Company Registration No. 8009597 (England and Wales)
Tortoise IT Limited
Unaudited accounts
for the year ended 31 March 2023
Tortoise IT Limited
Unaudited accounts
Contents
Tortoise IT Limited
Company Information
for the year ended 31 March 2023
Company Number
8009597 (England and Wales)
Registered Office
14 Ullswater Avenue
Crewe
Cheshire
CW2 8QQ
England
Accountants
The Small Business Service
Hannah Barton
Waters' Edge
Ashton Keynes
Wiltshire
SN6 6PA
Tortoise IT Limited
Statement of financial position
as at 31 March 2023
Tangible assets
2,521
3,362
Cash at bank and in hand
33,407
38,801
Creditors: amounts falling due within one year
(11,864)
(16,641)
Net current assets
21,543
25,443
Total assets less current liabilities
24,064
28,805
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
23,964
28,137
Shareholders' funds
24,064
28,237
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 9 November 2023 and were signed on its behalf by
Sean Barton
Director
Company Registration No. 8009597
Tortoise IT Limited
Notes to the Accounts
for the year ended 31 March 2023
Tortoise IT Limited is a private company, limited by shares, registered in England and Wales, registration number 8009597. The registered office is 14 Ullswater Avenue, Crewe, Cheshire, CW2 8QQ, England.
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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tortoise IT Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
500
5,069
5,569
At 31 March 2023
500
5,069
5,569
At 1 April 2022
125
2,082
2,207
Charge for the year
94
747
841
At 31 March 2023
219
2,829
3,048
At 31 March 2023
281
2,240
2,521
At 31 March 2022
375
2,987
3,362
Amounts falling due within one year
Accrued income and prepayments
-
3,283
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,924
13,734
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).