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Company No: 07733799 (England and Wales)

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

BALANCE SHEET

As at 31 August 2024
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 14,584 16,795
14,584 16,795
Current assets
Debtors 5 16,352 11,545
Cash at bank and in hand 57,304 52,176
73,656 63,721
Creditors: amounts falling due within one year 6 ( 42,886) ( 40,549)
Net current assets 30,770 23,172
Total assets less current liabilities 45,354 39,967
Creditors: amounts falling due after more than one year 7 ( 5,707) ( 10,706)
Provision for liabilities ( 2,771) ( 3,191)
Net assets 36,876 26,070
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,776 25,970
Total shareholders' funds 36,876 26,070

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Complete Computer Solutions (South) Limited (registered number: 07733799) were approved and authorised for issue by the Board of Directors on 21 January 2025. They were signed on its behalf by:

C Smith
Director
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
COMPLETE COMPUTER SOLUTIONS (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Complete Computer Solutions (South) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 348 Charminster Road , Bournemouth, Dorset, England, BH8 9RX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 - 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 21,000 21,000
At 31 August 2024 21,000 21,000
Accumulated amortisation
At 01 September 2023 21,000 21,000
At 31 August 2024 21,000 21,000
Net book value
At 31 August 2024 0 0
At 31 August 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 September 2023 28,619 36,690 7,958 14,460 87,727
Additions 0 0 0 1,800 1,800
At 31 August 2024 28,619 36,690 7,958 16,260 89,527
Accumulated depreciation
At 01 September 2023 22,643 27,063 7,604 13,622 70,932
Charge for the financial year 1,291 2,407 89 224 4,011
At 31 August 2024 23,934 29,470 7,693 13,846 74,943
Net book value
At 31 August 2024 4,685 7,220 265 2,414 14,584
At 31 August 2023 5,976 9,627 354 838 16,795

5. Debtors

2024 2023
£ £
Trade debtors 16,174 11,367
Other debtors 178 178
16,352 11,545

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,001 5,000
Taxation and social security 30,597 28,428
Other creditors 7,288 7,121
42,886 40,549

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 5,707 10,706

There are no amounts included above in respect of which any security has been given by the small entity.