Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse2023-04-017No description of principal activity6true 05075875 2023-04-01 2024-03-31 05075875 2022-04-01 2023-03-31 05075875 2024-03-31 05075875 2023-03-31 05075875 c:Director1 2023-04-01 2024-03-31 05075875 d:MotorVehicles 2023-04-01 2024-03-31 05075875 d:MotorVehicles 2024-03-31 05075875 d:MotorVehicles 2023-03-31 05075875 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05075875 d:FurnitureFittings 2023-04-01 2024-03-31 05075875 d:FurnitureFittings 2024-03-31 05075875 d:FurnitureFittings 2023-03-31 05075875 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05075875 d:OfficeEquipment 2023-04-01 2024-03-31 05075875 d:OfficeEquipment 2024-03-31 05075875 d:OfficeEquipment 2023-03-31 05075875 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05075875 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05075875 d:CurrentFinancialInstruments 2024-03-31 05075875 d:CurrentFinancialInstruments 2023-03-31 05075875 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05075875 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05075875 d:ShareCapital 2024-03-31 05075875 d:ShareCapital 2023-03-31 05075875 d:RetainedEarningsAccumulatedLosses 2024-03-31 05075875 d:RetainedEarningsAccumulatedLosses 2023-03-31 05075875 c:FRS102 2023-04-01 2024-03-31 05075875 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05075875 c:FullAccounts 2023-04-01 2024-03-31 05075875 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05075875 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 05075875







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


I.TECH SUPPORT LIMITED






































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I.TECH SUPPORT LIMITED
REGISTERED NUMBER:05075875



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,753
5,841

  
4,753
5,841

Current assets
  

Debtors: amounts falling due within one year
 5 
349,153
335,291

Cash at bank and in hand
  
205,458
209,242

  
554,611
544,533

Creditors: amounts falling due within one year
 6 
(73,914)
(55,811)

Net current assets
  
 
 
480,697
 
 
488,722

Total assets less current liabilities
  
485,450
494,563

  

Net assets
  
485,450
494,563


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
485,350
494,463

  
485,450
494,563


Page 1

 


I.TECH SUPPORT LIMITED
REGISTERED NUMBER:05075875


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
L C Maloney
Director

Date: 8 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


I.TECH SUPPORT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

I.Tech Support 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.
The reporting currency of the financial statements is the Pound Sterling (£)

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue from IT consultancy services is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


I.TECH SUPPORT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Straight-line
Office equipment
-
25%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.



Page 4

 


I.TECH SUPPORT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
8,790
1,837
41,066
51,693


Additions
100
-
1,566
1,666



At 31 March 2024

8,890
1,837
42,632
53,359



Depreciation


At 1 April 2023
7,812
668
37,372
45,852


Charge for the year on owned assets
245
460
2,049
2,754



At 31 March 2024

8,057
1,128
39,421
48,606



Net book value



At 31 March 2024
833
709
3,211
4,753


5.


Debtors

2024
2023
£
£


Trade debtors
41,048
38,592

Amounts owed by group undertakings
289,145
274,145

Other debtors
2,500
1,429

Prepayments and accrued income
16,460
21,125

349,153
335,291


Page 5

 


I.TECH SUPPORT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18,619
8,190

Corporation tax
13,727
18,900

Other taxation and social security
11,773
12,989

Other creditors
29,795
15,732

73,914
55,811



7.


Security

Security has been provided to the company bankers by way of a fixed and floating charge over all assets of the company.


8.


Related party transactions

At the balance sheet date the company owed £483 (2023: £724) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6