,883

	Amortisation
	At 31 December 2025			-

	Net book value
	At 31 December 2025			91,883
	At 31 December 2024			66,834

	The value of intangible assets is considered by the directors to be at least that shown in the financial statements and further research and development is ongoing.


4	Debtors	2025		2024
£			£

	Trade debtors	33,058		38,972
	Other debtors	11,635		1,500
		44,693		40,472


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	-		1,974
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	122,052		97,003
	Taxation and social security costs	2,220		1,782
	Other creditors	7,754		4,126
		132,026		104,885


6	Controlling party

	The company is wholly controlled by the directors.


7	Other information

	Varley Software Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Unit 3 Trentside Business Village
	Farndon Road
	Newark
	Nottinghamshire
	NG24 4XB