Carai Software Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02860412 (England and Wales)

Carai Software Systems Limited

Unaudited Financial Statements for the Year Ended 5 April 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr C Edwards

Mrs M A Edwards

Registered office:

Rose Court

Moorside

Marnhull

Sturminster Newton

Dorset

DT10 1HJ

Registered number:

02860412 (England and Wales)

Accountants:

Haines Watts Wales LLP

7 Neptune Court

Vanguard Way

Cardiff

CF24 5PJ

Fixed assets

Tangible assets

4

2,164

1,549

Current assets

Debtors

5

2,280

1,547

Cash at bank

28,188

17,891

30,468

19,438

Creditors

Amounts falling due within one year

6

(14,249

)

(11,486

)

Net current assets

16,219

7,952

Total assets less current liabilities

18,383

9,501

Provisions for liabilities

(411

)

(294

)

Net assets

17,972

9,207

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

17,872

9,107

Shareholders' funds

17,972

9,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2019 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 on 7 October 2019 and were signed on its behalf by:

Mrs M A Edwards - Director

1.	Statutory information

Carai Software 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.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of computer software

and services to customers.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and

loss account in the period in which they become payable in accordance with the rules of the scheme.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 6 April 2018

4,860

Additions

1,653

At 5 April 2019

6,513

Depreciation

At 6 April 2018

3,311

Charge for year

1,038

At 5 April 2019

4,349

Net book value

At 5 April 2019

2,164

At 5 April 2018

1,549

5.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

2,280

1,547

6.

Creditors: amounts falling due within one year

2019

2018

£

£

Tax

6,630

5,271

VAT

4,242

3,522

Directors' current accounts

1,937

53

Accrued expenses

1,440

2,640

14,249

11,486

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

100

100

8.

Reserves

Retained

earnings

£

At 6 April 2018

9,107

Profit for the year

28,765

Dividends

(20,000

)

At 5 April 2019

17,872

9.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 April 2019 and

5 April 2018:

2019

2018

£

£

Mr C Edwards

Balance outstanding at start of year

(53

)

(53

)

Amounts advanced

(1,883

)

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,936

)

(53

)