Company Registration No. 02524914 (England and Wales)
Format Computer Services Limited
Unaudited accounts
for the year ended 31 August 2018
Format Computer Services Limited
Unaudited accounts
Contents
Format Computer Services Limited
Company Information
for the year ended 31 August 2018
Company Number
02524914 (England and Wales)
Registered Office
103 HIGH STREET
WALTHAM CROSS
HERTS
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
Herts.
EN8 7AN
Format Computer Services Limited
Statement of financial position
as at 31 August 2018
Cash at bank and in hand
66,389
8,352
Creditors: amounts falling due within one year
(88,675)
(29,974)
Net current assets/(liabilities)
8,163
(15,015)
Net assets/(liabilities)
8,163
(14,969)
Called up share capital
100
100
Profit and loss account
8,063
(15,069)
Shareholders' funds
8,163
(14,969)
For the year ending 31 August 2018 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.
Approved by the Board on 28 May 2019.
M.L.Baxter
Director
Company Registration No. 02524914
Format Computer Services Limited
Notes to the Accounts
for the year ended 31 August 2018
Format Computer Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02524914. The registered office is 103 HIGH STREET, WALTHAM CROSS, HERTS, EN8 7AN.
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 remained unchanged from the previous year, and also 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2017
17,256
22,363
9,151
11,969
60,739
Disposals
-
(22,363)
(9,151)
(11,969)
(43,483)
At 31 August 2018
17,256
-
-
-
17,256
At 1 September 2017
17,256
22,362
9,114
11,961
60,693
On disposals
-
(22,362)
(9,114)
(11,961)
(43,437)
At 31 August 2018
17,256
-
-
-
17,256
At 31 August 2018
-
-
-
-
-
At 31 August 2017
-
1
37
8
46
Format Computer Services Limited
Notes to the Accounts
for the year ended 31 August 2018
Trade debtors
30,449
6,282
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
15,325
2,967
Other creditors
45,600
4,242
Loans from directors
21,115
21,115
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Matthew Baxter throughout the current year. Matthew Baxter is personally interested in 99% of the company's issued share capital. Mr.D.Baxter, father of the director, is personally interested in 1% of the company's issued share capital.
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
