Computer Clinic Limited

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—5

1. General Information

Computer Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14003602 . The registered office is 990 Eastern Avenue, Ilford, IG2 7JD.

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. 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.

2.3. 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	10% Reducing Balance
Fixtures & Fittings	10% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual

provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a

financing transaction, where it is recognised at the present value of the future paymentsdiscounted at a market rate of

interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are

publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair

value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is

deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the

asset is measured at the present value of the future payments discounted at a market rate of interest for a similar

debt instrument

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss,

with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the

end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or

...CONTINUED

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Computer Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments - continued

loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these

are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis

of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result

in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the

impairment not previously been recognised.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contribution are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	10,024	7,738	17,762

As at 31 March 2025	10,024	7,738	17,762

Depreciation
As at 1 April 2024	1,924	1,663	3,587
Provided during the period	810	608	1,418

As at 31 March 2025	2,734	2,271	5,005

Net Book Value
As at 31 March 2025	7,290	5,467	12,757

As at 1 April 2024	8,100	6,075	14,175

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Computer Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Materials	9,520	6,350

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	18,852	81,174
Taxation and social security	3,076	5,042

	21,928	86,216

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,757		14,175

			12,757		14,175
CURRENT ASSETS
Stocks	5	9,520		6,350
Cash at bank and in hand		36,289		88,013

		45,809		94,363
Creditors: Amounts Falling Due Within One Year	6	(21,928 )		(86,216 )

NET CURRENT ASSETS (LIABILITIES)			23,881		8,147

TOTAL ASSETS LESS CURRENT LIABILITIES			36,638		22,322

NET ASSETS			36,638		22,322

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			36,538		22,222

SHAREHOLDERS' FUNDS			36,638		22,322

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	100	4,105	4,205
Profit for the year and total comprehensive income	-	23,117	23,117

Dividends paid	-	(5,000)	(5,000)

As at 31 March 2024 and 1 April 2024	100	22,222	22,322


Profit for the year and total comprehensive income	-	14,316	14,316

As at 31 March 2025	100	36,538	36,638