Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-04-01 03695577 2017-04-01 2018-03-31 03695577 2016-04-01 2017-03-31 03695577 2018-03-31 03695577 2017-03-31 03695577 c:Director1 2017-04-01 2018-03-31 03695577 d:OfficeEquipment 2017-04-01 2018-03-31 03695577 d:OfficeEquipment 2018-03-31 03695577 d:OfficeEquipment 2017-03-31 03695577 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 03695577 d:CurrentFinancialInstruments 2018-03-31 03695577 d:CurrentFinancialInstruments 2017-03-31 03695577 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 03695577 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 03695577 d:ShareCapital 2018-03-31 03695577 d:ShareCapital 2017-03-31 03695577 d:RetainedEarningsAccumulatedLosses 2018-03-31 03695577 d:RetainedEarningsAccumulatedLosses 2017-03-31 03695577 c:FRS102 2017-04-01 2018-03-31 03695577 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 03695577 c:FullAccounts 2017-04-01 2018-03-31 03695577 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 03695577









DOWNSVIEW COMPUTERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

 
DOWNSVIEW COMPUTERS LIMITED
REGISTERED NUMBER: 03695577

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
346
34

  
346
34

Current assets
  

Cash at bank and in hand
 5 
61,710
51,332

  
61,710
51,332

Creditors: amounts falling due within one year
 6 
(10,348)
(6,694)

Net current assets
  
 
 
51,362
 
 
44,638

Total assets less current liabilities
  
51,708
44,672

  

Net assets
  
51,708
44,672


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
51,608
44,572

  
51,708
44,672


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2018.




David George Willoughby
Page 1

 
DOWNSVIEW COMPUTERS LIMITED
REGISTERED NUMBER: 03695577
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2018

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DOWNSVIEW COMPUTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Downsview Computers Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DOWNSVIEW COMPUTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Page 4

 
DOWNSVIEW COMPUTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Page 5

 
DOWNSVIEW COMPUTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2017
2,553


Additions
429



At 31 March 2018

2,982



Depreciation


At 1 April 2017
2,520


Charge for the year on owned assets
116



At 31 March 2018

2,636



Net book value



At 31 March 2018
346



At 31 March 2017
34


5.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
61,710
51,331

61,710
51,331



6.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
7,066
3,725

Other taxation and social security
2,382
2,069

Accruals and deferred income
900
900

10,348
6,694


Page 6

 
DOWNSVIEW COMPUTERS LIMITED
 
 
 Page 7