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Company Registration No. 5529816 (England and Wales)
MARCHANT IT SOLUTIONS (MITSOL) LIMITED Unaudited accounts for the year ended 31 August 2023
MARCHANT IT SOLUTIONS (MITSOL) LIMITED Unaudited accounts Contents
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MARCHANT IT SOLUTIONS (MITSOL) LIMITED Company Information for the year ended 31 August 2023
Directors
KEVIN MARCHANT SALLY MARCHANT
Company Number
5529816 (England and Wales)
Registered Office
29 GAGE CLOSE ROYSTON HERTS SG8 7BE
Accountants
NUMBER CRUNCHING LTD UNIT 5 FEN END STOTFOLD HERTS SG5 4BA
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MARCHANT IT SOLUTIONS (MITSOL) LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
514 
1,130 
Current assets
Debtors
255 
123 
Cash at bank and in hand
30,652 
11,964 
30,907 
12,087 
Creditors: amounts falling due within one year
(20,223)
(3,080)
Net current assets
10,684 
9,007 
Net assets
11,198 
10,137 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
11,188 
10,127 
Shareholders' funds
11,198 
10,137 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by
KEVIN MARCHANT Director Company Registration No. 5529816
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MARCHANT IT SOLUTIONS (MITSOL) LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
MARCHANT IT SOLUTIONS (MITSOL) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5529816. The registered office is 29 GAGE CLOSE, ROYSTON, HERTS, SG8 7BE.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
straight line over 3 years
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
502 
38,932 
39,434 
Additions
- 
358 
358 
At 31 August 2023
502 
39,290 
39,792 
Depreciation
At 1 September 2022
146 
38,158 
38,304 
Charge for the year
80 
894 
974 
At 31 August 2023
226 
39,052 
39,278 
Net book value
At 31 August 2023
276 
238 
514 
At 31 August 2022
356 
774 
1,130 
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MARCHANT IT SOLUTIONS (MITSOL) LIMITED Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
132 
- 
Accrued income and prepayments
123 
123 
255 
123 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,643 
54 
Taxes and social security
12,256 
2,743 
Loans from directors
124 
83 
Accruals
200 
200 
20,223 
3,080 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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