KITSSAM-IT LTD

Company Registration Number:
06657040 (England and Wales)

Unaudited statutory accounts for the year ended 05 April 2024

Period of accounts

Start date: 06 April 2023

End date: 05 April 2024

KITSSAM-IT LTD

Contents of the Financial Statements

for the Period Ended 05 April 2024

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

KITSSAM-IT LTD

Company Information

for the Period Ended 05 April 2024




Director: John Spruce
Secretary: Brenda Spruce
Registered office: 32
Castlefields Drive
Prudhoe
Northumberland
NE42 5FP
Company Registration Number: 06657040 (England and Wales)

KITSSAM-IT LTD

Directors' Report Period Ended 05 April 2024

The directors present their report with the financial statements of the company for the period ended 05 April 2024

Principal Activities

The Company’s principal activity is IT Consultancy Business. From to 6th April 2023 to 5th April 2024 the Company was Dormant so there was no income.

Political and charitable donations

None

Company policy on the employment of disabled persons

N/A

Additional information

N/A

Directors

The directors shown below have held office during the whole of the period from 06 April 2023 to 05 April 2024
John Spruce

Secretary
Brenda Spruce

This report was approved by the board of directors on 27 December 2024
And Signed On Behalf Of The Board By:

Name: John Spruce
Status: Director

KITSSAM-IT LTD

Profit and Loss Account

for the Period Ended 05 April 2024


Notes

2024
£

2023
£
Turnover 0 0
Cost of sales ( 0 ) ( 0 )
Gross Profit or (Loss) 0 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 1,512 ) ( 11,558 )
Other operating income 0 0
Operating Profit or (Loss) ( 1,512 ) ( 11,558 )
Interest Receivable and Similar Income 47 0
Interest Payable and Similar Charges - ( 116 )
Profit or (Loss) Before Tax ( 1,465 ) ( 11,674 )
Tax on Profit ( 0 ) 2,430
Profit or (Loss) for Period ( 1,465 ) ( 9,244 )

The notes form part of these financial statements

KITSSAM-IT LTD

Balance sheet

As at 05 April 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 8,916 8,916
Total fixed assets: 8,916 8,916
Current assets
Stocks: 481 481
Debtors: 6 0 2,430
Cash at bank and in hand: 1,233 268
Total current assets: 1,714 3,179
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 2,968 ) ( 2,968 )
Net current assets (liabilities): ( 1,254 ) 211
Total assets less current liabilities: 7,662 9,127
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 7,662 9,127

The notes form part of these financial statements

KITSSAM-IT LTD

Balance sheet continued

As at 05 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 135 135
Revaluation reserve: 9 0 0
Profit and loss account: 7,527 8,992
Shareholders funds: 7,662 9,127

For the year ending 5 April 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.

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 27 December 2024
And Signed On Behalf Of The Board By:

Name: John Spruce
Status: Director

The notes form part of these financial statements

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 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

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

  • 3. Off balance sheet disclosure

    No

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

4. Intangible assets

Other Total
Cost £ £
At 06 April 2023 - -
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 05 April 2024 - -
Amortisation
Amortisation at 06 April 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 05 April 2024 - -
Net book value
Net book value at 05 April 2024 - -
Net book value at 05 April 2023 - -

Intangible assets.
There are zero intangible assets.

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 06 April 2023 8,916 8,916
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 05 April 2024 8,916 8,916
Depreciation
At 06 April 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 05 April 2024 0 0
Net book value
At 05 April 2024 8,916 8,916
At 05 April 2023 8,916 8,916

Tangible assets consist of IT equipment and items used in a working from home environment.
As the Company is ‘dormant’ and has not traded since 6th April 2023 the assets have not been depreciated and will need to be revalued at the start of trading again. There were no additions, disposals or depreciation for the period and remain at £8916.

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

6. Debtors


2024
£

2023
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 0 2,430
Total 0 2,430

Debtors consist of £2430 in Corporation Tax for the year ended 5th April 2022 which was not received until May 2024.

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 2,968 2,968
Total 2,968 2,968

Creditors £2,968 is cash book deficit for items paid by John Spruce, Director and still remains outstanding.

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

Creditors amounts falling due after one year.
This has been changed to 0 so it should have updated and will not be required. If it does the answer is NIL.

KITSSAM-IT LTD

Notes to the Financial Statements

for the Period Ended 05 April 2024

9. Revaluation reserve


2024
£
Balance at 06 April 2023 0
Surplus or deficit after revaluation 0
Balance at 05 April 2024 0

Revaluation reserve. Assets have not been revalued and consist of IT equipment and items used for working from home environment. At restart of business items will be reassessed.