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
I's & T's BUSINESS SOLUTIONS LIMITED
Company Information
for the year ended 31 October 2023
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
I's & T's BUSINESS SOLUTIONS LIMITED
Statement of financial position
as at 31 October 2023
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
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
I's & T's BUSINESS SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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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.
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.
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Creditors: amounts falling due within one year
2023
2022
Loans from directors
38,492
31,042
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).