Company Registration No. 15097034 (England and Wales)
COMPONENT HARDWARE SOLUTIONS LTD
Unaudited accounts
for the year ended 31 August 2024
COMPONENT HARDWARE SOLUTIONS LTD
Unaudited accounts
Contents
COMPONENT HARDWARE SOLUTIONS LTD
Company Information
for the year ended 31 August 2024
Directors
A Stride
J Stride
T Stride
Company Number
15097034 (England and Wales)
Registered Office
UNIT 6 WESTWINDS BUSINESS PARK
LLANGAN
BRIDGEND
CF35 5DR
WALES
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
COMPONENT HARDWARE SOLUTIONS LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
64,868
Creditors: amounts falling due within one year
(317,230)
Net current liabilities
(43,122)
Profit and loss account
(16,885)
Shareholders' funds
(16,884)
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 directors acknowledge their 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 of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by
T Stride
Director
Company Registration No. 15097034
COMPONENT HARDWARE SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
COMPONENT HARDWARE SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 15097034. The registered office is UNIT 6 WESTWINDS BUSINESS PARK, LLANGAN, BRIDGEND, CF35 5DR, WALES.
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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Fixtures & fittings
3 to 5 years
Computer equipment
3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The accounts have been prepared on the going concern basis. The Directors and shareholders will continue to financially support the company and will not call in their directors loan, as the financial position was expected due to investments and sales timings. The support will be monitored and continually reviewed.
COMPONENT HARDWARE SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
-
-
-
-
Additions
15,423
15,648
365
31,436
At 31 August 2024
15,423
15,648
365
31,436
At 1 September 2023
3,011
-
-
3,011
Charge for the year
-
2,096
91
2,187
At 31 August 2024
3,011
2,096
91
5,198
At 31 August 2024
12,412
13,552
274
26,238
Amounts falling due within one year
Accrued income and prepayments
202
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
Taxes and social security
200
Loans from directors
304,999
7
Average number of employees
During the year the average number of employees was 1.