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REGISTERED NUMBER: 07322645 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

IT Smart Consultancy Limited

IT Smart Consultancy Limited (Registered number: 07322645)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IT Smart Consultancy Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S P Galley





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 07322645 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

IT Smart Consultancy Limited (Registered number: 07322645)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,671 266

CURRENT ASSETS
Debtors 5 6,000 2,820
Cash at bank 188,391 159,150
194,391 161,970
CREDITORS
Amounts falling due within one year 6 54,647 40,229
NET CURRENT ASSETS 139,744 121,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,415

122,007

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 141,413 122,005
SHAREHOLDERS' FUNDS 141,415 122,007

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2024 and were signed by:





S P Galley - Director


IT Smart Consultancy Limited (Registered number: 07322645)

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

1. STATUTORY INFORMATION

IT Smart Consultancy Limited is a private company, limited by shares , registered in England and Wales. 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.
Computer equipment - 33% straight line

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 2,467
Additions 2,307
Disposals (2,068 )
At 31 July 2023 2,706
DEPRECIATION
At 1 August 2022 2,201
Charge for year 902
Eliminated on disposal (2,068 )
At 31 July 2023 1,035
NET BOOK VALUE
At 31 July 2023 1,671
At 31 July 2022 266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 6,000 2,820

IT Smart Consultancy Limited (Registered number: 07322645)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 85 -
Taxation and social security 11,892 3,054
Other creditors 42,670 37,175
54,647 40,229

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1
1 Ordinary 'B' £1 1 1
2 2