Computade Limited |
Notes to the Accounts |
for the year ended 31 October 2023 |
|
|
1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 November 2022 |
72,180 |
|
At 31 October 2023 |
72,180 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 October 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2023 |
72,180 |
|
At 31 October 2022 |
72,180 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Other taxes and social security costs |
42 |
|
6 |
|
Other creditors |
63,713 |
|
63,957 |
|
|
|
|
|
|
63,755 |
|
63,963 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
Computade Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Oakroyd |
|
Arnham Way |
|
Woodhall Spa |
|
Lincolnshire |
|
LN10 6TJ |