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
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
MARCHANT IT SOLUTIONS (MITSOL) LIMITED
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
30,652
11,964
Creditors: amounts falling due within one year
(20,223)
(3,080)
Net current assets
10,684
9,007
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
MARCHANT IT SOLUTIONS (MITSOL) LIMITED
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 August 2023
502
39,290
39,792
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
At 31 August 2023
276
238
514
At 31 August 2022
356
774
1,130
MARCHANT IT SOLUTIONS (MITSOL) LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
123
123
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
12,256
2,743
Loans from directors
124
83
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).