IRIS Accounts Production v24.3.0.553 04296864 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042968642023-03-31042968642024-03-31042968642023-04-012024-03-31042968642022-03-31042968642022-04-012023-03-31042968642023-03-3104296864ns15:EnglandWales2023-04-012024-03-3104296864ns14:PoundSterling2023-04-012024-03-3104296864ns10:Director12023-04-012024-03-3104296864ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104296864ns10:SmallEntities2023-04-012024-03-3104296864ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104296864ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104296864ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104296864ns10:FullAccounts2023-04-012024-03-310429686412023-04-012024-03-3104296864ns10:OrdinaryShareClass12023-04-012024-03-3104296864ns10:OrdinaryShareClass22023-04-012024-03-3104296864ns10:OrdinaryShareClass32023-04-012024-03-3104296864ns10:CompanySecretary12023-04-012024-03-3104296864ns10:RegisteredOffice2023-04-012024-03-3104296864ns5:CurrentFinancialInstruments2024-03-3104296864ns5:CurrentFinancialInstruments2023-03-3104296864ns5:Non-currentFinancialInstruments2024-03-3104296864ns5:Non-currentFinancialInstruments2023-03-3104296864ns5:ShareCapital2024-03-3104296864ns5:ShareCapital2023-03-3104296864ns5:SharePremium2024-03-3104296864ns5:SharePremium2023-03-3104296864ns5:RetainedEarningsAccumulatedLosses2024-03-3104296864ns5:RetainedEarningsAccumulatedLosses2023-03-3104296864ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104296864ns5:ComputerSoftware2023-04-012024-03-3104296864ns5:FurnitureFittings2023-04-012024-03-3104296864ns5:MotorVehicles2023-04-012024-03-3104296864ns5:NetGoodwill2023-03-3104296864ns5:ComputerSoftware2023-03-3104296864ns5:NetGoodwill2023-04-012024-03-3104296864ns5:NetGoodwill2024-03-3104296864ns5:ComputerSoftware2024-03-3104296864ns5:NetGoodwill2023-03-3104296864ns5:ComputerSoftware2023-03-3104296864ns5:FurnitureFittings2023-03-3104296864ns5:MotorVehicles2023-03-3104296864ns5:FurnitureFittings2024-03-3104296864ns5:MotorVehicles2024-03-3104296864ns5:FurnitureFittings2023-03-3104296864ns5:MotorVehicles2023-03-3104296864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104296864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104296864ns5:WithinOneYear2024-03-3104296864ns5:WithinOneYear2023-03-3104296864ns5:BetweenOneFiveYears2024-03-3104296864ns5:BetweenOneFiveYears2023-03-3104296864ns5:AllPeriods2024-03-3104296864ns5:AllPeriods2023-03-3104296864ns5:DeferredTaxation2023-03-3104296864ns5:DeferredTaxation2024-03-3104296864ns10:OrdinaryShareClass12024-03-3104296864ns10:OrdinaryShareClass22024-03-3104296864ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 04296864 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

I T Builder Limited

I T Builder Limited (Registered number: 04296864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I T Builder Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J A Naylor





SECRETARY: Mrs C Marcellis





REGISTERED OFFICE: Great Northern Works
Unit 2A Hartham Lane
Hertford
SG14 1QN





REGISTERED NUMBER: 04296864 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

I T Builder Limited (Registered number: 04296864)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 484 -
Tangible assets 5 126,584 149,699
127,068 149,699

CURRENT ASSETS
Stocks 2,482 3,776
Debtors 6 619,226 370,830
Cash at bank 730,231 678,905
1,351,939 1,053,511
CREDITORS
Amounts falling due within one year 7 466,788 489,285
NET CURRENT ASSETS 885,151 564,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,219

713,925

CREDITORS
Amounts falling due after more than one
year

8

(15,642

)

(25,763

)

PROVISIONS FOR LIABILITIES 10 (21,141 ) (24,614 )
NET ASSETS 975,436 663,548

CAPITAL AND RESERVES
Called up share capital 11 1,002 1,002
Share premium 18 18
Retained earnings 974,416 662,528
SHAREHOLDERS' FUNDS 975,436 663,548

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 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.

I T Builder Limited (Registered number: 04296864)

Balance Sheet - continued
31 March 2024


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 13 September 2024 and were signed by:





Mr J A Naylor - Director


I T Builder Limited (Registered number: 04296864)

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

1. STATUTORY INFORMATION

I T Builder 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 20% on cost, 10% on cost and Straight line over 7 years
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

I T Builder Limited (Registered number: 04296864)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2023 34,500 - 34,500
Additions - 722 722
Disposals (34,500 ) - (34,500 )
At 31 March 2024 - 722 722
AMORTISATION
At 1 April 2023 34,500 - 34,500
Amortisation for year - 238 238
Eliminated on disposal (34,500 ) - (34,500 )
At 31 March 2024 - 238 238
NET BOOK VALUE
At 31 March 2024 - 484 484
At 31 March 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures,
Fittings Motor
& Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 196,690 101,432 298,122
Additions 21,252 - 21,252
Disposals (5,564 ) - (5,564 )
At 31 March 2024 212,378 101,432 313,810
DEPRECIATION
At 1 April 2023 101,533 46,890 148,423
Charge for year 28,272 15,221 43,493
Eliminated on disposal (4,690 ) - (4,690 )
At 31 March 2024 125,115 62,111 187,226
NET BOOK VALUE
At 31 March 2024 87,263 39,321 126,584
At 31 March 2023 95,157 54,542 149,699

I T Builder Limited (Registered number: 04296864)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 525,229 281,868
Other debtors 93,997 88,962
619,226 370,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,120 9,870
Trade creditors 119,684 185,095
Taxation and social security 208,431 151,985
Other creditors 128,553 142,335
466,788 489,285

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,642 25,763

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 24,145 24,145
Between one and five years 64,386 88,530
88,531 112,675

Operating lease payments recognised as an expense in the year totalled £24,145 (2023: £24,145)

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 21,141 24,614

Deferred
tax
£   
Balance at 1 April 2023 24,614
Accelerated Capital Allowances (3,473 )
Balance at 31 March 2024 21,141

I T Builder Limited (Registered number: 04296864)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1,002 1,002

12. RELATED PARTY DISCLOSURES

The company is controlled by its director, Mr Naylor.