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REGISTERED NUMBER: 12451847 (England and Wales)















Financial Statements For The Year Ended 29 February 2024

for

COMPUTERS POINT LTD

COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPUTERS POINT LTD

Company Information
For The Year Ended 29 February 2024







DIRECTOR: K M Butt





SECRETARY: K M Butt





REGISTERED OFFICE: 163 Valancewood Road
Dagenham
RM8 3AJ





REGISTERED NUMBER: 12451847 (England and Wales)





ACCOUNTANTS: Hanson Accountants Limited
64 St Marys Road
Ilford
Essex
IG1 1QX

COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237 316

CURRENT ASSETS
Stocks 5 12,600 16,800
Cash at bank 8,998 89
21,598 16,889
CREDITORS
Amounts falling due within one year 6 19,428 16,139
NET CURRENT ASSETS 2,170 750
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,407

1,066

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 2,406 1,065
SHAREHOLDERS' FUNDS 2,407 1,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)

Balance Sheet - continued
29 February 2024


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 25 November 2024 and were signed by:





K M Butt - Director


COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Computers Point Ltd 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.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 750
DEPRECIATION
At 1 March 2023 434
Charge for year 79
At 29 February 2024 513
NET BOOK VALUE
At 29 February 2024 237
At 28 February 2023 316

5. STOCKS
2024 2023
£    £   
Stocks 12,600 16,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 569 364
Social security and other taxes (710 ) 1,094
Other creditors 1,560 960
Directors' current accounts 17,509 13,221
Accrued expenses 500 500
19,428 16,139

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

COMPUTERS POINT LTD (REGISTERED NUMBER: 12451847)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

8. RESERVES
Retained
earnings
£   

At 1 March 2023 1,065
Profit for the year 2,341
Dividends (1,000 )
At 29 February 2024 2,406