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Registered number: 13889795
It Domain Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Calculayte Ltd
59 Providence Street
Blackburn
Lancashire
BB1 5PT
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13889795
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 233 467
233 467
CURRENT ASSETS
Debtors 4 3,660 3,660
Cash at bank and in hand 2 1,737
3,662 5,397
Creditors: Amounts Falling Due Within One Year 5 (4,797 ) (3,120 )
NET CURRENT ASSETS (LIABILITIES) (1,135 ) 2,277
TOTAL ASSETS LESS CURRENT LIABILITIES (902 ) 2,744
NET (LIABILITIES)/ASSETS (902 ) 2,744
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account (903 ) 2,743
SHAREHOLDERS' FUNDS (902) 2,744
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Ashfaq
Director
30 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical costs basis. 
The financial statements are prepared in sterling, which is the functional currency of the company.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. 
1.2. Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts in the normal course of business. Income is recognised when services are performed.
1.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment 33% straight line
1.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised costs.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately.
The company only has basic financial instruments.
1.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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1.6. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. 
2. Average Number of Employees
The average number of persons employed by the company during the period, including directors amounted to: 1 (2023: 2)
1 2
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 700
As at 29 February 2024 700
Depreciation
As at 1 March 2023 233
Provided during the period 234
As at 29 February 2024 467
Net Book Value
As at 29 February 2024 233
As at 1 March 2023 467
4. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Other debtors 3,660 3,660
3,660 3,660
5. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Other taxes and social security - 1,230
Other creditors 4,797 1,890
4,797 3,120
6. General Information
It Domain Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13889795 . The registered office is 174 Pool Farm Road, Birmingham, B27 7EX.
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