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REGISTERED NUMBER: 02560719 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD

COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD (REGISTERED NUMBER: 02560719)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Mr R G Bradley





REGISTERED OFFICE: Solar House
282 Chase Road
Southgate
London
N14 6NZ





REGISTERED NUMBER: 02560719 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD (REGISTERED NUMBER: 02560719)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,012 6,663

CURRENT ASSETS
Debtors 5 20,723 15,415
Cash at bank 611,257 570,986
631,980 586,401
CREDITORS
Amounts falling due within one year 6 285,738 251,371
NET CURRENT ASSETS 346,242 335,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,254

341,693

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 351,154 341,593
SHAREHOLDERS' FUNDS 351,254 341,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2022 and were signed by:



Mr R G Bradley - Director


COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD (REGISTERED NUMBER: 02560719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Computer Aided Business Systems and Services Ltd 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD (REGISTERED NUMBER: 02560719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Furniture
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 60,374 24,270 84,644
DEPRECIATION
At 1 January 2021 60,110 17,871 77,981
Charge for year 52 1,599 1,651
At 31 December 2021 60,162 19,470 79,632
NET BOOK VALUE
At 31 December 2021 212 4,800 5,012
At 31 December 2020 264 6,399 6,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 20,723 15,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Tax 11,620 11,408
Social security and other taxes 304 -
VAT 1,135 2,845
Directors' loan accounts 272,679 236,618
Accruals and deferred income - 500
285,738 251,371

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary 1 100 100

COMPUTER AIDED BUSINESS SYSTEMS AND
SERVICES LTD (REGISTERED NUMBER: 02560719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


8. RESERVES
Retained
earnings
£   

At 1 January 2021 341,593
Profit for the year 49,561
Dividends (40,000 )
At 31 December 2021 351,154