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REGISTERED NUMBER: 04764765 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

K. C. COMPUTERS LIMITED

K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


K. C. COMPUTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr K P Callow





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04764765 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 88 118
88 118

CURRENT ASSETS
Stocks 6 13,459 15,618
Debtors 7 18,241 21,572
Cash at bank and in hand 638 236
32,338 37,426
CREDITORS
Amounts falling due within one year 8 55,797 70,963
NET CURRENT LIABILITIES (23,459 ) (33,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,371

)

(33,419

)

CREDITORS
Amounts falling due after more than one year 9 27,642 30,869
NET LIABILITIES (51,013 ) (64,288 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (51,113 ) (64,388 )
SHAREHOLDERS' FUNDS (51,013 ) (64,288 )

K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr K P Callow - Director


K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 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 Statement of Income and Retained Earnings, 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 financial position date.

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.

GOING CONCERN
The company meets its day-to-day working capital requirements through the support of the director and other related parties. The director believes it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence with the support of the director and other related parties.

K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 15,000
Amortisation
At 1 August 2022
and 31 July 2023 15,000
Net book value
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 August 2022
and 31 July 2023 12,831
Depreciation
At 1 August 2022 12,713
Charge for year 30
At 31 July 2023 12,743
Net book value
At 31 July 2023 88
At 31 July 2022 118

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 13,459 15,618

K. C. COMPUTERS LIMITED (REGISTERED NUMBER: 04764765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,470 6,110
Other debtors 14,771 15,462
18,241 21,572

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (see note 10) 9,624 9,624
Trade creditors 12,248 19,851
Taxation and social security 20,278 21,910
Other creditors 13,647 19,578
55,797 70,963

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 10) 27,642 30,869

10. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,624 9,624

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,624 9,624

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,018 21,245

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100