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REGISTERED NUMBER: 05529589 (England and Wales)



















COMPUTER REPAIR SHOP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023






COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


COMPUTER REPAIR SHOP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: C Klein





SECRETARY: Mrs H Klein





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 05529589 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,682 1,979

CURRENT ASSETS
Stocks 6 15,100 4,000
Debtors 7 69,744 50,207
Cash at bank 34,733 68,861
119,577 123,068
CREDITORS
Amounts falling due within one year 8 40,199 42,568
NET CURRENT ASSETS 79,378 80,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,060

82,479

CREDITORS
Amounts falling due after more than one
year

9

(26,259

)

(31,371

)

PROVISIONS FOR LIABILITIES 10 (320 ) (376 )
NET ASSETS 54,481 50,732

CAPITAL AND RESERVES
Called up share capital 3 2
Retained earnings 54,478 50,730
SHAREHOLDERS' FUNDS 54,481 50,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)

BALANCE SHEET - continued
30 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





C Klein - Director


COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Computer Repair Shop 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 31 December 2022
and 30 December 2023 8,685
DEPRECIATION
At 31 December 2022 6,706
Charge for year 297
At 30 December 2023 7,003
NET BOOK VALUE
At 30 December 2023 1,682
At 30 December 2022 1,979

6. STOCKS
2023 2022
£    £   
Stocks 15,100 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,244 26,207
Other debtors 38,500 24,000
69,744 50,207

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,746 4,889
Trade creditors 47 14,236
Taxation and social security 2,044 6,391
Other creditors 18,362 17,052
40,199 42,568

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,259 31,371

COMPUTER REPAIR SHOP LTD (REGISTERED NUMBER: 05529589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

6,259

11,815

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 320 376

Deferred
tax
£   
Balance at 31 December 2022 376
Credit to Profit and Loss Account during year (56 )
Balance at 30 December 2023 320

The provision for deferred taxation is in respect of accelerated capital allowances.