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REGISTERED NUMBER: 05184250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Computerway Technology Services Limited

Computerway Technology Services Limited (Registered number: 05184250)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Computerway Technology Services Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: T Panesar





SECRETARY: T Panesar





REGISTERED OFFICE: 3 Waterside Drive
Langley
Berkshire
SL3 6EZ





REGISTERED NUMBER: 05184250 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Computerway Technology Services Limited (Registered number: 05184250)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,011 3,729

CURRENT ASSETS
Debtors 5 110,345 177,608
Cash at bank and in hand 71,859 143,933
182,204 321,541
CREDITORS
Amounts falling due within one year 6 148,194 178,692
NET CURRENT ASSETS 34,010 142,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,021

146,578

CAPITAL AND RESERVES
Called up share capital 98 98
Retained earnings 36,923 146,480
SHAREHOLDERS' FUNDS 37,021 146,578

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

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

The director acknowledges his 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 director and authorised for issue on 22 October 2024 and were signed by:





T Panesar - Director


Computerway Technology Services Limited (Registered number: 05184250)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Computerway Technology Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 4 (2022 - 4 ) .

Computerway Technology Services Limited (Registered number: 05184250)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 25,019
DEPRECIATION
At 1 January 2023 21,290
Charge for year 718
At 31 December 2023 22,008
NET BOOK VALUE
At 31 December 2023 3,011
At 31 December 2022 3,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,000 41,667
Other debtors 98,345 135,941
110,345 177,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,218 10,597
Taxation and social security 145,976 165,689
Other creditors - 2,406
148,194 178,692

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2022 - £10,000) were paid to the director .

Other debtors include advances of £65,954 (2022 - £75,052) to shareholder and director. Interest of 2.75% was charged on overdrawn loan balances.