Roundhill Computer Systems Limited - Period Ending 2018-03-31

Registration number: 01498234

Roundhill Computer Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Roundhill Computer Systems Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Roundhill Computer Systems Limited

(Registration number: 01498234)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	937	1,566
Current assets
Debtors	5	1,518	1,287
Cash at bank and in hand		2,673	2,944
		4,191	4,231
Creditors: Amounts falling due within one year	6	(1,903)	(934)
Net current assets		2,288	3,297
Net assets		3,225	4,863
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,125	4,763
Total equity		3,225	4,863

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 November 2018
 

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

TO Frost
Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Roundhill Computer Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Church Lane
Ogbourne St. George
Marlborough
Wiltshire
SN8 1SU
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of computer consultancy services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% to 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Page 2

Roundhill Computer Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2017 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2017	19,421	19,421
Disposals	(697)	(697)
At 31 March 2018	18,724	18,724
Depreciation
At 1 April 2017	17,855	17,855
Charge for the year	629	629
Eliminated on disposal	(697)	(697)
At 31 March 2018	17,787	17,787
Carrying amount
At 31 March 2018	937	937
At 31 March 2017	1,566	1,566

Page 3

Roundhill Computer Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

5

Debtors

	2018 £	2017 £
Trade debtors	633	355
Prepayments	759	734
Other debtors	126	198
	1,518	1,287

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	383	331
Taxation and social security	360	13
Other creditors	1,160	590
	1,903	934

Page 4