Registered number
05152472
Interactive Technical Solutions Limited
Unaudited Filleted Accounts
31 May 2024
Interactive Technical Solutions Limited
Registered number: 05152472
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,385 38,135
Current assets
Debtors 4 307,875 226,336
Cash at bank and in hand 777,256 943,466
1,085,131 1,169,802
Creditors: amounts falling due within one year 5 (114,616) (195,237)
Net current assets 970,515 974,565
Total assets less current liabilities 1,001,900 1,012,700
Provisions for liabilities (7,584) (9,533)
Net assets 994,316 1,003,167
Capital and reserves
Called up share capital 200 200
Capital Redemption Reserve 100 100
Profit and loss account 994,016 1,002,867
Shareholders' funds 994,316 1,003,167
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Claire King
Director
Approved by the board on 24 July 2024
Interactive Technical Solutions Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 174,269
Additions 3,372
At 31 May 2024 177,641
Depreciation
At 1 June 2023 136,134
Charge for the year 10,122
At 31 May 2024 146,256
Net book value
At 31 May 2024 31,385
At 31 May 2023 38,135
4 Debtors 2024 2023
£ £
Trade debtors 285,746 189,881
Amounts Recoverable on Long Term Contracts 11,500 6,938
Prepayments 10,629 11,106
Other debtors - 18,411
307,875 226,336
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 45,640 770
Corporation tax - 95,267
Other taxes and social security costs 13,451 11,718
VAT 54,188 86,185
Accruals 1,150 1,110
Director's Current Account 187 187
114,616 195,237
6 Other information
Interactive Technical Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 York Place
Knaresborough
HG5 0AA
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