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Registration number: 03019046

Hands-On Computers Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Hands-On Computers Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Hands-On Computers Limited

Company Information

Directors

Mr M Briggs

Mrs L Briggs

Registered office

104 High Street
Carshalton
Surrey
SM5 3AE

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Hands-On Computers Limited

(Registration number: 03019046)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

153,000

-

Tangible assets

5

333,696

349,995

 

486,696

349,995

Current assets

 

Stocks

6

2,000

2,000

Debtors

7

40,185

37,128

Cash at bank and in hand

 

125,700

154,093

 

167,885

193,221

Creditors: Amounts falling due within one year

8

(175,191)

(144,049)

Net current (liabilities)/assets

 

(7,306)

49,172

Total assets less current liabilities

 

479,390

399,167

Creditors: Amounts falling due after more than one year

8

(356,325)

(225,978)

Provisions for liabilities

(245)

(293)

Net assets

 

122,820

172,896

Capital and reserves

 

Called up share capital

100

100

Retained earnings

122,720

172,796

Shareholders' funds

 

122,820

172,896

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 January 2024 and signed on its behalf by:
 

 

Hands-On Computers Limited

(Registration number: 03019046)
Balance Sheet as at 31 May 2023

.........................................
Mr M Briggs
Director

 

Hands-On Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
104 High Street
Carshalton
Surrey
SM5 3AE

These financial statements were authorised for issue by the Board on 31 January 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

over 5 years

Freehold Property

over 50 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 9).

 

Hands-On Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

180,000

180,000

At 31 May 2023

180,000

180,000

Amortisation

Amortisation charge

27,000

27,000

At 31 May 2023

27,000

27,000

Carrying amount

At 31 May 2023

153,000

153,000

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2022

465,844

53,168

519,012

At 31 May 2023

465,844

53,168

519,012

Depreciation

At 1 June 2022

117,394

51,623

169,017

Charge for the year

16,042

257

16,299

At 31 May 2023

133,436

51,880

185,316

Carrying amount

At 31 May 2023

332,408

1,288

333,696

At 31 May 2022

348,450

1,545

349,995

6

Stocks

2023
£

2022
£

Other inventories

2,000

2,000

7

Debtors

 

Hands-On Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Current

2023
£

2022
£

Trade debtors

40,105

37,128

Prepayments

80

-

 

40,185

37,128

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

14,204

11,041

Taxation and social security

42,367

44,838

Other creditors

118,620

88,170

175,191

144,049

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

356,325

225,978

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

356,325

225,978