Cybersoft Limited - Accounts to registrar (filleted) - small 23.2.5

Cybersoft Limited - Accounts to registrar (filleted) - small 23.2.5

CYBERSOFT LIMITED - Company Information

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REGISTERED NUMBER: 02992820 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2022

for

CYBERSOFT LIMITED
CYBERSOFT LIMITED (REGISTERED NUMBER: 02992820)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


CYBERSOFT LIMITED

Company Information
for the year ended 31 December 2022







Directors: N Nicholaou
M D Kaye





Secretary: N Nicholaou





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 02992820 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cybersoft Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cybersoft Limited for the year ended 31 December 2022 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cybersoft Limited, as a body, in accordance with the terms of our engagement letter dated 2 April 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Cybersoft Limited and state those matters that we have agreed to state to the Board of Directors of Cybersoft Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cybersoft Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cybersoft Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cybersoft Limited. You consider that Cybersoft Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cybersoft Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


7 September 2023

This page does not form part of the statutory financial statements

Page 2
CYBERSOFT LIMITED (REGISTERED NUMBER: 02992820)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Tangible assets 4 81 108

Current assets
Stocks 1,000 1,000
Cash at bank 37,749 28,445
38,749 29,445
Creditors
Amounts falling due within one year 5 12,552 4,459
Net current assets 26,197 24,986
Total assets less current liabilities 26,278 25,094

Capital and reserves
Called up share capital 100 100
Retained earnings 26,178 24,994
Shareholders' funds 26,278 25,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by:




N Nicholaou - Director


The notes form part of these financial statements

Page 3
CYBERSOFT LIMITED (REGISTERED NUMBER: 02992820)

Notes to the Financial Statements
for the year ended 31 December 2022


1. Statutory information

Cybersoft 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Page 4
CYBERSOFT LIMITED (REGISTERED NUMBER: 02992820)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 January 2022
and 31 December 2022 2,255 539 2,794
Depreciation
At 1 January 2022 2,148 538 2,686
Charge for year 27 - 27
At 31 December 2022 2,175 538 2,713
Net book value
At 31 December 2022 80 1 81
At 31 December 2021 107 1 108

5. Creditors: amounts falling due within one year
2022 2021
£    £   
Taxation and social security 3,915 2,100
Other creditors 8,637 2,359
12,552 4,459

Page 5