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REGISTERED NUMBER: 06403781 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

FOR

YOUR IT DEPARTMENT LIMITED

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUR IT DEPARTMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023







DIRECTORS: L R Hewson
S J Cox





SECRETARY: L R Hewson





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





BUSINESS ADDRESS: 8 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF





REGISTERED NUMBER: 06403781 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

BALANCE SHEET
31 MARCH 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,358 225,773

CURRENT ASSETS
Stocks 13,228 9,493
Debtors 5 235,876 175,156
Cash at bank 140,201 63,926
389,305 248,575
CREDITORS
Amounts falling due within one year 6 231,496 178,144
NET CURRENT ASSETS 157,809 70,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,167

296,204

CREDITORS
Amounts falling due after more than one
year

7

(161,242

)

(175,038

)

PROVISIONS FOR LIABILITIES (5,194 ) (3,646 )
NET ASSETS 213,731 117,520

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 213,631 117,420
SHAREHOLDERS' FUNDS 213,731 117,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

BALANCE SHEET - continued
31 MARCH 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




L R Hewson - Director



S J Cox - Director


YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Your IT Department 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The accounting period has been extended to a 13 month period ended 31 March 2023. For this reason, the financial statements and related notes for the current year are not entirely comparable to the prior period.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Grants recieved
Grants received in relation to expenditure on fixed assets are credited to deferred income and released to the profit and loss account over the life of the asset.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 230,817 42,278 45,067 318,162
Additions - 3,531 11,068 14,599
At 31 March 2023 230,817 45,809 56,135 332,761
DEPRECIATION
At 1 March 2022 24,234 28,656 39,499 92,389
Charge for period 5,001 4,637 8,376 18,014
At 31 March 2023 29,235 33,293 47,875 110,403
NET BOOK VALUE
At 31 March 2023 201,582 12,516 8,260 222,358
At 28 February 2022 206,583 13,622 5,568 225,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Trade debtors 227,123 170,285
Other debtors 458 394
Directors' current accounts 3,719 3,962
Prepayments 4,576 515
235,876 175,156

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans and overdrafts 12,564 12,259
Other loans 15,206 23,870
Trade creditors 85,216 79,377
Corporation tax 55,889 25,384
Social security and other taxes 61,341 36,294
Accrued expenses 1,280 960
231,496 178,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 28.2.22
£    £   
Bank loans 161,242 175,038

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 28.2.22
£    £   
Bank loans 173,806 187,297

The bank loan is secured on the assets of the business.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.03.23 28.02.22
Value: £ £

50 Ordinary A £1.00 50
50 Ordinary B £1.00 50
250,000 Ordinary A £0.0001 25 -
250,000 Ordinary B £0.0001 25 -
250,000 Ordinary D £0.0001 25 -
250,000 Ordinary E £0.0001 25 -
100 100
On the 23 January 2023 50 £1 Ordinary A shares were subdivided into 500,000 £0.0001 Ordinary A shares.
On the 23 January 2023 50 £1 Ordinary B shares were subdivided into 500,000 £0.0001 Ordinary B shares.

Once the subdivision of the shares was approved the issued shares were reclassified into:

250,000 A Ordinary shares
250,000 B Ordinary shares
250,000 D Ordinary shares
250,000 E Ordinary shares

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 31 MARCH 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 28 February 2022:

31.3.23 28.2.22
£    £   
L R Hewson
Balance outstanding at start of period 3,962 4,221
Amounts advanced 3,719 3,962
Amounts repaid (3,962 ) (4,221 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 3,719 3,962

No interest has been charged in the year.