Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08327375 Mr Tony Pierson director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08327375 2022-12-31 08327375 2023-12-31 08327375 2023-01-01 2023-12-31 08327375 frs-core:CurrentFinancialInstruments 2023-12-31 08327375 frs-core:FurnitureFittings 2023-12-31 08327375 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08327375 frs-core:FurnitureFittings 2022-12-31 08327375 frs-core:ShareCapital 2023-12-31 08327375 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08327375 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08327375 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08327375 frs-bus:SmallEntities 2023-01-01 2023-12-31 08327375 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08327375 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08327375 1 2023-01-01 2023-12-31 08327375 frs-bus:Director1 2023-01-01 2023-12-31 08327375 frs-countries:EnglandWales 2023-01-01 2023-12-31 08327375 2021-12-31 08327375 2022-12-31 08327375 2022-01-01 2022-12-31 08327375 frs-core:CurrentFinancialInstruments 2022-12-31 08327375 frs-core:ShareCapital 2022-12-31 08327375 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08327375
It One Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08327375
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,284 1,605
1,284 1,605
CURRENT ASSETS
Cash at bank and in hand 160,751 180,467
160,751 180,467
Creditors: Amounts Falling Due Within One Year 5 (11,436 ) (31,436 )
NET CURRENT ASSETS (LIABILITIES) 149,315 149,031
TOTAL ASSETS LESS CURRENT LIABILITIES 150,599 150,636
NET ASSETS 150,599 150,636
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 150,499 150,536
SHAREHOLDERS' FUNDS 150,599 150,636
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tony Pierson
Director
23 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
It One Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08327375 . The registered office is 72 Lawrence Drive, Ickenham, Uxbridge, UB10 8RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Interest income
Revenue is recognised as interest accrues using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture, fixtures and equipment 20% reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 1 January 2023 11,709
As at 31 December 2023 11,709
Depreciation
As at 1 January 2023 10,104
Provided during the period 321
As at 31 December 2023 10,425
Net Book Value
As at 31 December 2023 1,284
As at 1 January 2023 1,605
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 360 360
Director's loan account 11,076 31,076
11,436 31,436
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in creditors due within one year is an amount of £11,076 (2022: £31,076 ) owed to its director. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
Page 3