IRIS Accounts Production v24.1.0.578 03919037 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039190372023-03-31039190372024-03-31039190372023-04-012024-03-31039190372022-03-31039190372022-04-012023-03-31039190372023-03-3103919037ns15:EnglandWales2023-04-012024-03-3103919037ns14:PoundSterling2023-04-012024-03-3103919037ns10:Director12023-04-012024-03-3103919037ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103919037ns10:SmallEntities2023-04-012024-03-3103919037ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103919037ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103919037ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103919037ns10:FullAccounts2023-04-012024-03-3103919037ns10:OrdinaryShareClass12023-04-012024-03-3103919037ns10:Director22023-04-012024-03-3103919037ns10:RegisteredOffice2023-04-012024-03-3103919037ns5:CurrentFinancialInstruments2024-03-3103919037ns5:CurrentFinancialInstruments2023-03-3103919037ns5:ShareCapital2024-03-3103919037ns5:ShareCapital2023-03-3103919037ns5:RetainedEarningsAccumulatedLosses2024-03-3103919037ns5:RetainedEarningsAccumulatedLosses2023-03-3103919037ns5:FurnitureFittings2023-04-012024-03-3103919037ns5:ComputerEquipment2023-04-012024-03-3103919037ns5:FurnitureFittings2023-03-3103919037ns5:ComputerEquipment2023-03-3103919037ns5:FurnitureFittings2024-03-3103919037ns5:ComputerEquipment2024-03-3103919037ns5:FurnitureFittings2023-03-3103919037ns5:ComputerEquipment2023-03-3103919037ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 03919037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Managing It Projects Ltd

Managing It Projects Ltd (Registered number: 03919037)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Managing It Projects Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J E Rogers
Mrs A J Rogers





REGISTERED OFFICE: 19 Salix Court
Up Hatherley
Cheltenham
Gloucestershire
GL51 3WH





REGISTERED NUMBER: 03919037 (England and Wales)





ACCOUNTANTS: Blue Sky Accounting Ltd
136 Wedmore Park
Southdown
Bath
BA2 1LA

Managing It Projects Ltd (Registered number: 03919037)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 730 972

CURRENT ASSETS
Debtors 5 6,900 8,820
Cash at bank 23,049 40,693
29,949 49,513
CREDITORS
Amounts falling due within one year 6 9,993 12,483
NET CURRENT ASSETS 19,956 37,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,686

38,002

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 20,676 37,992
SHAREHOLDERS' FUNDS 20,686 38,002

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.

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 6 September 2024 and were signed on its behalf by:





J E Rogers - Director


Managing It Projects Ltd (Registered number: 03919037)

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

1. STATUTORY INFORMATION

Managing It Projects 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Managing It Projects Ltd (Registered number: 03919037)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 458 8,396 8,854
DEPRECIATION
At 1 April 2023 264 7,618 7,882
Charge for year 48 194 242
At 31 March 2024 312 7,812 8,124
NET BOOK VALUE
At 31 March 2024 146 584 730
At 31 March 2023 194 778 972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,900 8,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,237 779
Social security and other taxes 543 516
VAT 3,553 9,378
Directors' loan accounts 655 805
Accruals and deferred income 1,005 1,005
9,993 12,483

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2023 - £20,000) were paid to the directors .