Company registration number 09210483 (England and Wales)
ITSIMPLE ANALYTICS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ITSIMPLE ANALYTICS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ITSIMPLE ANALYTICS LTD (REGISTERED NUMBER: 09210483)
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
248
330
Current assets
Debtors
4
756,923
602,353
Cash at bank and in hand
61,748
251,149
818,671
853,502
Creditors: amounts falling due within one year
5
(214,050)
(311,220)
Net current assets
604,621
542,282
Total assets less current liabilities
604,869
542,612
Creditors: amounts falling due after more than one year
6
(13,333)
(21,333)
Provisions for liabilities
(62)
(82)
Net assets
591,474
521,197
Capital and reserves
Called up share capital
7
111
111
Profit and loss reserves
591,363
521,086
Total equity
591,474
521,197
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ITSIMPLE ANALYTICS LTD (REGISTERED NUMBER: 09210483)
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 March 2024
Ms A Savvidou
Director
ITSIMPLE ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
itSimple Analytics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Perrys, The Square, Wrotham, Kent, TN15 7AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention.
1.2
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ITSIMPLE ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 October 2022 and 30 September 2023
1,043
Depreciation and impairment
At 1 October 2022
713
Depreciation charged in the year
82
At 30 September 2023
795
Carrying amount
At 30 September 2023
248
At 30 September 2022
330
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,200
78,660
Other debtors
743,723
523,693
756,923
602,353
ITSIMPLE ANALYTICS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
8,000
8,000
Trade creditors
17,145
8,700
Taxation and social security
30,492
116,745
Other creditors
158,413
177,775
214,050
311,220
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,333
21,333
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
Ordinary B of £1 each
11
11
11
11
111
111
111
111
8
Related party transactions
Within other debtors is a balance of £742,850 (2022: £522,850) owed by a connected company.
Within creditors is a balance of £13,996 (2022: £8,698) owed to a connected company.