Computer Business Forms Limited - Accounts to registrar (filleted) - small 17.3

Computer Business Forms Limited - Accounts to registrar (filleted) - small 17.3

COMPUTER BUSINESS FORMS LIMITED - Company Information

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REGISTERED NUMBER: 01759957 (England and Wales)


























Financial Statements

for the Year Ended 30 September 2017

for

Computer Business Forms Limited
Computer Business Forms Limited (Registered number: 01759957)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Computer Business Forms Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: P Johnson
Mrs S J Johnson
S G Powell
L J Baxendell





SECRETARY: Mrs S J Johnson





REGISTERED OFFICE: 7 The Gateway
Old Hall Road
Wirral
Merseyside
CH62 3NX





REGISTERED NUMBER: 01759957 (England and Wales)





ACCOUNTANTS: Sloan & Co.
Chartered Accountants
Granite Buildings
6 Stanley Street
Liverpool
Merseyside
L1 6AF
Page 1
Computer Business Forms Limited (Registered number: 01759957)

Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 326,125 338,890
326,125 338,890

CURRENT ASSETS
Stocks 70,590 73,296
Debtors 6 328,979 233,991
Cash at bank 23,673 35,631
423,242 342,918
CREDITORS
Amounts falling due within one year 7 317,694 250,214
NET CURRENT ASSETS 105,548 92,704
TOTAL ASSETS LESS CURRENT
LIABILITIES
431,673
431,594

CREDITORS
Amounts falling due after more than one
year
8
(43,465
)
(65,554
)

PROVISIONS FOR LIABILITIES - (464 )
NET ASSETS 388,208 365,576

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 388,108 365,476
SHAREHOLDERS' FUNDS 388,208 365,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Computer Business Forms Limited (Registered number: 01759957)

Balance Sheet - continued
30 September 2017


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 18 January 2018 and were signed on its behalf by:





P Johnson - Director


The notes form part of these financial statements

Page 3
Computer Business Forms Limited (Registered number: 01759957)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Computer Business Forms 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor Vehicles - 25% on cost
Computer equipment - 33% 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 balance sheet date.

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

Page 4 continued...
Computer Business Forms Limited (Registered number: 01759957)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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.

Leasehold property
Depreciation is not provided on the company's leasehold property, because, in the opinion of the directors, the
undepreciated value of the leasehold property provides a truer reflection of its worth to the company. The
directors are aware that this represents a departure from the requirements of the Companies Act 2006 and
Financial Reporting Standard 15, Accounting for Depreciation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2016
and 30 September 2017 80,000
AMORTISATION
At 1 October 2016
and 30 September 2017 80,000
NET BOOK VALUE
At 30 September 2017 -
At 30 September 2016 -

Page 5 continued...
Computer Business Forms Limited (Registered number: 01759957)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2016 262,144 43,685 22,028
Additions - - 140
At 30 September 2017 262,144 43,685 22,168
DEPRECIATION
At 1 October 2016 - 18,410 19,172
Charge for year - 4,369 718
Eliminated on disposal - - -
At 30 September 2017 - 22,779 19,890
NET BOOK VALUE
At 30 September 2017 262,144 20,906 2,278
At 30 September 2016 262,144 25,275 2,856

Motor Computer
Vehicles equipment Totals
£    £    £   
COST
At 1 October 2016 85,569 39,413 452,839
Additions 18,890 - 19,030
Disposals (18,500 ) - (18,500 )
At 30 September 2017 85,959 39,413 453,369
DEPRECIATION
At 1 October 2016 39,163 37,204 113,949
Charge for year 19,915 1,783 26,785
Eliminated on disposal (13,490 ) - (13,490 )
At 30 September 2017 45,588 38,987 127,244
NET BOOK VALUE
At 30 September 2017 40,371 426 326,125
At 30 September 2016 46,406 2,209 338,890

Page 6 continued...
Computer Business Forms Limited (Registered number: 01759957)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 October 2016 82,069
Additions 18,890
Disposals (18,500 )
Transfer to ownership (17,304 )
At 30 September 2017 65,155
DEPRECIATION
At 1 October 2016 36,611
Charge for year 14,714
Eliminated on disposal (13,490 )
Transfer to ownership (11,554 )
At 30 September 2017 26,281
NET BOOK VALUE
At 30 September 2017 38,874
At 30 September 2016 45,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 322,193 226,877
Prepayments 6,786 7,114
328,979 233,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 16,900 16,200
Hire purchase contracts 12,987 11,227
Trade creditors 188,224 143,505
Tax 20,441 22,104
Social security and other taxes 37,835 29,426
Directors' current accounts 33,889 16,055
Accrued expenses 7,418 11,697
317,694 250,214

Page 7 continued...
Computer Business Forms Limited (Registered number: 01759957)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 17,100 16,500
Bank loans - 2-5 years 4,622 22,483
Hire purchase contracts 21,743 26,571
43,465 65,554

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 38,622 55,183
Hire purchase contracts 34,730 37,798
73,352 92,981

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 October 2016 365,476
Profit for the year 68,132
Dividends (45,500 )
At 30 September 2017 388,108

Page 8