CPL Software Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC370241 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

CPL Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Welsh

W McIlmoyle

REGISTERED OFFICE:

Lower Ground

9 Woodside Crescent

Glasgow

G3 7UL

REGISTERED NUMBER:

SC370241 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

29,172

37,899

CURRENT ASSETS

Debtors

5

754,312

760,652

Cash at bank

286,683

612,183

1,040,995

1,372,835

CREDITORS

Amounts falling due within one year

6

109,489

121,292

NET CURRENT ASSETS

931,506

1,251,543

TOTAL ASSETS LESS CURRENT LIABILITIES

960,678

1,289,442

CREDITORS

Amounts falling due after more than one year

7

(13,960

)

(19,658

)

PROVISIONS FOR LIABILITIES

(7,748

)

-

NET ASSETS

938,970

1,269,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

938,870

1,269,684

SHAREHOLDERS' FUNDS

938,970

1,269,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 December 2023 and were signed on its behalf by:

B J Welsh - Director

1.	STATUTORY INFORMATION

CPL Software Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc

-

25% on reducing balance, 25% on cost and 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 14 (2022 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

85,957

Additions

2,468

At 31 March 2023

88,425

DEPRECIATION

At 1 April 2022

48,058

Charge for year

11,195

At 31 March 2023

59,253

NET BOOK VALUE

At 31 March 2023

29,172

At 31 March 2022

37,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

80,543

48,191

Amounts owed by group undertakings

515,699

515,699

Other debtors

158,070

196,762

754,312

760,652

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

5,698

5,698

Trade creditors

5,894

8,383

Taxation and social security

54,794

56,608

Other creditors

43,103

50,603

109,489

121,292

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

13,960

19,658