Company Registration No. 04513034 (England and Wales)
Custom IT Hardware Ltd
Unaudited accounts
for the year ended 31 March 2022
Custom IT Hardware Ltd
Unaudited accounts
Contents
Custom IT Hardware Ltd
Company Information
for the year ended 31 March 2022
Directors
Rex Dixon
Lorraine Meeks
Company Number
04513034 (England and Wales)
Registered Office
9 KINGSWELL ROAD
ENSBURY PARK
BOURNEMOUTH
BH10 5DF
UNITED KINGDOM
Accountants
FD For You Ltd
9 Kingswell Road
Ensbury Park
Bournemouth
Dorset
BH10 5DF
Custom IT Hardware Ltd
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
11,204
14,503
Creditors: amounts falling due within one year
(7,743)
(4,241)
Net current assets
8,780
12,721
Called up share capital
100
100
Profit and loss account
9,073
13,090
Shareholders' funds
9,173
13,190
For the year ending 31 March 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2022 and were signed on its behalf by
Rex Dixon
Director
Company Registration No. 04513034
Custom IT Hardware Ltd
Notes to the Accounts
for the year ended 31 March 2022
Custom IT Hardware Ltd is a private company, limited by shares, registered in England and Wales, registration number 04513034. The registered office is 9 KINGSWELL ROAD, ENSBURY PARK, BOURNEMOUTH, BH10 5DF, UNITED KINGDOM.
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.
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:
Plant & machinery
3 Year Straight Line
Fixtures & fittings
5 Year Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Custom IT Hardware Ltd
Notes to the Accounts
for the year ended 31 March 2022
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
1,333
3,714
5,047
Disposals
-
(1,332)
(1,332)
At 31 March 2022
1,333
2,648
3,981
At 1 April 2021
1,333
3,245
4,578
Charge for the year
-
342
342
On disposals
-
(1,332)
(1,332)
At 31 March 2022
1,333
2,255
3,588
At 31 March 2022
-
393
393
At 31 March 2021
-
469
469
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,837
2,475
Loans from directors
317
-
During the year there were advances of £14,937 ( 2021 £6,490) and repayments of £15,186 (2021 £2,150) made to/by directors. Interest was charged at 2.5% on this loan where applicable. At the end of the year the company owed £317 to directors (2021 £8 to Directors)
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Average number of employees
During the year the average number of employees was 2 (2021: 2).
