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REGISTERED NUMBER: 04251701 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

IT Enterprise Limited

IT Enterprise Limited (Registered number: 04251701)






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 Enterprise Limited

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: Mr T De Vos
Mrs S De Vos





SECRETARY: Mrs S De Vos





REGISTERED OFFICE: 9 Georgeham Road
Sandhurst
GU47 0YR





REGISTERED NUMBER: 04251701 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

IT Enterprise Limited (Registered number: 04251701)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 660 1,571
Investments 5 139,346 139,346
140,006 140,917

CURRENT ASSETS
Debtors 6 113,264 111,642
Cash at bank 10,289 50,544
123,553 162,186
CREDITORS
Amounts falling due within one year 7 (10,027 ) (42,127 )
NET CURRENT ASSETS 113,526 120,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,532

260,976

CREDITORS
Amounts falling due after more than one year 8 (20,114 ) -
NET ASSETS 233,418 260,976

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 233,416 260,974
SHAREHOLDERS' FUNDS 233,418 260,976

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 directors acknowledge their 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 Enterprise Limited (Registered number: 04251701)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr T De Vos - Director


IT Enterprise Limited (Registered number: 04251701)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

IT Enterprise 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 4,263 26,448 30,711
DEPRECIATION
At 1 August 2022 3,656 25,484 29,140
Charge for year 202 709 911
At 31 July 2023 3,858 26,193 30,051
NET BOOK VALUE
At 31 July 2023 405 255 660
At 31 July 2022 607 964 1,571

5. FIXED ASSET INVESTMENTS

31.7.23 31.7.22
£    £   
Shares in group undertakings 2 2
Other investments not loans 139,344 139,344
139,346 139,346

IT Enterprise Limited (Registered number: 04251701)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 2 3,750 3,752
NET BOOK VALUE
At 31 July 2023 2 3,750 3,752
At 31 July 2022 2 3,750 3,752

Investments (neither listed nor unlisted) were as follows:
31.7.23 31.7.22
£    £   
Research and development costs 135,594 135,594

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 3,062 2,508
VAT 568 -
3,630 2,508

Amounts falling due after more than one year:
Amounts owed by group undertakings 109,634 109,134

Aggregate amounts 113,264 111,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax - 1,653
VAT - 447
Other Loan 10,000 40,000
Directors' current accounts 27 27
10,027 42,127

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Other loan more than a year 20,114 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors of the company.