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Company Registration No. 4366186 (England and Wales)
Required IT Limited Unaudited accounts for the year ended 29 February 2024
Required IT Limited Unaudited accounts Contents
Page
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Required IT Limited Company Information for the year ended 29 February 2024
Directors
Alex Schramm Oliver Small
Company Number
4366186 (England and Wales)
Registered Office
Unit 2 Beverley Court 26 Elmtree Road Teddington Middx TW11 8ST
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Required IT Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Required IT Limited for the year ended 29 February 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants 31 August 2024
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Required IT Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
165 
25 
Current assets
Debtors
302,233 
710,681 
Cash at bank and in hand
64,359 
17,142 
366,592 
727,823 
Creditors: amounts falling due within one year
(129,083)
(331,089)
Net current assets
237,509 
396,734 
Total assets less current liabilities
237,674 
396,759 
Creditors: amounts falling due after more than one year
(186,450)
(336,464)
Provisions for liabilities
Deferred tax
(5)
(5)
Net assets
51,219 
60,290 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
50,819 
59,890 
Shareholders' funds
51,219 
60,290 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Alex Schramm Director Company Registration No. 4366186
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Required IT Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Required IT Limited is a private company, limited by shares, registered in England and Wales, registration number 4366186. The registered office is Unit 2 Beverley Court, 26 Elmtree Road, Teddington, Middx, TW11 8ST.
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:
Land & buildings
25% Straight Line Basis
Plant & machinery
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
87,635 
Additions
217 
At 29 February 2024
87,852 
Depreciation
At 1 March 2023
87,610 
Charge for the year
77 
At 29 February 2024
87,687 
Net book value
At 29 February 2024
165 
At 28 February 2023
25 
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Required IT Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
239,775 
643,781 
Accrued income and prepayments
9,394 
13,836 
Other debtors
8,858 
8,858 
258,027 
666,475 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
44,206 
44,206 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,006 
9,220 
VAT
14,146 
(15,371)
Trade creditors
- 
3,037 
Taxes and social security
(5,014)
28,581 
Other creditors
105,375 
300,676 
Loans from directors
- 
1 
Accruals
3,570 
4,945 
129,083 
331,089 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,661 
25,780 
Trade creditors
136,388 
276,283 
Amounts owed to group undertakings and other participating interests
63,001 
63,001 
Other creditors
(28,600)
(28,600)
186,450 
336,464 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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