Accounts Submission

G D S COMPUTER SYSTEMS LIMITED - Company Information

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Company Registration Number:
04596894 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Contents of the Financial Statements

for the Period Ended 31 December 2017


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Directors' Report Period Ended 31 December 2017

The directors present their report with the financial statements of the company for the period ended 31 December 2017

Principal Activities

The principal activities of the company in the peiod under review were the creating and maintaining of websites, repairing PCs, Macs, Laptops, Tablets and other hardware, maintaining its own software and installing wi-fi systems.

Political and charitable donations

A charitable donation of £20 was made to both Centrepoint and the Teenage Cancer Trust.

Company policy on the employment of disabled persons

GDS Computer Systems Ltd is fully committed to providing equal employment opportunities. In the event of requiring new staff it will seek to comply with any and all laws concerning the provision of employment of disabled persons.

Directors

The directors shown below have held office during the whole of the period from 01 January 2017 to 31 December 2017
Gary David Smith
Helen Barbara Smith

Secretary
Gary David Smith

This report was approved by the board of directors on 13 February 2018
And Signed On Behalf Of The Board By:

Name: Gary David Smith
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2017

	2017 £	2016 £
Gross Profit or (Loss)	14,705	13,919
Administrative Expenses	(18,035)	(15,747)
Operating Profit or (Loss)	(3,330)	(1,828)
Interest Receivable and Similar Income	168	272
Profit or (Loss) Before Tax	(3,162)	(1,556)
Tax on Profit	(0)	(0)
Profit or (Loss) for Period	(3,162)	(1,556)

The notes form part of these financial statements

Balance sheet

As at 31 December 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible assets:	2	580	424
Total fixed assets:		580	424
Current assets
Stocks:		119	119
Debtors:	3	2,346	959
Cash at bank and in hand:		20,610	27,188
Total current assets:		23,075	28,266
Prepayments and accrued income:		84	110
Creditors: amounts falling due within one year:	4	( 2,101 )	( 2,020 )
Net current assets (liabilities):		21,058	26,356
Total assets less current liabilities:		21,638	26,780
Total net assets (liabilities):		21,638	26,780

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2017

	Notes	2017 £	2016 £
Capital and reserves
Called up share capital:		2	2
Revaluation reserve:	5	1,227	1,227
Profit and loss account:		20,409	25,551
Shareholders funds:		21,638	26,780

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 13 February 2018
And Signed On Behalf Of The Board By:

Name: Gary David Smith
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the Profit and Loss account represents revenue earned during the accounting period

Tangible fixed assets depreciation policy

Depreciation is calculated at a flat rate over 3 or 5 years in order to write off each aset over its estimated useful life

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Tangible Assets

	Total
Cost	£
At 01 January 2017	8,757
Additions	514
Disposals	(0)
Revaluations	0
Transfers	0
At 31 December 2017	9,271
Depreciation
At 01 January 2017	8,333
Charge for year	358
On disposals	(0)
Other adjustments	0
At 31 December 2017	8,691
Net book value
At 31 December 2017	580
At 31 December 2016	424

Depreciation is calculated at a flat rate over 3 or 5 years in order to write off each asset over its estimated useful life

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Debtors

Gross trade debtors for the period was £2396 less the provision for a bad debt of £50 giving a net figure of £2346

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

Creditors consist of two x dividend payments of £1100 per £1 ordinary share less 10% = £1980 plus £121 to another

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Revaluation reserve

	2017 £
Balance at 01 January 2017	1,227
Surplus or deficit after revaluation	0
Balance at 31 December 2017	1,227

Director:		Gary David Smith
		Helen Barbara Smith


Secretary:		Gary David Smith


Registered office:		19 St Lawrence Way Hurstpierpoint Hassocks West Sussex BN6 9SH


Company Registration Number:		04596894 (England and Wales)

Accounts Submission