FORMAT COMPUTER SERVICES LIMITED,Ltd - Accounts

FORMAT COMPUTER SERVICES LIMITED,Ltd - Accounts


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FORMAT COMPUTER SERVICES LIMITED
For the year ended 31 August 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02524914
2
Contents Page
FORMAT COMPUTER SERVICES LIMITED
For the year ended 31 August 2015
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
FORMAT COMPUTER SERVICES LIMITED
Accountants' Report
For the year ended 31 August 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Brindley Goldstein Limited
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
19 May 2016
Dated:
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4
Abbreviated Balance Sheet
FORMAT COMPUTER SERVICES LIMITED
As at 31 August 2015
02524914
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
3,106
7,566
3,106
7,566
Current assets
Debtors
13,631
23,637
Cash at bank and in hand
10,570
2,328
34,207
15,959
Creditors: amounts falling due within one year
(47,676)
(36,872)
(31,717)
(2,665)
Net current liabilities
Total assets less current liabilities
441
(24,151)
441
Net assets/liabilities
(24,151)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
341
(24,251)
441
(24,151)
Shareholders funds
For the year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her 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.
Date approved by the board: 19 May 2016
Patricia Baxter Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
FORMAT COMPUTER SERVICES LIMITED
For the year ended 31 August 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
10% Straight line
Computer Equipment
33.33% Straight line
Motor Vehicles
15% Straight line
Office Equipment
10% Straight line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
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Notes to the Abbreviated Financial Statements
FORMAT COMPUTER SERVICES LIMITED
For the year ended 31 August 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
60,739
At 01 September 2014
At 31 August 2015
60,739
Depreciation
53,173
At 01 September 2014
4,460
Charge for year
57,633
At 31 August 2015
Net book values
At 31 August 2015
3,106
7,566
At 31 August 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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