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REGISTERED NUMBER: 01161218 (England and Wales)















Financial Statements for the Year Ended 29th February 2024

for

COMPUTER AND DESIGN SERVICES LIMITED

COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPUTER AND DESIGN SERVICES LIMITED

Company Information
for the Year Ended 29th February 2024







DIRECTORS: J W P Fryett
I L Chambers


SECRETARY: J W P Fryett


REGISTERED OFFICE: Arrowsmith Court
10 Station Approach
Broadstone
Dorset
BH18 8AX


REGISTERED NUMBER: 01161218 (England and Wales)


SENIOR STATUTORY AUDITOR: Simon Ellingham BA FCA DChA


AUDITORS: Fawcetts LLP
Windover House
St Ann Street
Salisbury
Wiltshire
SP1 2DR


BANKERS: Barclays
1 Churchill Place
Canary Wharf
London
E14 5HP

COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,524 29,781
Investments 6 19,600 19,600
70,124 49,381

CURRENT ASSETS
Debtors 7 3,379,785 3,057,434
Cash at bank and in hand 1,875,037 2,527,794
5,254,822 5,585,228
CREDITORS
Amounts falling due within one year 8 3,114,804 3,282,200
NET CURRENT ASSETS 2,140,018 2,303,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,210,142

2,352,409

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,210,042 2,352,309
SHAREHOLDERS' FUNDS 2,210,142 2,352,409

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 25th November 2024 and were signed on its behalf by:





J W P Fryett - Director


COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

Computer and Design 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.

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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements are presented in sterling which is the functional currency of the company.

Preparation of consolidated financial statements
The financial statements contain information about Computer and Design Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Gainpeak Limited, Arrowsmith Court, 10 Station Approach, Broadstone, Dorset BH18 8AX.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Where services such as maintenance contracts are supplied in a period following the year end the relevant invoiced amount is treated as maintenance in advance.

Intangible assets
Intangible fixed assets relate to purchased software. This is amortised over its expected useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Office equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Fixed Asset Investments are stated at cost less provision for impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 35 ) .

COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2023
and 29th February 2024 251,260
AMORTISATION
At 1st March 2023
and 29th February 2024 251,260
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st March 2023 72,224 40,470 112,694
Additions 24,995 10,064 35,059
Disposals (17,977 ) - (17,977 )
At 29th February 2024 79,242 50,534 129,776
DEPRECIATION
At 1st March 2023 65,537 17,376 82,913
Charge for year 3,667 9,797 13,464
Eliminated on disposal (17,125 ) - (17,125 )
At 29th February 2024 52,079 27,173 79,252
NET BOOK VALUE
At 29th February 2024 27,163 23,361 50,524
At 28th February 2023 6,687 23,094 29,781

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2023
and 29th February 2024 19,600
NET BOOK VALUE
At 29th February 2024 19,600
At 28th February 2023 19,600

COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,820,128 1,843,778
Other debtors 1,559,657 1,213,656
3,379,785 3,057,434

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Maintenance in advance 1,401,284 1,552,573
Trade creditors 257,344 188,918
Amounts owed to group undertakings 346,756 407,688
Taxation and social security 311,588 287,317
Other creditors 797,832 845,704
3,114,804 3,282,200

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 216,667 -
In more than five years - 266,667
216,667 266,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Ellingham BA FCA DChA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP

COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
I L Chambers
Balance outstanding at start of year - -
Amounts advanced 304,204 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 304,204 -

Interest is charged at a rate of 2.25% per annum.

13. RELATED PARTY DISCLOSURES

Advantage has been taken of the exemption conferred by Section 33.1A of FRS 102 in respect of related party transactions with Gainpeak Limited on the grounds that Computer and Design Services Limited is a wholly owned subsidiary.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Gainpeak Limited.

The ultimate controlling party is J W P Fryett.