Company Registration No. 02524914 (England and Wales)
Format Computer Services Limited
Unaudited accounts
for the year ended 31 August 2024
Format Computer Services Limited
Unaudited accounts
Contents
Format Computer Services Limited
Company Information
for the year ended 31 August 2024
Company Number
02524914 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Format Computer Services Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Format Computer Services Limited for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Format Computer Services Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Format Computer Services Limited and state those matters that we have agreed to state to the Board of Directors of Format Computer Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Format Computer Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Format Computer Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Format Computer Services Limited. You consider that Format Computer Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Format Computer Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
24 October 2024
Format Computer Services Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
17,837
27,811
Creditors: amounts falling due within one year
(35,622)
(53,743)
Net current assets
7,444
4,278
Called up share capital
110
110
Profit and loss account
8,160
5,955
Shareholders' funds
8,270
6,065
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2024 and were signed on its behalf by
Mr M. L. Baxter
Director
Company Registration No. 02524914
Format Computer Services Limited
Notes to the Accounts
for the year ended 31 August 2024
Format Computer Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02524914. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33 1/3% straight line
4
Tangible fixed assets
Computer equipment
Format Computer Services Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
25,229
30,210
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,696
14,201
Taxes and social security
3,107
5,726
Other creditors
13,669
17,221
Loans from directors
6,924
924
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
10 Ordinary B shares of £1 each
10
10
8
Transactions with related parties
The company was under the control of Mr M. L. Baxter throughout the current year. Mr M. L. Baxter is personally interested in 100% of the company's 'A' share capital. Mr D. Baxter is personally interested in 100% of the company's 'B' share capital.
Mr D. Baxter received a dividend from the company during the year of £6,000 (2023: £3,000).
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).