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REGISTERED NUMBER: 03606934















Unaudited Financial Statements for the Year Ended 31 July 2023

for

IT Flexi Team Limited

IT Flexi Team Limited (Registered number: 03606934)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT Flexi Team Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R Crockett





SECRETARY: D M Crockett





REGISTERED OFFICE: 20 Market Place
Kingston Upon Thames
Surrey
KT1 1JP





REGISTERED NUMBER: 03606934





ACCOUNTANTS: Osbornes Accountants Limited
20 Market Place
Kingston upon Thames
Surrey
KT1 1JP

IT Flexi Team Limited (Registered number: 03606934)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 335 981

CURRENT ASSETS
Debtors 5 1,713 1,982
Cash at bank 50,000 53,534
51,713 55,516
CREDITORS
Amounts falling due within one year 6 (23,438 ) (19,511 )
NET CURRENT ASSETS 28,275 36,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,610

36,986

CREDITORS
Amounts falling due after more than one year 7 (40,616 ) (40,516 )
NET LIABILITIES (12,006 ) (3,530 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,008 ) (3,532 )
SHAREHOLDERS' FUNDS (12,006 ) (3,530 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IT Flexi Team Limited (Registered number: 03606934)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





R Crockett - Director


IT Flexi Team Limited (Registered number: 03606934)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

IT Flexi Team Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

IT Flexi Team Limited (Registered number: 03606934)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 1,948
DEPRECIATION
At 1 August 2022 967
Charge for year 646
At 31 July 2023 1,613
NET BOOK VALUE
At 31 July 2023 335
At 31 July 2022 981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,713 1,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,340 10,000
Taxation and social security 39 139
Other creditors 9,059 9,372
23,438 19,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 40,616 40,516