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PERFECT COMPUTER SYSTEMS LIMITED - Company Information

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Draft

Perfect Computer Systems Limited

Registered Number:03878080

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

Draft

For the year ended 31 March 2018

Perfect Computer Systems Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

As at 31 March 2018

Perfect Computer Systems Limited

Statement of Financial Position

Registered Number :

03878080

2017

2018

Notes

Fixed assets

Intangible assets

20,000

22,000

Property, plant and equipment

133

166

20,133

22,166

Current assets

Inventories

21,315

18,581

Trade and other receivables

46,437

119,529

Cash and cash equivalents

138,130

67,772

Trade and other payables: amounts falling due within one

year

(93,192)

(151,692)

(25,420)

(13,562)

Net current liabilities

Total assets less current liabilities

6,571

(3,254)

6,571

Net assets/liabilities

(3,254)

Capital and reserves

Called up share capital

100

Retained earnings

6,471

(3,354)

6,571

(3,254)

Shareholders' funds

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

R.Cooke Director

These financial statements were approved and authorised for issue by the Board on 27 December 2018 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 31 March 2018

Perfect Computer Systems Limited

Notes to the Financial Statements

Statutory Information

Perfect Computer Systems Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 03878080.

Registered address:

Unit 2

The Bath Works

Mill Lane

Dronfield

S18 2XL

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:

Plant and machinery

10 Reducing balance

10 Straight line

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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Draft

For the year ended 31 March 2018

Perfect Computer Systems Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2017

40,000

At 31 March 2018

40,000

Amortisation

At 01 April 2017

18,000

2,000

Charge for year

At 31 March 2018

20,000

Net book value

At 31 March 2018

20,000

At 31 March 2017

22,000

3. Property, plant and equipment

Total

Fixtures and

fittings

Plant and

machinery

Cost or

valuation

At 01 April 2017

1,526

1,336

190

At 31 March 2018

190

1,336

1,526

Provision for depreciation and impairment

At 01 April 2017

1,360

1,177

183

Charge for year

At 31 March 2018

1,393

1,209

184

At 31 March 2018

Net book value

127

133

At 31 March 2017

159

166

4. Inventories

2017

2018

Stocks

18,581

21,315

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Draft

For the year ended 31 March 2018

Perfect Computer Systems Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2017

2018

Trade debtors

115,811

40,690

Other debtors

3,718

5,747

46,437

119,529

6. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

53,325

33,738

Trade creditors

59,179

10,696

Taxation and social security

4,762

Other creditors

34,426

48,758

151,692

93,192

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