C Software Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03736174 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

C Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Ballantyne

R Wood

R Dorehill

REGISTERED OFFICE:

16 Miller Court

Severn Drive

Tewkesbury

Gloucestershire

GL20 8DN

REGISTERED NUMBER:

03736174 (England and Wales)

ACCOUNTANTS:

Louise Newman & Co Ltd

2 Bath Mews

Bath Parade

Cheltenham

Gloucestershire

GL53 7HL

FIXED ASSETS

Intangible assets

4

-

4,839

Tangible assets

5

805,628

807,103

805,628

811,942

CURRENT ASSETS

Debtors

6

136,643

280,077

Prepayments and accrued income

31,039

30,062

Cash at bank

3,883,102

1,708,951

4,050,784

2,019,090

CREDITORS

Amounts falling due within one year

7

921,312

387,702

NET CURRENT ASSETS

3,129,472

1,631,388

TOTAL ASSETS LESS CURRENT LIABILITIES

3,935,100

2,443,330

CREDITORS

Amounts falling due after more than one year

8

368,446

400,656

NET ASSETS

3,566,654

2,042,674

CAPITAL AND RESERVES

Called up share capital

211

211

Share premium

37,489

37,489

Retained earnings

3,528,954

2,004,974

SHAREHOLDERS' FUNDS

3,566,654

2,042,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 23 October 2020 and were signed on its behalf by:

A Ballantyne - Director

1.	STATUTORY INFORMATION

C Software 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on reducing balance

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 32 (2019 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2019

4,839

Disposals

(4,839

)

At 31 May 2020

-

NET BOOK VALUE

At 31 May 2020

-

At 31 May 2019

4,839

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2019

758,106

320,590

1,078,696

Additions

-

40,200

40,200

At 31 May 2020

758,106

360,790

1,118,896

DEPRECIATION

At 1 June 2019

-

271,593

271,593

Charge for year

-

41,675

41,675

At 31 May 2020

-

313,268

313,268

NET BOOK VALUE

At 31 May 2020

758,106

47,522

805,628

At 31 May 2019

758,106

48,997

807,103

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

133,853

277,287

Other debtors

2,790

2,790

136,643

280,077

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans and overdrafts

11,166

8,066

Trade creditors

70,673

41,574

Taxation and social security

832,596

317,705

Other creditors

6,877

20,357

921,312

387,702

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans

368,446

400,656

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

368,446

400,656

9.	ULTIMATE CONTROLLING PARTY

The controlling parties are A Ballantyne, who is both a Director of the Company and Miss Dyer his partner,

together they control 84% of the Share Capital.