1 March 2023 false No description of principal activity Taxfiler 2024.4 true 13173769business:PrivateLimitedCompanyLtd2023-03-012024-02-29 131737692023-02-28 131737692023-03-012024-02-29 13173769business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 13173769business:FilletedAccounts2023-03-012024-02-29 131737692024-02-29 131737692023-02-28 13173769core:WithinOneYear2024-02-29 13173769core:WithinOneYear2023-02-28 13173769core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13173769core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13173769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13173769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13173769core:PreviouslyStatedAmount2024-02-29 13173769core:PreviouslyStatedAmount2023-02-28 13173769business:SmallEntities2023-03-012024-02-29 13173769business:Director12023-03-012024-02-29 13173769countries:EnglandWales2023-03-012024-02-29 13173769business:RegisteredOffice2023-03-012024-02-29 13173769core:Goodwill2023-02-28 13173769core:Goodwill2024-02-29 13173769core:Goodwill2023-03-012024-02-29 13173769core:PlantMachinery2023-02-28 13173769core:MotorVehicles2023-02-28 13173769core:ComputerEquipment2023-02-28 13173769core:PlantMachinery2023-03-012024-02-29 13173769core:MotorVehicles2023-03-012024-02-29 13173769core:ComputerEquipment2023-03-012024-02-29 13173769core:PlantMachinery2024-02-29 13173769core:MotorVehicles2024-02-29 13173769core:ComputerEquipment2024-02-29 131737692022-03-012023-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
REMODEL IT LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,610 
9,840 
Tangible assets
9,234 
11,425 
17,844 
21,265 
Current assets
Debtors
- 
384 
Cash at bank and in hand
11,385 
42,459 
11,385 
42,843 
Creditors: amounts falling due within one year
(31,700)
(66,671)
Net current liabilities
(20,315)
(23,828)
Net liabilities
(2,471)
(2,563)
Capital and reserves
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
- 3 -
REMODEL IT LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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 
£ 
Cost
At 1 March 2023
12,300 
At 29 February 2024
12,300 
Amortisation
At 1 March 2023
2,460 
Charge for the year
1,230 
At 29 February 2024
3,690 
Net book value
At 29 February 2024
8,610 
At 28 February 2023
9,840 
- 4 -
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 
Depreciation
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 
Net book value
At 29 February 2024
5,390 
1,800 
2,044 
9,234 
At 28 February 2023
6,994 
3,600 
831 
11,425 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
384 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,704 
5,018 
Trade creditors
1,850 
327 
Taxes and social security
1,029 
7,832 
Loans from directors
24,517 
51,684 
Accruals
1,600 
1,600 
Deferred income
- 
210 
31,700 
66,671 
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.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -