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REGISTERED NUMBER: 03409253 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

COMPUTER SOLUTIONS CYMRU LIMITED

COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPUTER SOLUTIONS CYMRU LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs N Lloyd-Williams





SECRETARY: Mrs N Lloyd-Williams





REGISTERED OFFICE: 18 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB





REGISTERED NUMBER: 03409253 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,472 93,537

CURRENT ASSETS
Stocks and work in progress 354,600 329,900
Debtors 5 179,082 148,569
Cash at bank and in hand 812 311
534,494 478,780
CREDITORS
Amounts falling due within one year 6 261,026 249,017
NET CURRENT ASSETS 273,468 229,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,940

323,300

CREDITORS
Amounts falling due after more than
one year

7

(26,468

)

(41,048

)

PROVISIONS FOR LIABILITIES (16,251 ) (16,250 )
NET ASSETS 347,221 266,002

COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Balance Sheet - continued
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 347,220 266,001
347,221 266,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 July 2024 and were signed by:





Mrs N Lloyd-Williams - Director


COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

COMPUTER SOLUTIONS CYMRU 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 15% on reducing balance
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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 balance sheet date.


COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2022 38,388 82,800 65,233
Additions 43,363 - -
At 31 October 2023 81,751 82,800 65,233
DEPRECIATION
At 1 November 2022 19,764 82,800 19,906
Charge for year 9,299 - 4,533
At 31 October 2023 29,063 82,800 24,439
NET BOOK VALUE
At 31 October 2023 52,688 - 40,794
At 31 October 2022 18,624 - 45,327

COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 35,550 147,943 369,914
Additions - - 43,363
At 31 October 2023 35,550 147,943 413,277
DEPRECIATION
At 1 November 2022 19,512 134,395 276,377
Charge for year 3,208 3,388 20,428
At 31 October 2023 22,720 137,783 296,805
NET BOOK VALUE
At 31 October 2023 12,830 10,160 116,472
At 31 October 2022 16,038 13,548 93,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 130,146 118,377
Other debtors 48,936 30,192
179,082 148,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 24,418 53,042
Hire purchase contracts - 3,859
Trade creditors 87,478 68,794
Taxation and social security 82,537 62,876
Other creditors 66,593 60,446
261,026 249,017

COMPUTER SOLUTIONS CYMRU LIMITED (Registered number: 03409253)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans 26,468 41,048

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £43,943 (2022: £25,200) owed to the company by a related party. Included in management charges are amounts charged by related party amounting to £NIL (2022: £20,364).