Registered number
06349952
Clever Dick IT Solutions Ltd
Filleted Accounts
31 August 2024
Clever Dick IT Solutions Ltd
Registered number: 06349952
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 505 433
Investments 4 20,000 10,000
20,505 10,433
Current assets
Cash at bank and in hand 37,896 85,620
Creditors: amounts falling due within one year 5 (7,277) (6,963)
Net current assets 30,619 78,657
Net assets 51,124 89,090
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,024 88,990
Shareholder's funds 51,124 89,090
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr James Dick
Director
Approved by the board on 23 October 2024
Clever Dick IT Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Mobile telephone 50% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Mobile telephone Total
£ £ £
Cost
At 1 September 2023 4,879 2,263 7,142
Additions 270 649 919
At 31 August 2024 5,149 2,912 8,061
Depreciation
At 1 September 2023 4,446 2,263 6,709
Charge for the year 523 324 847
At 31 August 2024 4,969 2,587 7,556
Net book value
At 31 August 2024 180 325 505
At 31 August 2023 433 - 433
4 Investments
Other
investments
£
Cost
At 1 September 2023 10,000
Additions 10,000
At 31 August 2024 20,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,125 1,125
Other creditors 6,152 5,838
7,277 6,963
6 Other information
Clever Dick IT Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
303 Leigh Road
Chandlers Ford
Eastleigh
Hants
SO53 3AS
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