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REGISTERED NUMBER: 02505829 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Management Computer Systems Limited

Management Computer Systems Limited (Registered number: 02505829)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Management Computer Systems Limited

Company Information
For The Year Ended 31 May 2023







DIRECTOR: D C Pitman





SECRETARY: Mrs T C Pitman





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 02505829 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Management Computer Systems Limited (Registered number: 02505829)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 888

CURRENT ASSETS
Debtors 5 389 -
Cash at bank 16,926 26,064
17,315 26,064
CREDITORS
Amounts falling due within one year 6 11,501 16,592
NET CURRENT ASSETS 5,814 9,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,814

10,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,714 10,260
SHAREHOLDERS' FUNDS 5,814 10,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 28 October 2023 and were signed by:



D C Pitman - Director


Management Computer Systems Limited (Registered number: 02505829)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Management Computer Systems Limited 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Office equipment- 15% on cost
Fixtures and fittings-10% on cost
Computer equipment- 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Management Computer Systems Limited (Registered number: 02505829)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs
The company makes contributions to the director's personal pension scheme. Payments are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 4,774 6,187 8,919 19,880
Disposals (4,774 ) (6,187 ) (8,919 ) (19,880 )
At 31 May 2023 - - - -
DEPRECIATION
At 1 June 2022 4,474 6,187 8,331 18,992
Eliminated on disposal (4,474 ) (6,187 ) (8,331 ) (18,992 )
At 31 May 2023 - - - -
NET BOOK VALUE
At 31 May 2023 - - - -
At 31 May 2022 300 - 588 888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 389 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Social security and other taxes 20 2,311
VAT 1,811 2,474
HSBC Credit Card - 10
Director's current account 7,851 313
Accruals and deferred income 1,819 11,484
11,501 16,592