Business Computer Solutions Ltd 03211482 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is computer hardware support and the company continued to trade under the name Business Computer Solutions Digita Accounts Production Advanced 6.30.9574.0 true 03211482 2023-07-01 2024-06-30 03211482 2024-06-30 03211482 bus:OrdinaryShareClass1 2024-06-30 03211482 bus:OrdinaryShareClass2 2024-06-30 03211482 bus:OrdinaryShareClass3 2024-06-30 03211482 bus:OrdinaryShareClass4 2024-06-30 03211482 core:RetainedEarningsAccumulatedLosses 2024-06-30 03211482 core:ShareCapital 2024-06-30 03211482 core:CurrentFinancialInstruments 2024-06-30 03211482 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03211482 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 03211482 core:FurnitureFittings 2024-06-30 03211482 core:MotorVehicles 2024-06-30 03211482 core:OfficeEquipment 2024-06-30 03211482 core:PlantMachinery 2024-06-30 03211482 core:ParentEntities 2024-06-30 03211482 bus:SmallEntities 2023-07-01 2024-06-30 03211482 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03211482 bus:FullAccounts 2023-07-01 2024-06-30 03211482 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03211482 bus:RegisteredOffice 2023-07-01 2024-06-30 03211482 bus:Director10 2023-07-01 2024-06-30 03211482 bus:Director12 2023-07-01 2024-06-30 03211482 bus:Director3 2023-07-01 2024-06-30 03211482 bus:Director4 2023-07-01 2024-06-30 03211482 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 03211482 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 03211482 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 03211482 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 03211482 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03211482 core:FurnitureFittings 2023-07-01 2024-06-30 03211482 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 03211482 core:MotorVehicles 2023-07-01 2024-06-30 03211482 core:OfficeEquipment 2023-07-01 2024-06-30 03211482 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 03211482 core:PlantMachinery 2023-07-01 2024-06-30 03211482 core:ParentEntities 2023-07-01 2024-06-30 03211482 core:ParentEntities core:Leases 2023-07-01 2024-06-30 03211482 countries:AllCountries 2023-07-01 2024-06-30 03211482 2023-06-30 03211482 core:FurnitureFittings 2023-06-30 03211482 core:MotorVehicles 2023-06-30 03211482 core:OfficeEquipment 2023-06-30 03211482 core:PlantMachinery 2023-06-30 03211482 core:ParentEntities 2023-06-30 03211482 2022-07-01 2023-06-30 03211482 2023-06-30 03211482 bus:OrdinaryShareClass1 2023-06-30 03211482 bus:OrdinaryShareClass2 2023-06-30 03211482 bus:OrdinaryShareClass3 2023-06-30 03211482 bus:OrdinaryShareClass4 2023-06-30 03211482 core:RetainedEarningsAccumulatedLosses 2023-06-30 03211482 core:ShareCapital 2023-06-30 03211482 core:CurrentFinancialInstruments 2023-06-30 03211482 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03211482 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 03211482 core:FurnitureFittings 2023-06-30 03211482 core:MotorVehicles 2023-06-30 03211482 core:OfficeEquipment 2023-06-30 03211482 core:PlantMachinery 2023-06-30 03211482 core:ParentEntities 2023-06-30 03211482 core:ParentEntities 2022-07-01 2023-06-30 03211482 core:ParentEntities core:Leases 2022-07-01 2023-06-30 03211482 core:ParentEntities core:TransfersUnderFinanceArrangements 2022-07-01 2023-06-30 03211482 2022-06-30 03211482 core:ParentEntities 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03211482

Business Computer Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

(filleted for filing purposes)

 

Business Computer Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Business Computer Solutions Ltd

Company Information

Directors

Mr D Towe

Mr M P Hynes

Mr Harry Ashton

Ms Carrie Louise Malone

Registered office

Unit 16, Leigh Road
Haine Industrial Estate
Ramsgate
Kent
CT12 5EU

 

Business Computer Solutions Ltd

(Registration number: 03211482)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

73,639

82,438

Current assets

 

Stocks

5

10,112

11,526

Debtors

6

580,310

607,549

Cash at bank and in hand

 

448,986

329,570

 

1,039,408

948,645

Creditors: Amounts falling due within one year

7

(441,080)

(407,070)

Net current assets

 

598,328

541,575

Total assets less current liabilities

 

671,967

624,013

Creditors: Amounts falling due after more than one year

7

(69,432)

(124,049)

Provisions for liabilities

(2,874)

(2,429)

Net assets

 

599,661

497,535

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

599,651

497,525

Shareholders' funds

 

599,661

497,535

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 September 2024 and signed on its behalf by:
 

 

Business Computer Solutions Ltd

(Registration number: 03211482)
Balance Sheet as at 30 June 2024

.........................................
Mr M P Hynes
Director

.........................................
Mr Harry Ashton
Director

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 16, Leigh Road
Haine Industrial Estate
Ramsgate
Kent
CT12 5EU
England

These financial statements were authorised for issue by the Board on 27 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Reducing balance at 15%

Motor vehicles

Reducing balance at 25%

Other property, plant and equipment

Reducing balance at 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 25).

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

11,851

78,348

253,475

94,794

438,468

Additions

2,358

-

10,407

-

12,765

Disposals

-

-

-

(26,355)

(26,355)

At 30 June 2024

14,209

78,348

263,882

68,439

424,878

Depreciation

At 1 July 2023

8,847

65,532

209,088

65,813

349,280

Charge for the year

1,041

1,922

13,710

5,781

22,454

Eliminated on disposal

-

-

-

(20,495)

(20,495)

At 30 June 2024

9,888

67,454

222,798

51,099

351,239

Carrying amount

At 30 June 2024

4,321

10,894

41,084

17,340

73,639

At 30 June 2023

3,003

12,816

37,638

28,981

82,438

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Stocks

2024
£

2023
£

Other inventories

10,112

11,526

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

307,349

321,762

Amounts owed by related parties

10

261,637

261,637

Prepayments

 

7,253

24,150

Other debtors

 

4,071

-

   

580,310

607,549

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

29,808

39,595

Trade creditors

 

44,552

32,524

Taxation and social security

 

84,539

87,179

Other creditors

 

282,181

247,772

 

441,080

407,070

Due after one year

 

Loans and borrowings

69,432

124,049

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

5

5

5

5

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 each

3

3

3

3

Ordinary C shares of £1 each

1

1

1

1

 

10

10

10

10

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £54,240 (2023 - £89,144).

10

Related party transactions

Summary of transactions with parent

Culture Wins Limited
 The company then rented its premises from the holding company during the year. It also paid dividends to it.
 

Expenditure with and payables to related parties

2024

Parent
£

Leases

60,000

2023

Parent
£

Leases

26,400

Transfers under finance arrangements (including loans and equity contributions)

72,000

98,400

Loans to related parties

2024

Parent
£

Total
£

At start of period

261,637

261,637

At end of period

261,637

261,637

 

Business Computer Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2023

Parent
£

Total
£

At start of period

260,496

260,496

Advanced

73,141

73,141

Repaid

(72,000)

(72,000)

At end of period

261,637

261,637