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Company Registration No. 06034836 (England and Wales)
IT3000 Limited Unaudited accounts for the year ended 31 December 2023
IT3000 Limited Unaudited accounts Contents
Page
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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
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IT3000 Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
12,000 
Tangible assets
150,834 
152,054 
150,834 
164,054 
Current assets
Inventories
18,880 
67,888 
Debtors
141,651 
150,316 
Cash at bank and in hand
456,491 
490,630 
617,022 
708,834 
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 
Capital and reserves
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
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IT3000 Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
40,000 
At 31 December 2023
40,000 
Amortisation
At 1 January 2023
28,000 
Charge for the year
12,000 
At 31 December 2023
40,000 
Net book value
At 31 December 2023
- 
At 31 December 2022
12,000 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
133,326 
133,511 
Accrued income and prepayments
5,712 
13,893 
Other debtors
2,613 
2,912 
141,651 
150,316 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,390 
57,367 
VAT
74,793 
51,371 
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 
Accruals
1,423 
17,840 
142,461 
262,786 
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 
155,745 
131,220 
9
Average number of employees
During the year the average number of employees was 18 (2022: 18).
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