Compuserve Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01230269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

COMPUSERVE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

D C Kingsman

J K Allen

G R Highfield

SECRETARY:

J K Allen

REGISTERED OFFICE:

6 Topaz Business Park

Topaz Way

Birmingham Road

Bromsgrove

Worcestershire

B61 0GD

REGISTERED NUMBER:

01230269 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

FIXED ASSETS

Tangible assets

4

98,284

76,288

CURRENT ASSETS

Stocks

-

716

Debtors

5

186,252

172,790

Cash at bank

19,512

3,273

205,764

176,779

CREDITORS

Amounts falling due within one year

6

148,364

127,132

NET CURRENT ASSETS

57,400

49,647

TOTAL ASSETS LESS CURRENT LIABILITIES

155,684

125,935

PROVISIONS FOR LIABILITIES

15,258

15,258

NET ASSETS

140,426

110,677

CAPITAL AND RESERVES

Called up share capital

105

105

Share premium

9,945

9,945

Retained earnings

130,376

100,627

SHAREHOLDERS' FUNDS

140,426

110,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 19th December 2017 and were signed on its behalf by:

D C Kingsman - Director

1.	STATUTORY INFORMATION

Compuserve Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Software

-

33% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Software

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2016

6,910

35,547

156,611

199,068

Additions

10,291

5,352

54,609

70,252

Disposals

-

-

(129

)

(129

)

At 31st March 2017

17,201

40,899

211,091

269,191

DEPRECIATION

At 1st April 2016

5,252

14,627

102,901

122,780

Charge for year

1,871

6,121

40,264

48,256

Eliminated on disposal

-

-

(129

)

(129

)

At 31st March 2017

7,123

20,748

143,036

170,907

NET BOOK VALUE

At 31st March 2017

10,078

20,151

68,055

98,284

At 31st March 2016

1,658

20,920

53,710

76,288

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

135,951

123,869

Amounts owed by group undertakings

-

22,652

Other debtors

2,417

2,417

Tax

5,215

-

Prepayments

42,669

23,852

186,252

172,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

52,599

30,325

Amounts owed to group undertakings

5,951

-

Tax

5,850

3,994

Social security and other taxes

2,709

2,885

VAT

21,951

12,149

Deferred income

33,841

53,827

Accrued expenses

25,463

23,952

148,364

127,132

7.	ULTIMATE CONTROLLING PARTY

8.	FIRST YEAR ADOPTION

No adjustments to the values included in the financial statements were required on transitions to Financial

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

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not required

to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Compuserve Limited for the year ended 31st March 2017 which comprise the Statement of

Comprehensive Income, Statement of Financial Position, and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Compuserve Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Compuserve Limited and state those matters that we have agreed to state to the Board of Directors of Compuserve Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Compuserve Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Compuserve Limited. You consider that Compuserve Limited 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 financial statements of Compuserve Limited. 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 financial statements.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

19th December 2017