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Company Registration No. 07802797 (England and Wales)
I's & T's BUSINESS SOLUTIONS LIMITED Unaudited accounts for the year ended 31 October 2023
I's & T's BUSINESS SOLUTIONS LIMITED Unaudited accounts Contents
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I's & T's BUSINESS SOLUTIONS LIMITED Company Information for the year ended 31 October 2023
Director
Nathan Hayton
Company Number
07802797 (England and Wales)
Registered Office
Chalfont St Peter SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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I's & T's BUSINESS SOLUTIONS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
59,557 
65,281 
Creditors: amounts falling due within one year
(39,107)
(32,272)
Net current assets
20,450 
33,009 
Net assets
20,450 
33,009 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,350 
32,909 
Shareholders' funds
20,450 
33,009 
For the year ending 31 October 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 19 February 2024 and were signed on its behalf by
Nathan Hayton Director Company Registration No. 07802797
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I's & T's BUSINESS SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
I's & T's BUSINESS SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07802797. The registered office is Chalfont St Peter, SL9 9QL, United Kingdom.
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 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.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
38,492 
31,042 
Accruals
615 
1,230 
39,107 
32,272 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Loans to directors
At 31st October 2023 the director was owed £ 38,492 (2022 - £31,043). This is an interest bearing loan repayable on demand. During the year £998 interest was charged to the company.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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