Company Registration No. 13173769 (England and Wales)
REMODEL IT LTD
Unaudited accounts
for the year ended 29 February 2024
REMODEL IT LTD
Unaudited accounts
Contents
REMODEL IT LTD
Statement of financial position
as at 29 February 2024
Intangible assets
8,610
9,840
Tangible assets
9,234
11,425
Cash at bank and in hand
11,385
42,459
Creditors: amounts falling due within one year
(31,700)
(66,671)
Net current liabilities
(20,315)
(23,828)
Net liabilities
(2,471)
(2,563)
Called up share capital
110
100
Profit and loss account
(2,581)
(2,663)
Shareholders' funds
(2,471)
(2,563)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by
Gary Abrahams
Director
Company Registration No. 13173769
REMODEL IT LTD
Notes to the Accounts
for the year ended 29 February 2024
REMODEL IT LTD is a private company, limited by shares, registered in England and Wales, registration number 13173769. The registered office is 85 Great Portland Street, First Floor, London, England, W1W 7LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The financial statements have been prepared on a going concern basis which assumes that the company will continue in existence for the foreseeable future. This is based on the assumption that continued support will be provided by the directors and loan providers to ensure sufficient finance is available to enable the company to meet its debts as they fall due. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets tco their recoverable amount and provide for any further liabilities that may arise.
4
Intangible fixed assets
Goodwill
At 29 February 2024
12,300
REMODEL IT LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
14,175
7,200
1,323
22,698
Additions
2,046
-
1,726
3,772
At 29 February 2024
16,221
7,200
3,049
26,470
At 1 March 2023
7,181
3,600
492
11,273
Charge for the year
3,650
1,800
513
5,963
At 29 February 2024
10,831
5,400
1,005
17,236
At 29 February 2024
5,390
1,800
2,044
9,234
At 28 February 2023
6,994
3,600
831
11,425
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,029
7,832
Loans from directors
24,517
51,684
8
Transactions with related parties
At the year end the Company owed £24,517 (2023 - £51,684) to the director G. Abrahams, in relation to an interest free loan which is repayable on demand.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).