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REGISTERED NUMBER: 05731634 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

IT Focus Telemarketing Ltd

IT Focus Telemarketing Ltd (Registered number: 05731634)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT Focus Telemarketing Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J M S Abbott
Mrs S L Abbott
S Colwill
S J Davies





SECRETARY: Mrs S L Abbott





REGISTERED OFFICE: Suite B
Third Floor
Rowden Lane
Bradford-On-Avon
Wiltshire
BA15 2AU





REGISTERED NUMBER: 05731634 (England and Wales)





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

IT Focus Telemarketing Ltd (Registered number: 05731634)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,097 12,467

CURRENT ASSETS
Debtors 5 204,036 251,260
Cash at bank 166,024 86,445
370,060 337,705
CREDITORS
Amounts falling due within one year 6 363,157 334,898
NET CURRENT ASSETS 6,903 2,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,000

15,274

PROVISIONS FOR LIABILITIES 1,695 2,297
NET ASSETS 12,305 12,977

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 7 12,301 12,973
SHAREHOLDERS' FUNDS 12,305 12,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Focus Telemarketing Ltd (Registered number: 05731634)

Balance Sheet - continued
31 March 2024


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 17 September 2024 and were signed on its behalf by:




J M S Abbott - Director



Mrs S L Abbott - Director


IT Focus Telemarketing Ltd (Registered number: 05731634)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

IT Focus Telemarketing Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

IT Focus Telemarketing Ltd (Registered number: 05731634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,523 16,200 28,106 83,345 130,174
Additions - - - 2,397 2,397
Disposals (628 ) - - (591 ) (1,219 )
At 31 March 2024 1,895 16,200 28,106 85,151 131,352
DEPRECIATION
At 1 April 2023 1,896 16,155 18,199 81,457 117,707
Charge for year 398 20 5,902 1,406 7,726
Eliminated on disposal (628 ) - - (550 ) (1,178 )
At 31 March 2024 1,666 16,175 24,101 82,313 124,255
NET BOOK VALUE
At 31 March 2024 229 25 4,005 2,838 7,097
At 31 March 2023 627 45 9,907 1,888 12,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,740 233,367
Other debtors 24,296 17,893
204,036 251,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,663 29,754
Taxation and social security 131,922 138,656
Other creditors 168,572 166,488
363,157 334,898

IT Focus Telemarketing Ltd (Registered number: 05731634)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RESERVES
Retained
earnings
£   

At 1 April 2023 12,973
Profit for the year 179,328
Contribution to Employee
Ownership Trust (180,000 )
At 31 March 2024 12,301

8. ULTIMATE CONTROLLING PARTY

The controlling party is IT Focus Telemarketing Trustee Limited.

The controlling parties were Mr J Abbott and Mrs S Abbott who held 100% of the share capital until 26 July 2022. On this date, the entire issued share capital was acquired by IT Focus Telemarketing Trustee Limited as the sole corporate trustee of the employee ownership trust.