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REGISTERED NUMBER: 09940937 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

IT PROCESS OPTIMISATION LIMITED

IT PROCESS OPTIMISATION LIMITED (REGISTERED NUMBER: 09940937)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT PROCESS OPTIMISATION LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: M Dennis





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 09940937 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

IT PROCESS OPTIMISATION LIMITED (REGISTERED NUMBER: 09940937)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,969 649

CURRENT ASSETS
Debtors 5 78,937 40,725
Cash at bank 20,014 83,748
98,951 124,473
CREDITORS
Amounts falling due within one year 6 36,574 19,133
NET CURRENT ASSETS 62,377 105,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,346

105,989

CREDITORS
Amounts falling due after more than one
year

7

(79,652

)

-

PROVISIONS FOR LIABILITIES (19,375 ) (124 )
NET ASSETS 65,319 105,865

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 65,318 105,864
65,319 105,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

IT PROCESS OPTIMISATION LIMITED (REGISTERED NUMBER: 09940937)

BALANCE SHEET - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





M Dennis - Director


IT PROCESS OPTIMISATION LIMITED (REGISTERED NUMBER: 09940937)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

It Process Optimisation 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

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

IT PROCESS OPTIMISATION LIMITED (REGISTERED NUMBER: 09940937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 - - 1,167 1,167
Additions 2,977 132,505 - 135,482
At 30 April 2024 2,977 132,505 1,167 136,649
DEPRECIATION
At 1 May 2023 - - 518 518
Charge for year 744 33,126 292 34,162
At 30 April 2024 744 33,126 810 34,680
NET BOOK VALUE
At 30 April 2024 2,233 99,379 357 101,969
At 30 April 2023 - - 649 649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 78,937 40,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,767 -
Trade creditors 899 -
Taxation and social security 17,908 19,133
36,574 19,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 79,652 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account was overdrawn, the maximum overdrawn amount during the year was £56,249 (2023 £29,998) and the year end balance was £56,197 (2023 £29,868). The loan as been partially repaid after the year end.

9. CONTROLLING PARTY

The controlling party is M Dennis.