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Company Registration No. 07913777 (England and Wales)
ON IT NOT IN IT LIMITED Unaudited accounts for the year ended 31 March 2023
ON IT NOT IN IT LIMITED Unaudited accounts Contents
Page
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ON IT NOT IN IT LIMITED Company Information for the year ended 31 March 2023
Director
Stephen Roberts
Secretary
Nicola Chadwick
Company Number
07913777 (England and Wales)
Registered Office
97 Trinity Avenue Llandudno LL30 2UJ
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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ON IT NOT IN IT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,229 
9,706 
Current assets
Cash at bank and in hand
54,934 
78,541 
Creditors: amounts falling due within one year
(5,042)
(4,712)
Net current assets
49,892 
73,829 
Total assets less current liabilities
63,121 
83,535 
Creditors: amounts falling due after more than one year
(69)
- 
Net assets
63,052 
83,535 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
63,042 
83,525 
Shareholders' funds
63,052 
83,535 
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Stephen Roberts Director Company Registration No. 07913777
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ON IT NOT IN IT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
ON IT NOT IN IT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07913777. The registered office is 97 Trinity Avenue, Llandudno, LL30 2UJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
24,172 
4,388 
28,560 
Additions
7,935 
- 
7,935 
At 31 March 2023
32,107 
4,388 
36,495 
Depreciation
At 1 April 2022
14,876 
3,978 
18,854 
Charge for the year
4,309 
103 
4,412 
At 31 March 2023
19,185 
4,081 
23,266 
Net book value
At 31 March 2023
12,922 
307 
13,229 
At 31 March 2022
9,296 
410 
9,706 
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ON IT NOT IN IT LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
870 
804 
Loans from directors
4,172 
3,908 
5,042 
4,712 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
69 
- 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Transactions with related parties
During the year, the company received a loan from a member of key management personnel. The loan of £4172 is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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