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
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
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
Required IT Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
64,359
17,142
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
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
Required IT Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
At 29 February 2024
87,852
At 29 February 2024
87,687
Required IT Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
239,775
643,781
Accrued income and prepayments
9,394
13,836
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
Taxes and social security
(5,014)
28,581
Other creditors
105,375
300,676
7
Creditors: amounts falling due after more than one year
2024
2023
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)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).