Registered number
05152472
Interactive Technical Solutions Limited
Unaudited Filleted Accounts
31 May 2022
Interactive Technical Solutions Limited
Registered number: 05152472
Balance Sheet
as at 31 May 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 42,080 17,130
Current assets
Debtors 4 413,853 222,830
Cash at bank and in hand 605,812 633,108
1,019,665 855,938
Creditors: amounts falling due within one year 5 (174,999) (139,674)
Net current assets 844,666 716,264
Total assets less current liabilities 886,746 733,394
Provisions for liabilities (7,995) -
Net assets 878,751 733,394
Capital and reserves
Called up share capital 200 200
Capital Redemption Reserve 100 100
Profit and loss account 878,451 733,094
Shareholders' funds 878,751 733,394
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I C Birchall
Director
Approved by the board on 6 September 2022
Interactive Technical Solutions Limited
Notes to the Accounts
for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2021 127,057
Additions 38,869
At 31 May 2022 165,926
Depreciation
At 1 June 2021 109,927
Charge for the year 13,919
At 31 May 2022 123,846
Net book value
At 31 May 2022 42,080
At 31 May 2021 17,130
4 Debtors 2022 2021
£ £
Trade debtors 382,985 198,289
Amounts Recoverable on Long Term Contracts 26,147 9,450
Prepayments 3,544 9,714
Other debtors 1,177 5,377
413,853 222,830
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 915 879
Corporation tax 84,847 66,597
Other taxes and social security costs 12,364 10,473
VAT 75,616 60,498
Accruals 1,070 1,040
Director's Current Account 187 187
174,999 139,674
6 Other information
Interactive Technical Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 York Place
Knaresborough
HG5 0AA
Interactive Technical Solutions Limited 05152472 false 2021-06-01 2022-05-31 2022-05-31 VT Final Accounts April 2022 I C Birchall No description of principal activity 05152472 2020-06-01 2021-05-31 05152472 core:WithinOneYear 2021-05-31 05152472 core:ShareCapital 2021-05-31 05152472 core:RetainedEarningsAccumulatedLosses 2021-05-31 05152472 2021-06-01 2022-05-31 05152472 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 05152472 bus:AuditExemptWithAccountantsReport 2021-06-01 2022-05-31 05152472 bus:Director40 2021-06-01 2022-05-31 05152472 core:PlantMachinery 2021-06-01 2022-05-31 05152472 countries:England 2021-06-01 2022-05-31 05152472 bus:FRS102 2021-06-01 2022-05-31 05152472 bus:FullAccounts 2021-06-01 2022-05-31 05152472 2022-05-31 05152472 core:WithinOneYear 2022-05-31 05152472 core:ShareCapital 2022-05-31 05152472 core:RetainedEarningsAccumulatedLosses 2022-05-31 05152472 core:PlantMachinery 2022-05-31 05152472 2021-05-31 05152472 core:PlantMachinery 2021-05-31 iso4217:GBP xbrli:pure