Company Registration No. 06034836 (England and Wales)
IT3000 Limited
Unaudited accounts
for the year ended 31 December 2023
IT3000 Limited
Unaudited accounts
Contents
IT3000 Limited
Company Information
for the year ended 31 December 2023
Directors
DAVID EVANS
SAM WALSH
PETER WHEATLEY
Company Number
06034836 (England and Wales)
Registered Office
THE BARN BRIDGE FARM
HOLT LANE
ASHBY MAGNA
LEICESTERSHIRE
LE17 5NJ
ENGLAND
Accountants
The Business Hut Ltd
Millers House
Roman Way
Market Harborough
Leicestershire
LE16 7PQ
IT3000 Limited
Statement of financial position
as at 31 December 2023
Intangible assets
-
12,000
Tangible assets
150,834
152,054
Cash at bank and in hand
456,491
490,630
Creditors: amounts falling due within one year
(142,461)
(262,786)
Net current assets
474,561
446,048
Total assets less current liabilities
625,395
610,102
Creditors: amounts falling due after more than one year
(155,745)
(131,220)
Net assets
469,650
478,882
Called up share capital
102
102
Profit and loss account
469,548
478,780
Shareholders' funds
469,650
478,882
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 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 18 September 2024 and were signed on its behalf by
DAVID EVANS
Director
Company Registration No. 06034836
IT3000 Limited
Notes to the Accounts
for the year ended 31 December 2023
IT3000 Limited is a private company, limited by shares, registered in England and Wales, registration number 06034836. The registered office is THE BARN BRIDGE FARM, HOLT LANE, ASHBY MAGNA, LEICESTERSHIRE, LE17 5NJ, ENGLAND.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2023
40,000
Charge for the year
12,000
At 31 December 2023
40,000
At 31 December 2022
12,000
IT3000 Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
4,106
142,172
37,840
155,368
339,486
Additions
-
29,290
-
14,310
43,600
At 31 December 2023
4,106
171,462
37,840
169,678
383,086
At 1 January 2023
2,278
41,723
33,518
109,913
187,432
Charge for the year
-
26,942
1,082
14,968
42,992
On disposals
1,828
-
-
-
1,828
At 31 December 2023
4,106
68,665
34,600
124,881
232,252
At 31 December 2023
-
102,797
3,240
44,797
150,834
At 31 December 2022
1,828
100,449
4,322
45,455
152,054
Amounts falling due within one year
Trade debtors
133,326
133,511
Accrued income and prepayments
5,712
13,893
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,390
57,367
Obligations under finance leases and hire purchase contracts
-
7,510
Trade creditors
67,700
88,582
Taxes and social security
25,410
24,460
Other creditors
2,273
2,286
Loans from directors
(37,528)
13,370
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
113,692
112,446
Obligations under finance leases and hire purchase contracts
42,053
18,774
9
Average number of employees
During the year the average number of employees was 18 (2022: 18).