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Registered number: 07684462
Komputrade Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07684462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,987 71,035
61,987 71,035
CURRENT ASSETS
Debtors 5 20,600 20,943
Cash at bank and in hand 1 12,400
20,601 33,343
Creditors: Amounts Falling Due Within One Year 6 (6,077 ) (8,425 )
NET CURRENT ASSETS (LIABILITIES) 14,524 24,918
TOTAL ASSETS LESS CURRENT LIABILITIES 76,511 95,953
Creditors: Amounts Falling Due After More Than One Year 7 (37,147 ) (42,880 )
NET ASSETS 39,364 53,073
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 50,500 50,500
Profit and Loss Account (11,236 ) 2,473
SHAREHOLDERS' FUNDS 39,364 53,073
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Cornelius Pieterse
Director
22 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Komputrade Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07684462 . The registered office is 13 Hyde Road, Paignton, Devon, TQ4 5BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was 2 (2023: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 145,097 40,083 51,701 236,881
Additions 11,615 - - 11,615
As at 30 June 2024 156,712 40,083 51,701 248,496
Depreciation
As at 1 July 2023 90,556 31,069 44,221 165,846
Provided during the period 16,539 2,254 1,870 20,663
As at 30 June 2024 107,095 33,323 46,091 186,509
Net Book Value
As at 30 June 2024 49,617 6,760 5,610 61,987
As at 1 July 2023 54,541 9,014 7,480 71,035
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,000 10,000
Director's loan account - 343
Amounts owed by associates 10,600 10,600
20,600 20,943
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,189 5,374
VAT 887 1,811
Accruals and deferred income - 1,240
Director's loan account 1 -
6,077 8,425
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,147 42,880
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5