Company Registration No. 4175656 (England and Wales)
Concurrent Systems Incorporated Limited
Unaudited accounts
for the year ended 31 March 2019
Concurrent Systems Incorporated Limited
Unaudited accounts
Contents
Concurrent Systems Incorporated Limited
Company Information
for the year ended 31 March 2019
Directors
SJ McBurnie
C Mann
PR Cook
J Nicklin
Company Number
4175656 (England and Wales)
Registered Office
The Pavillion
Newbury business Park
NEWBURY
Berks
Accountants
Witcombs
Turnfields Gate
THATCHAM
Berks
RG19 4PT
Concurrent Systems Incorporated Limited
Statement of financial position
as at 31 March 2019
Tangible assets
10,597
9,456
Cash at bank and in hand
388,442
604,792
Creditors: amounts falling due within one year
(347,013)
(352,278)
Net current assets
342,069
464,801
Net assets
352,666
474,257
Called up share capital
530
600
Capital redemption reserve
70
-
Profit and loss account
352,066
473,657
Shareholders' funds
352,666
474,257
For the year ending 31 March 2019 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 October 2019.
SJ McBurnie
Director
Company Registration No. 4175656
Concurrent Systems Incorporated Limited
Notes to the Accounts
for the year ended 31 March 2019
Concurrent Systems Incorporated Limited is a private company, limited by shares, registered in England and Wales, registration number 4175656. The registered office is The Pavillion, Newbury business Park, NEWBURY, Berks.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
Trade debtors
294,175
183,787
Accrued income and prepayments
6,465
13,500
Concurrent Systems Incorporated Limited
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
42,837
42,683
Taxes and social security
25,926
56,675
Allotted, called up and fully paid:
457 Ordinary shares of £1 each
457
600
73 Treasury shares of £1 each
73
-
Shares issued during the period:
73 Treasury shares of £1 each
73
8
Transactions with related parties
During the year, the company purchased 143 of its own shares from a director. 70 of those shares have been cancelled and the remaining 73 shares are retained as Treasury shares
9
Average number of employees
During the year the average number of employees was 14 (2018: 14).
