IT INFRASTRUCTURE MANAGEMENT LIMITED

Company Registration Number:
07691376 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

IT INFRASTRUCTURE MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

IT INFRASTRUCTURE MANAGEMENT LIMITED

Company Information

for the Period Ended 31 July 2024




Director: Phillip GEORGE
Secretary: Claire BRYANT
Registered office: 4
Kent Cottages
Pilgrims Lane
Westerham
Kent
TN16 2EN
Company Registration Number: 07691376 (England and Wales)

IT INFRASTRUCTURE MANAGEMENT LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

The company's principal activity during the period was IT Consultancy.

Political and charitable donations

No charitable donations were made during the year. No contributions to political organisations were made during the year.

Company policy on the employment of disabled persons

It is the company’s policy to give employment to disabled persons wherever practicable. At present none of our Employees or Directors are registered disabled.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
Phillip GEORGE

Secretary
Claire BRYANT

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Phillip GEORGE
Status: Director

IT INFRASTRUCTURE MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 110,000 163,750
Administrative Expenses ( 28,210 ) ( 35,095 )
Operating Profit or (Loss) 81,790 128,655
Profit or (Loss) Before Tax 81,790 128,655
Tax on Profit ( 17,952 ) ( 26,563 )
Profit or (Loss) for Period 63,838 102,092

The notes form part of these financial statements

IT INFRASTRUCTURE MANAGEMENT LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3 113
Total fixed assets: 3 113
Current assets
Stocks: 0 0
Debtors: 0 13,750
Cash at bank and in hand: 39,155 62,749
Total current assets: 39,155 76,499
Creditors: amounts falling due within one year: ( 18,459 ) ( 26,752 )
Net current assets (liabilities): 20,696 49,747
Total assets less current liabilities: 20,699 49,860
Total net assets (liabilities): 20,699 49,860

The notes form part of these financial statements

IT INFRASTRUCTURE MANAGEMENT LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 20,698 49,859
Shareholders funds: 20,699 49,860

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 November 2024
And Signed On Behalf Of The Board By:

Name: Phillip GEORGE
Status: Director

The notes form part of these financial statements

IT INFRASTRUCTURE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Land & Buildings 0% on cost per annum, Plant & Equipment 10% on cost per annum, Fixtures & Fittings 20% on cost per annum, Office Equipment 33% on cost per annum, Motor Vehicles 25% on cost per annum.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

IT INFRASTRUCTURE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

IT INFRASTRUCTURE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

IT INFRASTRUCTURE MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 1,366
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 July 2024 1,366
Depreciation
At 01 August 2023 1,253
Charge for year 110
On disposals (0)
Other adjustments 0
At 31 July 2024 1,363
Net book value
At 31 July 2024 3
At 31 July 2023 113