Registered number
02206590
COMPUTING (UK) LIMITED
Filleted Accounts
29 February 2024
SAUNDERS & RICHARD LTD
Chartered Certified Accountants
187 WOODHOUSE ROAD
NORTH FINCHLEY
LONDON
N12 9AY
5947-35
COMPUTING (UK) LIMITED
Registered number: 02206590
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,692 21,826
Current assets
Debtors 4 340 19,039
Cash at bank and in hand 12,025 5,572
12,365 24,611
Creditors: amounts falling due within one year 5 (26,629) (32,619)
Net current liabilities (14,264) (8,008)
Total assets less current liabilities 7,428 13,818
Creditors: amounts falling due after more than one year 6 - (8,447)
Net assets 7,428 5,371
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,328 5,271
Shareholders' funds 7,428 5,371
The director is 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 director acknowledges his 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 J M Cross
Director
Approved by the board on 22 March 2024
COMPUTING (UK) LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% p.a on written down value
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Improvement Equipment, Fixtures & Fittings Total
£ £ £
Cost
At 1 March 2023 21,290 51,740 73,030
At 29 February 2024 21,290 51,740 73,030
Depreciation
At 1 March 2023 - 51,204 51,204
Charge for the year - 134 134
At 29 February 2024 - 51,338 51,338
Net book value
At 29 February 2024 21,290 402 21,692
At 28 February 2023 21,290 536 21,826
4 Debtors 2024 2023
£ £
Trade debtors 340 6,632
Other debtors - 12,407
340 19,039
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors Loan 16,039 15,942
Trade creditors 5,183 5,176
Taxation and social security costs 3,651 9,252
Other creditors 1,756 2,249
26,629 32,619
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 8,447
7 Other information
COMPUTING (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 LONDON STILE
LONDON
W4 3AU
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