CERT SUPPORT LTD - Filleted accounts

CERT SUPPORT LTD - Filleted accounts

CERT SUPPORT LTD - Company Information

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Registered number
03309677
CERT SUPPORT LTD
Filleted Accounts
31 January 2021
CERT SUPPORT LTD
Registered number: 03309677
Balance Sheet
as at 31 January 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 4 1,129 1,328
Current assets
Debtors 5 2,235 1,472
Cash at bank and in hand 5,661 5,319
7,896 6,791
Creditors: amounts falling due within one year 6 (17,843) (18,199)
Net current liabilities (9,947) (11,408)
Net liabilities (8,818) (10,080)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,918) (10,180)
Shareholder's funds (8,818) (10,080)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
U Vora
Director
Approved by the board on 7 September 2021
CERT SUPPORT LTD
Notes to the Accounts
for the year ended 31 January 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2020 1,148
At 31 January 2021 1,148
Amortisation
At 1 February 2020 1,148
At 31 January 2021 1,148
Net book value
At 31 January 2021 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2020 9,964
At 31 January 2021 9,964
Depreciation
At 1 February 2020 8,636
Charge for the year 199
At 31 January 2021 8,835
Net book value
At 31 January 2021 1,129
At 31 January 2020 1,328
5 Debtors 2021 2020
£ £
Trade debtors 2,235 1,472
6 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors - 71
Taxation and social security costs 7,063 2,948
Other creditors 10,780 15,180
17,843 18,199
7 Other information
CERT SUPPORT LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Carlton Road
Romford
Essex
RM2 5AA
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