IT and Marketing Solutions Limited 06195052 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Computer related activities Digita Accounts Production Advanced 6.30.9574.0 true Mr Lee McMichael Mrs Sarah McMichael 06195052 2022-06-01 2023-05-31 06195052 2023-05-31 06195052 bus:OrdinaryShareClass1 2023-05-31 06195052 core:RetainedEarningsAccumulatedLosses 2023-05-31 06195052 core:ShareCapital 2023-05-31 06195052 core:CurrentFinancialInstruments 2023-05-31 06195052 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06195052 bus:FRS102 2022-06-01 2023-05-31 06195052 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06195052 bus:FullAccounts 2022-06-01 2023-05-31 06195052 bus:RegisteredOffice 2022-06-01 2023-05-31 06195052 bus:Director1 2022-06-01 2023-05-31 06195052 bus:Director2 2022-06-01 2023-05-31 06195052 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06195052 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 06195052 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06195052 core:FurnitureFittings 2022-06-01 2023-05-31 06195052 core:OfficeEquipment 2022-06-01 2023-05-31 06195052 countries:EnglandWales 2022-06-01 2023-05-31 06195052 2022-05-31 06195052 bus:OrdinaryShareClass1 2022-05-31 06195052 core:RetainedEarningsAccumulatedLosses 2022-05-31 06195052 core:ShareCapital 2022-05-31 06195052 core:CurrentFinancialInstruments 2022-05-31 06195052 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06195052

IT and Marketing Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

IT and Marketing Solutions Limited

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

IT and Marketing Solutions Limited

(Registration number: 06195052)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

11

11

Cash at bank and in hand

 

14,000

14,000

 

14,011

14,011

Creditors: Amounts falling due within one year

(13,146)

(13,146)

Net assets

 

865

865

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

863

863

Shareholders' funds

 

865

865

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 February 2024 and signed on its behalf by:
 

.........................................
Mr Lee McMichael
Director

.........................................
Mrs Sarah McMichael
Director

 

IT and Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
275 Down Road
Portishead
Bristol
BS20 8HY

These financial statements were authorised for issue by the Board on 8 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Asset class

Depreciation method and rate

Furniture and fittings

20% reducing balance

Office equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

IT and Marketing Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Debtors

Current

2023
£

2022
£

Other debtors

11

11

 

11

11

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

14,000

14,000

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2