Business Computer Solutions Ltd - Period Ending 2015-06-30

Registration number: 03211482

Business Computer Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Batchelor Coop Ltd Chartered Accountants
The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Business Computer Solutions Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Business Computer Solutions Ltd
for the Year Ended 30 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Business Computer Solutions Ltd for the year ended 30 June 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a 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 Business Computer Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 10 October 2005. Our work has been undertaken solely to prepare for your approval the accounts of Business Computer Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Business Computer Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Business Computer Solutions Ltd 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 Business Computer Solutions Ltd. You consider that Business Computer Solutions Ltd 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 Business Computer Solutions Ltd. 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.

......................................

Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

30 October 2015

Page 1

Business Computer Solutions Ltd
(Registration number: 03211482)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					587,076			562,033
Current assets
Stocks					35,074			20,290
Debtors					225,781			239,200
Cash at bank and in hand					34,631			14,120
					295,486			273,610
Creditors: Amounts falling due within one year					(329,528)			(266,759)
Net current (liabilities)/assets					(34,042)			6,851
Total assets less current liabilities					553,034			568,884
Creditors: Amounts falling due after more than one year					(249,170)			(289,584)
Provisions for liabilities					(7,274)			-
Net assets					296,590			279,300
Capital and reserves
Called up share capital		4			10			10
Profit and loss account					296,580			279,290
Shareholders' funds					296,590			279,300

For the year ending 30 June 2015 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.

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

Approved by the Board on 30 October 2015 and signed on its behalf by:

.........................................
Mr G Johns
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Business Computer Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% on written down value
Computer equipment	25% on written down value
Land and buildings	Over 50 years
Fixtures and fittings	15% on written down value
Plant and machinery	15% on written down value

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Business Computer Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		744,681			744,681
Additions		76,556			76,556
Disposals		(28,013)			(28,013)
At 30 June 2015		793,224			793,224
Depreciation
At 1 July 2014		182,648			182,648
Charge for the year		47,574			47,574
Eliminated on disposals		(24,074)			(24,074)
At 30 June 2015		206,148			206,148
Net book value
At 30 June 2015		587,076			587,076
At 30 June 2014		562,033			562,033

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		57,725			63,099
Amounts falling due after more than one year		125,470			139,583
Total secured creditors		183,195			202,682

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		32,523			45,765

Page 4

Business Computer Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		5			5			5			5
Ordinary A shares of £1 each		1			1			1			1
Ordinary B shares of £1 each		3			3			3			3
Ordinary C shares of £1 each		1			1			1			1
		10			10			10			10

5

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 5