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REGISTERED NUMBER: 06672789 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 September 2023

for

Rowton IT Solutions Limited

Rowton IT Solutions Limited (Registered number: 06672789)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rowton IT Solutions Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S M J Bradshaw





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 06672789 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Rowton IT Solutions Limited (Registered number: 06672789)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,118 25,503

CURRENT ASSETS
Debtors 5 317,442 295,706
Cash at bank 212,503 163,924
529,945 459,630
CREDITORS
Amounts falling due within one year 6 269,007 258,380
NET CURRENT ASSETS 260,938 201,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,056

226,753

PROVISIONS FOR LIABILITIES 7,620 4,841
NET ASSETS 293,436 221,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 293,336 221,812
SHAREHOLDERS' FUNDS 293,436 221,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 September 2024 and were signed by:





S M J Bradshaw - Director


Rowton IT Solutions Limited (Registered number: 06672789)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Rowton IT Solutions Limited 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 - 20% on cost
Computer equipment - 33% on cost

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 7 (2022 - 5 ) .

Rowton IT Solutions Limited (Registered number: 06672789)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 705 - 127,959 128,664
Additions - 31,452 11,355 42,807
At 30 September 2023 705 31,452 139,314 171,471
DEPRECIATION
At 1 October 2022 705 - 102,456 103,161
Charge for year - 6,290 21,902 28,192
At 30 September 2023 705 6,290 124,358 131,353
NET BOOK VALUE
At 30 September 2023 - 25,162 14,956 40,118
At 30 September 2022 - - 25,503 25,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,188 127,777
Other debtors 150,254 167,929
317,442 295,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,864 49,392
Taxation and social security 104,367 57,393
Other creditors 115,776 151,595
269,007 258,380

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
S M J Bradshaw
Balance outstanding at start of year 88,439 81,609
Amounts advanced 100,830 88,830
Amounts repaid (89,000 ) (82,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,269 88,439