CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED - Company Information

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CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Company Registration Number:
02502866 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 227,819 456,070
Tangible assets: 3 33,183 44,755
Investments: 4 935 935
Total fixed assets: 261,937 501,760
Current assets
Debtors:   2,537,503 2,237,752
Cash at bank and in hand: 609,072 428,042
Total current assets: 3,146,575 2,665,794
Creditors: amounts falling due within one year: 5 (1,595,557) (1,528,866)
Net current assets (liabilities): 1,551,018 1,136,928
Total assets less current liabilities: 1,812,955 1,638,688
Creditors: amounts falling due after more than one year: 6   (34,736)
Provision for liabilities: (1,717) (2,907)
Total net assets (liabilities): 1,811,238 1,601,045
Capital and reserves
Called up share capital: 178,820 174,262
Share premium account: 1,091,010 1,025,568
Other reserves: 10,170 10,170
Profit and loss account: 531,238 391,045
Shareholders funds: 1,811,238 1,601,045

The notes form part of these financial statements

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2019
and signed on behalf of the board by:

Name: Rye Austin
Status: Director

The notes form part of these financial statements

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Intangible Assets

Total
Cost £
At 01 January 2018 1,225,821
At 31 December 2018 1,225,821
Amortisation
At 01 January 2018 769,751
Charge for year 228,251
At 31 December 2018 998,002
Net book value
At 31 December 2018 227,819
At 31 December 2017 456,070

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 351,971
Additions 35,004
Disposals (135,440)
At 31 December 2018 251,535
Depreciation
At 01 January 2018 307,216
Charge for year 46,576
On disposals (135,440)
At 31 December 2018 218,352
Net book value
At 31 December 2018 33,183
At 31 December 2017 44,755

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Fixed investments

Investment in subsidiary undertakingsCostAt 1 January 2018 £935Additions 0At 31 December 2018 £935

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Creditors: amounts falling due within one year note

2018 2017 £ £Bank Loans & overdrafts 34,736 33,314Trade creditors 213,185 279,404Amounts owed to group undertakings 109,452 50,766Taxation & Social Security Costs 451,487 358,267Other creditors 49,828 49,828Accruals & Deferred Income 736,869 757,287TOTAL 1,595,557 1,528,866

CORE TECHNOLOGY SYSTEMS (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

6. Creditors: amounts falling due after more than one year note

Bank Loans 2018 Nil 2017 £34,736