Company Registration No. 09923046 (England and Wales)
IT Improve Ltd.
Unaudited accounts
for the year ended 31 March 2024
IT Improve Ltd.
Unaudited accounts
Contents
IT Improve Ltd.
Company Information
for the year ended 31 March 2024
Company Number
09923046 (England and Wales)
Registered Office
2 ASHLEAF CLOSE
HADDENHAM
ELY
CAMBRIDGESHIRE
CB6 3GZ
UNITED KINGDOM
Accountants
Weir Associates Ltd
Allia Futures Business Centre
Kings Hedges Road
Cambridge
CB4 2HY
IT Improve Ltd.
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
31,560
46,529
Creditors: amounts falling due within one year
(24,986)
(40,517)
Net current assets
28,888
26,046
Total assets less current liabilities
29,781
27,206
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
29,585
26,954
Shareholders' funds
29,586
26,955
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 21 October 2024 and were signed on its behalf by
Tina Davenport
Director
Company Registration No. 09923046
IT Improve Ltd.
Notes to the Accounts
for the year ended 31 March 2024
IT Improve Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09923046. The registered office is 2 ASHLEAF CLOSE, HADDENHAM, ELY, CAMBRIDGESHIRE, CB6 3GZ, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
3 Years
Computer equipment
3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
IT Improve Ltd.
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
660
694
1,354
At 31 March 2024
660
963
1,623
At 1 April 2023
78
116
194
Charge for the year
220
316
536
At 31 March 2024
298
432
730
At 31 March 2024
362
531
893
At 31 March 2023
582
578
1,160
Amounts falling due within one year
Trade debtors
12,600
10,773
Accrued income and prepayments
214
2,114
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17,466
14,057
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
7,147
30,500
28,147
9,500
7,147
30,500
28,147
9,500
Loans to directors are unsecured, interest free and repayable on demand
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).