REGISTERED NUMBER: 03613187 (England and Wales)

Pringle Computer Systems Limited

Unaudited Financial Statements

For The Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J D Pringle

J A W Pringle

A J D Pringle

SECRETARY:

Mrs J A Pringle

REGISTERED OFFICE:

Skywalker House

Darnall Road

Sheffield

South Yorkshire

S9 5AB

REGISTERED NUMBER:

03613187 (England and Wales)

ACCOUNTANTS:

Nuvo Accountancy Limited

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Intangible assets

4

61,029

66,577

Tangible assets

5

5,101

6,437

66,130

73,014

CURRENT ASSETS

Stocks

14,500

14,000

Debtors

6

81,706

70,562

Cash at bank

104

102

96,310

84,664

CREDITORS

Amounts falling due within one year

7

136,877

127,789

NET CURRENT LIABILITIES

(40,567

)

(43,125

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,563

29,889

CREDITORS

Amounts falling due after more than one year

8

24,018

29,310

NET ASSETS

1,545

579

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,445

479

SHAREHOLDERS' FUNDS

1,545

579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

A J D Pringle - Director

1.	STATUTORY INFORMATION

Pringle Computer Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced sales of goods and the value of services carried out during the period excluding value added tax.

The total turnover of the company for the period has been derived from its principal activities wholly undertaken in the UK.

Intangible fixed assets

Research and development expenditure of a revenue nature is written off in the accounting period in which it is incurred. Other expenditure relating to specific projects is capitalised and carried forward and will be amortised over its expected useful life.

The costs capitalised to date relate to the development of a new software product. Development costs are being amortised evenly over their estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to tenanted property

-

Straight line over 15 years

Fixtures & equipment

-

15% straight line

Motor vehicles

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

110,962

AMORTISATION

At 1 March 2024

44,385

Charge for year

5,548

At 28 February 2025

49,933

NET BOOK VALUE

At 28 February 2025

61,029

At 29 February 2024

66,577

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

37,642

DEPRECIATION

At 1 March 2024

31,205

Charge for year

1,336

At 28 February 2025

32,541

NET BOOK VALUE

At 28 February 2025

5,101

At 29 February 2024

6,437

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

71,025

53,289

Amounts recoverable on contract

1,500

8,000

Other debtors

9,181

9,273

81,706

70,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,302

26,700

Trade creditors

1,479

2,436

Taxation and social security

32,211

21,206

Other creditors

75,885

77,447

136,877

127,789

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,018

29,310

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,488

7,335

9.	RELATED PARTY DISCLOSURES

The directors and their spouses jointly own the property, fixtures and equipment from which the company operates.

The rent and equipment lease payable by the company to the directors and their spouses during the year ended 28 February 2025 amounted to £7,200 (2024 - £6,600).