Computer and Design Services Limited - Accounts to registrar (filleted) - small 18.2
Computer and Design Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 29th February 2020 |
| for |
| COMPUTER AND DESIGN SERVICES LIMITED |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Contents of the Financial Statements |
| for the Year Ended 29th February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| COMPUTER AND DESIGN SERVICES LIMITED |
| Company Information |
| for the Year Ended 29th February 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Windover House |
| St Ann Street |
| Salisbury |
| Wiltshire |
| SP1 2DR |
| BANKERS: |
| 1 Churchill Place |
| Canary Wharf |
| London |
| E14 5HP |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Balance Sheet |
| 29th February 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Notes to the Financial Statements |
| for the Year Ended 29th February 2020 |
| 1. | STATUTORY INFORMATION |
| Computer and Design Services Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements are presented in sterling which is the functional currency of the company. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Computer and Design Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Gainpeak Limited, Arrowsmith Court, 10 Station Approach, Broadstone, Dorset BH18 8AX. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Where services such as maintenance contracts are supplied in a period following the year end the relevant invoiced amount is treated as maintenance in advance. |
| Intangible assets |
| Intangible fixed assets relate to purchased software. This is amortised over its expected useful life of three years. |
| Tangible fixed assets |
| Motor vehicles | - |
| Office equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29th February 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Investments |
| Fixed Asset Investments are stated at cost less provision for impairment in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29th February 2020 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1st March 2019 |
| and 29th February 2020 |
| AMORTISATION |
| At 1st March 2019 |
| and 29th February 2020 |
| NET BOOK VALUE |
| At 29th February 2020 |
| At 28th February 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Motor | Office |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st March 2019 |
| Additions |
| At 29th February 2020 |
| DEPRECIATION |
| At 1st March 2019 |
| Charge for year |
| At 29th February 2020 |
| NET BOOK VALUE |
| At 29th February 2020 |
| At 28th February 2019 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st March 2019 |
| and 29th February 2020 |
| NET BOOK VALUE |
| At 29th February 2020 |
| At 28th February 2019 |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29th February 2020 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Maintenance in advance |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| In more than five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary shares | £1 | 100 | 100 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| COMPUTER AND DESIGN SERVICES LIMITED (REGISTERED NUMBER: 01161218) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29th February 2020 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29th February 2020 and 28th February 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 13. | RELATED PARTY DISCLOSURES |
| Advantage has been taken of the exemption conferred by Section 33.1A of FRS 102 in respect of related party transactions with Gainpeak Limited on the grounds that Computer and Design Services Limited is a wholly owned subsidiary. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Gainpeak Limited. |
| The ultimate controlling party is |