Format Computer Services Limited

Format Computer Services Limited

FORMAT COMPUTER SERVICES LIMITED - Company Information

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Company Registration No. 02524914 (England and Wales)
Format Computer Services Limited Unaudited accounts for the year ended 31 August 2021
Format Computer Services Limited Unaudited accounts Contents
Page
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Format Computer Services Limited Company Information for the year ended 31 August 2021
Directors
M.L.Baxter
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
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Format Computer Services Limited for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Format Computer Services Limited for the year ended 31 August 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Format Computer Services Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Format Computer Services Limited and state those matters that we have agreed to state to the Board of Directors of Format Computer Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Format Computer Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Format Computer Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Format Computer Services Limited. You consider that Format Computer Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Format Computer Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 15 October 2021
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Format Computer Services Limited Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,666 
- 
Current assets
Debtors
5
26,494 
31,207 
Cash at bank and in hand
21,209 
20,918 
47,703 
52,125 
Creditors: amounts falling due within one year
6
(53,100)
(58,259)
Net current liabilities
(5,397)
(6,134)
Net liabilities
(3,731)
(6,134)
Capital and reserves
Called up share capital
7
110 
110 
Profit and loss account
(3,841)
(6,244)
Shareholders' funds
(3,731)
(6,134)
For the year ending 31 August 2021 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 15 October 2021 and were signed on its behalf by
M.L.Baxter Director Company Registration No. 02524914
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Format Computer Services Limited Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Computer equipment
33 1/3% straight line
Going concern
The director, having considered the net liability position of the company and made due enquiries, continue to adopt the going concern basis in preparing the financial statements as he will support the company and believe the company will continue in operation for the foreseeable future.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2020
17,256 
9,151 
11,969 
38,376 
Additions
- 
- 
1,764 
1,764 
At 31 August 2021
17,256 
9,151 
13,733 
40,140 
Depreciation
At 1 September 2020
17,256 
9,151 
11,969 
38,376 
Charge for the year
- 
- 
98 
98 
At 31 August 2021
17,256 
9,151 
12,067 
38,474 
Net book value
At 31 August 2021
- 
- 
1,666 
1,666 
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Format Computer Services Limited Notes to the Accounts for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
26,494 
31,207 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,134 
2,858 
Trade creditors
12,019 
7,420 
Taxes and social security
574 
581 
Other creditors
16,448 
13,267 
Loans from directors
21,925 
34,133 
53,100 
58,259 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
10 Ordinary B shares of £1 each
10 
10 
110 
110 
8
Transactions with related parties
The company was under the control of Matthew Baxter throughout the current year. Matthew Baxter is personally interested in 100% of the company's issued A share capital. David Baxter is personally interested in 100% of the company's issued B share capital.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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