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
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
Provision IT Limited
Statement of financial position
as at 31 August 2024
Tangible assets
41,634
23,923
Cash at bank and in hand
91,785
66,642
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
Net assets
126,760
125,277
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
Provision IT Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 August 2024
31,342
10,292
41,634
At 31 August 2023
12,445
11,478
23,923
Provision IT Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
76,350
117,508
Accrued income and prepayments
7,776
7,973
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,559
29,986
Taxes and social security
50,741
40,681
Other creditors
4,307
4,090
Loans from directors
248
-
Deferred income
7,887
14,524
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).