PARADISE COMPUTING LIMITED

PARADISE COMPUTING LIMITED

PARADISE COMPUTING LIMITED - Company Information

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PARADISE COMPUTING LIMITED

Company Registration Number:
02150138 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2019

Period of accounts

Start date: 01 June 2018

End date: 31 May 2019

PARADISE COMPUTING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2019

Balance sheet
Notes

PARADISE COMPUTING LIMITED

Balance sheet

As at 31 May 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 54,216 24,145
Total fixed assets: 54,216 24,145
Current assets
Stocks: 18,068 3,831
Debtors:   293,299 266,038
Cash at bank and in hand: 137,900 188,574
Total current assets: 449,267 458,443
Creditors: amounts falling due within one year:   (233,411) (239,221)
Net current assets (liabilities): 215,856 219,222
Total assets less current liabilities: 270,072 243,367
Total net assets (liabilities): 270,072 243,367
Capital and reserves
Called up share capital: 68,332 68,332
Share premium account: 112,720 112,720
Profit and loss account: 89,020 62,315
Shareholders funds: 270,072 243,367

The notes form part of these financial statements

PARADISE COMPUTING LIMITED

Balance sheet statements

For the year ending 31 May 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2019
and signed on behalf of the board by:

Name: A Richmond
Status: Director

The notes form part of these financial statements

PARADISE COMPUTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on cost

PARADISE COMPUTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

2. Employees

2019 2018
Average number of employees during the period 18 18

PARADISE COMPUTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

3. Tangible Assets

Total
Cost £
At 01 June 2018 357,466
Additions 33,031
At 31 May 2019 390,497
Depreciation
At 01 June 2018 333,321
Charge for year 2,960
At 31 May 2019 336,281
Net book value
At 31 May 2019 54,216
At 31 May 2018 24,145