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REGISTERED NUMBER: 06493056 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED

INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED (REGISTERED NUMBER: 06493056)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D King





SECRETARY: Mrs J S King





REGISTERED OFFICE: 37 Hillcross Avenue
Morden
Surrey
SM4 4AT





REGISTERED NUMBER: 06493056 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED (REGISTERED NUMBER: 06493056)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8 13

CURRENT ASSETS
Debtors 5 - 5,712
Cash at bank 1,131,069 1,054,878
1,131,069 1,060,590
CREDITORS
Amounts falling due within one year 6 194,240 180,809
NET CURRENT ASSETS 936,829 879,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

936,837

879,794

CAPITAL AND RESERVES
Called up share capital 7 12 12
Retained earnings 936,825 879,782
SHAREHOLDERS' FUNDS 936,837 879,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





D King - Director


INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED (REGISTERED NUMBER: 06493056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Integrated Technology Services Management 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have not identified any material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover represents the value of consultancy services provided during the year, excluding value added tax. Turnover is recognised when the services are delivered to the customer.

Uninvoiced services at the year end are included in accrued income. Invoiced services which remain unpaid at the year end are included in debtors. Where customers pay in advance for services, the amount is recorded as deferred income until the service has been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED (REGISTERED NUMBER: 06493056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short-term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 6,396
DEPRECIATION
At 1 March 2023 6,383
Charge for year 5
At 29 February 2024 6,388
NET BOOK VALUE
At 29 February 2024 8
At 28 February 2023 13

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,712

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 50,865 43,081
Other creditors 143,375 137,728
194,240 180,809

INTEGRATED TECHNOLOGY SERVICES
MANAGEMENT LIMITED (REGISTERED NUMBER: 06493056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12 Ordinary £1 12 12

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D King.