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Company Registration No. 04487932 (England and Wales)
Provision IT Limited Unaudited accounts for the year ended 31 August 2024
Provision IT Limited Unaudited accounts Contents
Page
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Provision IT Limited Company Information for the year ended 31 August 2024
Director
Mark Anthony Lambert
Company Number
04487932 (England and Wales)
Registered Office
Suite 7-9, Pure Offices Lake View Drive Annesley, Nottingham NG15 0DT
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Provision IT Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,634 
23,923 
Current assets
Inventories
21,876 
22,709 
Debtors
84,126 
127,037 
Cash at bank and in hand
91,785 
66,642 
197,787 
216,388 
Creditors: amounts falling due within one year
(107,945)
(115,034)
Net current assets
89,842 
101,354 
Total assets less current liabilities
131,476 
125,277 
Provisions for liabilities
Other provisions
(4,716)
- 
Net assets
126,760 
125,277 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
126,756 
125,273 
Shareholders' funds
126,760 
125,277 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2024 and were signed on its behalf by
Mark Anthony Lambert Director Company Registration No. 04487932
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Provision IT Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Provision IT Limited is a private company, limited by shares, registered in England and Wales, registration number 04487932. The registered office is Suite 7-9, Pure Offices, Lake View Drive, Annesley, Nottingham, NG15 0DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
55,464 
34,682 
90,146 
Additions
39,495 
3,840 
43,335 
Disposals
(45,786)
(2,337)
(48,123)
At 31 August 2024
49,173 
36,185 
85,358 
Depreciation
At 1 September 2023
43,019 
23,204 
66,223 
Charge for the year
10,448 
3,430 
13,878 
On disposals
(35,636)
(741)
(36,377)
At 31 August 2024
17,831 
25,893 
43,724 
Net book value
At 31 August 2024
31,342 
10,292 
41,634 
At 31 August 2023
12,445 
11,478 
23,923 
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Provision IT Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,350 
117,508 
Accrued income and prepayments
7,776 
7,973 
Other debtors
- 
1,556 
84,126 
127,037 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,218 
24,813 
Trade creditors
23,559 
29,986 
Taxes and social security
50,741 
40,681 
Other creditors
4,307 
4,090 
Loans from directors
248 
- 
Accruals
985 
940 
Deferred income
7,887 
14,524 
107,945 
115,034 
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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