Registered number: 14143439

Itnow Ltd
Unaudited Financial Statements
for the year ended 29 February 2024

Statement of Financial Position

as at 29 February 2024

  2024
Restated
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  101,617  
 
  -  
Current assets  
20,727    
 
10    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 109,707 )  
 
-    
Net current assets (liabilities)  
  ( 88,980 )
 
  10  
Total assets less current liabilities  
  12,637  
 
  10  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  ( 94 )
Net assets  
  12,637  
 
  ( 84 )
   
Capital and reserves  
  12,637  
 
  ( 84 )

xbrli:pure 14143439 2023-03-01 2024-02-29 14143439 2022-05-31 2023-02-28 14143439 2024-02-29 14143439 2023-02-28 14143439 2023-03-01 14143439 uk-frs102:WithinOneYear 2024-02-29 14143439 uk-frs102:AfterOneYear 2024-02-29 14143439 uk-frs102:WithinOneYear 2023-02-28 14143439 uk-frs102:AfterOneYear 2023-02-28 14143439 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 14143439 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 14143439 uk-bus:Director1 1 2023-03-01 2024-02-29 14143439 uk-bus:Director2 2 2023-03-01 2024-02-29 14143439 uk-bus:Director1 2023-03-01 2024-02-29 14143439 uk-bus:Director2 2023-03-01 2024-02-29 14143439 uk-bus:Director1 1 2023-03-01 14143439 uk-bus:Director2 2 2023-03-01 14143439 uk-bus:Director1 1 2024-02-29 14143439 uk-bus:Director2 2 2024-02-29 14143439 uk-bus:Micro-entities 2023-03-01 2024-02-29 14143439 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 iso4217:GBP 14143439 countries:EnglandWales 2023-03-01 2024-02-29 14143439 uk-bus:RegisteredOffice 2023-03-01 2024-02-29

Footnotes to the Statement of Financial Position

Adam Holley Kelly Holley

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Adam Holley

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £60,184 by Adam Holley, a director of the company, on 19/03/2023.

During the accounting year the maximum amount repayable to Adam Holley was £60,184

The following conditions are attached to amount payable to Adam Holley:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/03/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 29/02/2024
£ £ £ £ £ £ £
0   ( 34,154 )
( 34,154 )
94,338
94,338  
0 0 0 60,184  

Kelly Holley

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £4,141 by Kelly Holley, a director of the company, on 05/05/2023.

During the accounting year the maximum amount repayable to Kelly Holley was £4,141

The following conditions are attached to amount payable to Kelly Holley:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/03/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 29/02/2024
£ £ £ £ £ £ £
0   ( 27,159 )
( 27,159 )
31,300
31,300  
0 0 0 4,141  

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 29/02/2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 14143439

c) The company is a private company and is limited by shares

d) The company's registered office address is 11 Paddocks Chase Offord Cluny Offord Cluny, St. Neots, Cambridgeshire, PE19 5ZE, United Kingdom



Approved by the board of directors and signed on behalf of the board,

Itnow Ltd
Director Adam Holley
Date of approval: 28/11/2024
The company was trading for the entire period 2023-03-01 2024-02-29 2024-02-29 IT consultant 2024-11-28 2024-11-28