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REGISTERED NUMBER: 05330459 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Computer & Technology Solutions Limited

Computer & Technology Solutions Limited (Registered number: 05330459)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Computer & Technology Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M E Lund
Mrs M Lund





SECRETARY: Mrs M Lund





REGISTERED OFFICE: 3 The Courtyard Buildings
Thorpe Lane
Guiseley
Leeds
West Yorkshire
LS20 8LG





REGISTERED NUMBER: 05330459 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Computer & Technology Solutions Limited (Registered number: 05330459)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,331 26,108

CURRENT ASSETS
Debtors 5 370,423 490,801
Cash at bank and in hand 1,161,824 1,065,339
1,532,247 1,556,140
CREDITORS
Amounts falling due within one year 6 (524,694 ) (542,667 )
NET CURRENT ASSETS 1,007,553 1,013,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,027,884

1,039,581

PROVISIONS FOR LIABILITIES (3,863 ) (4,960 )
NET ASSETS 1,024,021 1,034,621

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 1,024,020 1,034,620
SHAREHOLDERS' FUNDS 1,024,021 1,034,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:



Mr M E Lund - Director


Computer & Technology Solutions Limited (Registered number: 05330459)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Computer & Technology Solutions 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 35,029 61,250 96,279
Additions - 1,456 1,456
At 31 March 2024 35,029 62,706 97,735
DEPRECIATION
At 1 April 2023 29,571 40,600 70,171
Charge for year 1,091 6,142 7,233
At 31 March 2024 30,662 46,742 77,404
NET BOOK VALUE
At 31 March 2024 4,367 15,964 20,331
At 31 March 2023 5,458 20,650 26,108

Computer & Technology Solutions Limited (Registered number: 05330459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 364,763 485,674
Prepayments 5,660 5,127
370,423 490,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 313,777 393,767
Corporation tax 61,267 23,961
Social security and other tax 49,650 14,649
Other creditors 94,921 106,707
Directors' current account 8 250
Accrued expenses 5,071 3,333
524,694 542,667

7. RESERVES
Retained
earnings
£   

At 1 April 2023 1,034,620
Profit for the year 179,400
Dividends (190,000 )
At 31 March 2024 1,024,020

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends totalling £190,000 (2023 £192,000) to the directors'. The company owed the directors' £8 at 31st March 2024 (£250 at 31st March 2023).