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Registered Number: 05057684
England and Wales

 

 

 

COMPUTER TECH-EXPERTS LIMITED


Micro Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 01 April 2023
Report to the directors on the preparation of the unaudited statutory accounts of COMPUTER TECH-EXPERTS LIMITED for the year ended 01 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of COMPUTER TECH-EXPERTS LIMITED for the year ended 01 April 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of COMPUTER TECH-EXPERTS LIMITED, as a body, in accordance with the terms of our engagement letter dated 19 January 2024 Our work has been undertaken solely to prepare for your approval the accounts of COMPUTER TECH-EXPERTS LIMITED and state those matters that we have agreed to state to the Board of Directors of COMPUTER TECH-EXPERTS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than COMPUTER TECH-EXPERTS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that COMPUTER TECH-EXPERTS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of COMPUTER TECH-EXPERTS LIMITED. You consider that COMPUTER TECH-EXPERTS LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of COMPUTER TECH-EXPERTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
01 April 2023



....................................................
SAW Accounting & Tax Advisory Limited
Unit SS,Avon House ,435 Stratford Road ,Shirley ,Solihull
B90 4AA
19 January 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 71,275    81,155 
71,275    81,155 
Current assets      
Debtors: amounts falling due within one year 225,579    217,544 
Debtors: amounts falling due after one year (45,500)  
Cash at bank and in hand 11,527    9,238 
191,606    226,782 
Creditors: amount falling due within one year (58,020)   (120,449)
Net current assets 133,586    106,333 
 
Total assets less current liabilities 204,861    187,488 
Accruals and deferred income (30,210)  
Net assets 174,651    187,488 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 174,649    187,486 
Shareholder's funds 174,651    187,488 
 


For the year ended 01 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 January 2024 and were signed by:


-------------------------------
Mr Faisal Hussain
Director
2
General Information
COMPUTER TECH-EXPERTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05057684, registration address Unit SS,Avon House, 435 Stratford Road, Shirley, Solihull, B90 4AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 10 Straight Line
Plant and Machinery 33% Straight Line
Motor Vehicles 33% Reducing Balance
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £
At 01 April 2022 14,380      28,401    58,190    100,971 
Additions   11,248    3,981      15,229 
Disposals        
At 01 April 2023 14,380    11,248    32,382    58,190    116,200 
Depreciation
At 01 April 2022 10,420    2,109    9,077    9,458    31,064 
Charge for year 792    2,285    10,784      13,861 
On disposals        
At 01 April 2023 11,212    4,394    19,861    9,458    44,925 
Net book values
Closing balance as at 01 April 2023 3,168    6,854    12,521    48,732    71,275 
Opening balance as at 01 April 2022 3,960    9,139    9,866    58,190    81,155 

The net book value of Land and Buildings includes £ 48,732 (2022 £48,732) in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Authorised
2 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
2 Ordinary shares of £1.00 each  
 

3