Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3134342023-06-01falsethe supply and maintence of computers and office equipmenttruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03016729 2023-06-01 2024-05-31 03016729 2022-06-01 2023-05-31 03016729 2024-05-31 03016729 2023-05-31 03016729 c:Director1 2023-06-01 2024-05-31 03016729 d:Buildings 2023-06-01 2024-05-31 03016729 d:Buildings 2024-05-31 03016729 d:Buildings 2023-05-31 03016729 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03016729 d:MotorVehicles 2023-06-01 2024-05-31 03016729 d:MotorVehicles 2024-05-31 03016729 d:MotorVehicles 2023-05-31 03016729 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03016729 d:FurnitureFittings 2023-06-01 2024-05-31 03016729 d:FurnitureFittings 2024-05-31 03016729 d:FurnitureFittings 2023-05-31 03016729 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03016729 d:ComputerEquipment 2023-06-01 2024-05-31 03016729 d:ComputerEquipment 2024-05-31 03016729 d:ComputerEquipment 2023-05-31 03016729 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03016729 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03016729 d:Goodwill 2024-05-31 03016729 d:Goodwill 2023-05-31 03016729 d:CurrentFinancialInstruments 2024-05-31 03016729 d:CurrentFinancialInstruments 2023-05-31 03016729 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03016729 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03016729 d:ShareCapital 2024-05-31 03016729 d:ShareCapital 2023-05-31 03016729 d:RetainedEarningsAccumulatedLosses 2024-05-31 03016729 d:RetainedEarningsAccumulatedLosses 2023-05-31 03016729 c:FRS102 2023-06-01 2024-05-31 03016729 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03016729 c:FullAccounts 2023-06-01 2024-05-31 03016729 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03016729 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 03016729













Total Business Computers Ltd

Financial statements
Information for filing with the registrar

31 May 2024




 
Total Business Computers Ltd


Balance sheet
At 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
629,813
659,609

  
629,813
659,609

Current assets
  

Stocks
  
227,435
272,178

Debtors
 6 
847,399
538,758

Cash at bank and in hand
  
1,419,731
1,384,187

  
2,494,565
2,195,123

Creditors: amounts falling due within one year
 7 
(611,291)
(530,010)

Net current assets
  
 
 
1,883,274
 
 
1,665,113

Total assets less current liabilities
  
2,513,087
2,324,722

Provisions for liabilities
  

Deferred tax
  
(100,466)
(101,140)

  
 
 
(100,466)
 
 
(101,140)

Net assets
  
2,412,621
2,223,582


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,412,521
2,223,482

Shareholders' funds
  
2,412,621
2,223,582

1

 
Total Business Computers Ltd

    
Balance sheet (continued)
At 31 May 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2025.




R S Winter
Director

The notes on pages 3 to 7 form part of these financial statements.

Registered number: 03016729
The notes on pages 3 to 7 form part of these financial statements. 
2

 
Total Business Computers Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

1.


General information

Total Business Computer Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Albany House, Albany Road East Gateshead Ind, Est,Gateshead, Tyne & Wear, NE8 3DG.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' (FRS 102) and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Revenue

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
Total Business Computers Ltd
 

 
Notes to the financial statements
Year ended 31 May 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life which has been deemed to be 15 years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Freehold property
-
2-4% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recogntion of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 

4

 
Total Business Computers Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 34 (2023 - 34).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
648,000



At 31 May 2024

648,000



Amortisation


At 1 June 2023
648,000



At 31 May 2024

648,000



Net book value



At 31 May 2024
-



At 31 May 2023
-



5

 
Total Business Computers Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
344,182
616,555
100,619
6,933
1,068,289


Additions
-
95,993
8,296
-
104,289


Disposals
-
(59,075)
-
-
(59,075)



At 31 May 2024

344,182
653,473
108,915
6,933
1,113,503



Depreciation


At 1 June 2023
113,511
221,682
72,835
652
408,680


Charge for the year on owned assets
8,767
108,222
4,170
942
122,101


Disposals
-
(47,091)
-
-
(47,091)



At 31 May 2024

122,278
282,813
77,005
1,594
483,690



Net book value



At 31 May 2024
221,904
370,660
31,910
5,339
629,813



At 31 May 2023
230,671
394,873
27,784
6,281
659,609


6.


Debtors

2024
2023
£
£


Trade debtors
806,545
467,468

Other debtors
818
59,393

Prepayments and accrued income
40,036
11,897

847,399
538,758


6

 
Total Business Computers Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
192,243
245,932

Corporation tax
139,345
46,886

Other taxation and social security
118,365
113,009

Other creditors
37,799
8,083

Accruals and deferred income
123,539
116,100

611,291
530,010



8.


Related party transactions

During the year the company operated a loan account with it's directors. The balance outstanding to the directors at the year end totalled £10,196 (2023: £59,244 to the company). This loan is unsecured, interest free and repayable upon demand.

 
7