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Company Registration No. 10544919 (England and Wales)
IT-MSP LIMITED Unaudited accounts for the year ended 31 January 2024
IT-MSP LIMITED Unaudited accounts Contents
Page
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IT-MSP LIMITED Company Information for the year ended 31 January 2024
Director
Youssef BAIZA
Company Number
10544919 (England and Wales)
Registered Office
54 Montana Road London SW17 8SN United Kingdom
Accountants
RK Taxation Services 890 Garratt Lane London SW17 0NB
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IT-MSP LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,584 
5,730 
Current assets
Debtors
37,709 
18,019 
Cash at bank and in hand
3,600 
1,960 
41,309 
19,979 
Creditors: amounts falling due within one year
(10,640)
(1,417)
Net current assets
30,669 
18,562 
Total assets less current liabilities
35,253 
24,292 
Creditors: amounts falling due after more than one year
(35,000)
(40,000)
Net assets/(liabilities)
253 
(15,708)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
252 
(15,709)
Shareholders' funds
253 
(15,708)
For the year ending 31 January 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 his 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 31 October 2024 and were signed on its behalf by
Youssef BAIZA Director Company Registration No. 10544919
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IT-MSP LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
IT-MSP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10544919. The registered office is 54 Montana Road, London, SW17 8SN, 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.
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:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
18,274 
At 31 January 2024
18,274 
Depreciation
At 1 February 2023
12,544 
Charge for the year
1,146 
At 31 January 2024
13,690 
Net book value
At 31 January 2024
4,584 
At 31 January 2023
5,730 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
37,709 
18,019 
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IT-MSP LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,442 
817 
Taxes and social security
6,598 
- 
Accruals
600 
600 
10,640 
1,417 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,000 
40,000 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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