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REGISTERED NUMBER: 02420578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

COMPUTING INFORMATION SYSTEMS LIMITED

COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPUTING INFORMATION SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr N D Lawson-Smith
Mrs J Lawson-Smith
Mr P Lawson-Smith
Mr M Grantham
Mr A E A Baker
Mr D J Hadland





SECRETARY: Mrs E V Lawson Smith





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





REGISTERED NUMBER: 02420578 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,772 56,951
Tangible assets 5 163,923 242,603
208,695 299,554

CURRENT ASSETS
Stocks 2,462 4,770
Debtors 6 504,096 361,020
Cash at bank 771,383 576,877
1,277,941 942,667
CREDITORS
Amounts falling due within one year 7 678,200 653,640
NET CURRENT ASSETS 599,741 289,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,436

588,581

PROVISIONS FOR LIABILITIES 9 36,079 42,760
NET ASSETS 772,357 545,821

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 9,980 9,980
Capital redemption reserve 20 20
Retained earnings 762,232 535,696
SHAREHOLDERS' FUNDS 772,357 545,821

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mr N D Lawson-Smith - Director


COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)

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

1. STATUTORY INFORMATION

Computing Information 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 represents net invoices for the supply of goods and services carried out in the accounting period, excluding value added tax.

Where income is received in advance in respect of support contracts it is deferred and released in the accounting period to which it relates.

Goodwill
Goodwill, being the amount paid for three businesses, one in 2014, one in 2016 and one in 2019 is being amortised evenly over the respective estimated useful lives for 2.5 years and 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
IT & data centre - 25% 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 279,082
AMORTISATION
At 1 October 2022 222,131
Amortisation for year 12,179
At 30 September 2023 234,310
NET BOOK VALUE
At 30 September 2023 44,772
At 30 September 2022 56,951

5. TANGIBLE FIXED ASSETS
Office Motor IT & data
equipment vehicles centre Totals
£    £    £    £   
COST
At 1 October 2022 84,475 196,960 623,918 905,353
Additions 12,862 - 768 13,630
Disposals (1,094 ) (83,780 ) (476,688 ) (561,562 )
At 30 September 2023 96,243 113,180 147,998 357,421
DEPRECIATION
At 1 October 2022 50,331 90,667 521,752 662,750
Charge for year 10,324 25,175 21,802 57,301
Eliminated on disposal (627 ) (76,091 ) (449,835 ) (526,553 )
At 30 September 2023 60,028 39,751 93,719 193,498
NET BOOK VALUE
At 30 September 2023 36,215 73,429 54,279 163,923
At 30 September 2022 34,144 106,293 102,166 242,603

COMPUTING INFORMATION SYSTEMS LIMITED (REGISTERED NUMBER: 02420578)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 500,326 357,550
Prepayments 3,770 3,470
504,096 361,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 276,948 178,179
Tax 114,802 41,087
Social security and other taxes 59,492 60,666
VAT 132,629 122,970
Proposed dividends - 238,027
Pension 7,978 7,712
Directors' current accounts 81,351 -
Accrued expenses 5,000 4,999
678,200 653,640

8. SECURED DEBTS

There is a fixed and floating charge over the assets of the company dated 10 June 2016 in favour of Svenska Handelsbanken AB (Publ).

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax
Accelerated capital allowances 36,079 42,760

Deferred
tax
£   
Balance at 1 October 2022 42,760
Utilised during year (6,681 )
Balance at 30 September 2023 36,079

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.