IT ACTION LIMITED

Company Registration Number:
03770892 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

IT ACTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

IT ACTION LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 3,119 3,119
Tangible assets: 4 34,238 40,667
Total fixed assets: 37,357 43,786
Current assets
Stocks: 920 125,568
Debtors:   948,859 359,619
Cash at bank and in hand: 151,927 414,067
Total current assets: 1,101,706 899,254
Creditors: amounts falling due within one year:   (490,748) (211,207)
Net current assets (liabilities): 610,958 688,047
Total assets less current liabilities: 648,315 731,833
Creditors: amounts falling due after more than one year:   (39,594) (49,113)
Total net assets (liabilities): 608,721 682,720
Capital and reserves
Called up share capital: 15,100 15,100
Profit and loss account: 593,621 667,620
Shareholders funds: 608,721 682,720

The notes form part of these financial statements

IT ACTION LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Mr Y.N. PATEL
Status: Director

The notes form part of these financial statements

IT ACTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IT ACTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 4 4

IT ACTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible Assets

Total
Cost £
At 01 August 2022 3,119
At 31 July 2023 3,119
Net book value
At 31 July 2023 3,119
At 31 July 2022 3,119

IT ACTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
At 01 August 2022 396,395
Additions 4,984
At 31 July 2023 401,379
Depreciation
At 01 August 2022 355,728
Charge for year 11,413
At 31 July 2023 367,141
Net book value
At 31 July 2023 34,238
At 31 July 2022 40,667