Registered number
03403937
ABC Computing Limited
Unaudited Filleted Accounts
31 July 2017
ABC Computing Limited
Registered number: 03403937
Balance Sheet
as at 31 July 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1,356 1,239
Current assets
Debtors 3 8,822 6,992
Cash at bank and in hand 14,714 3,114
23,536 10,106
Creditors: amounts falling due within one year 4 (15,568) (12,904)
Net current assets/(liabilities) 7,968 (2,798)
Total assets less current liabilities 9,324 (1,559)
Provisions for liabilities (258) (248)
Net assets/(liabilities) 9,066 (1,807)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,966 (1,907)
Shareholders' funds 9,066 (1,807)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Lewis
Director
Approved by the board on 17 April 2018
ABC Computing Limited
Notes to the Accounts
for the year ended 31 July 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Plant and machinery 25% per annum of net book value
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2016 2,538
Additions 569
At 31 July 2017 3,107
Depreciation
At 1 August 2016 1,299
Charge for the year 452
At 31 July 2017 1,751
Net book value
At 31 July 2017 1,356
At 31 July 2016 1,239
3 Debtors 2017 2016
£ £
Trade debtors 7,674 5,844
Other debtors 1,148 1,148
8,822 6,992
4 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 21 879
Taxation and social security costs 13,350 5,987
Other creditors 2,197 6,038
15,568 12,904
5 Related party transactions
The directors have made interest free loans to the company. At the start of the year £3,269 was owed to the directors. At the end of the year £391 was owing by the directors. The £319 was repaid on 16 April 2018.
6 Controlling party
The company is controlled by the directors with no individual director having overall control.
7 Other information
ABC Computing Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Delwood
Old Highway
Colwyn Bay
Conwy
LL29 7SU
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