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Company No: 07733799 (England and Wales)

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

BALANCE SHEET

As at 31 August 2023
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 16,795 22,053
16,795 22,053
Current assets
Debtors
- due within one year 5 11,545 10,817
- due after more than one year 5 0 15,273
Cash at bank and in hand 52,176 45,158
63,721 71,248
Creditors: amounts falling due within one year 6 ( 40,549) ( 39,055)
Net current assets 23,172 32,193
Total assets less current liabilities 39,967 54,246
Creditors: amounts falling due after more than one year 7 ( 10,706) ( 16,038)
Provision for liabilities ( 3,191) ( 4,190)
Net assets 26,070 34,018
Capital and reserves
Called-up share capital 100 100
Profit and loss account 25,970 33,918
Total shareholders' funds 26,070 34,018

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

Directors' responsibilities:

The financial statements of Complete Computer Solutions (South) Limited (registered number: 07733799) were approved and authorised for issue by the Board of Directors on 05 February 2024. They were signed on its behalf by:

C Smith
Director
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Complete Computer Solutions (South) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 348 Charminster Road , Bournemouth, Dorset, England, BH8 9RX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 - 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2022 21,000 21,000
At 31 August 2023 21,000 21,000
Accumulated amortisation
At 01 September 2022 21,000 21,000
At 31 August 2023 21,000 21,000
Net book value
At 31 August 2023 0 0
At 31 August 2022 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 September 2022 28,619 36,690 7,958 14,460 87,727
At 31 August 2023 28,619 36,690 7,958 14,460 87,727
Accumulated depreciation
At 01 September 2022 20,991 23,854 7,486 13,343 65,674
Charge for the financial year 1,652 3,209 118 279 5,258
At 31 August 2023 22,643 27,063 7,604 13,622 70,932
Net book value
At 31 August 2023 5,976 9,627 354 838 16,795
At 31 August 2022 7,628 12,836 472 1,117 22,053

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 11,367 10,616
Other debtors 178 201
11,545 10,817
Debtors: amounts falling due after more than one year
Other debtors 0 15,273

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,000 4,379
Taxation and social security 28,428 30,718
Other creditors 7,121 3,958
40,549 39,055

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 10,706 16,038

There are no amounts included above in respect of which any security has been given by the small entity.