Computade Limited
Registered number: 02436927
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 72,180 72,180
Current assets
Cash at bank and in hand 2,295 2,295
Creditors: amounts falling due within one year 4 (63,755) (63,963)
Net current liabilities (61,460) (61,668)
Net assets 10,720 10,512
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,719 10,511
Shareholders' funds 10,720 10,512
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Galbraith
Director
Approved by the board on 30 July 2024
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
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