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Company Registration No. NI621876 (Northern Ireland)
Total IT Systems Ltd Unaudited accounts for the year ended 31 December 2024
Total IT Systems Ltd Unaudited accounts Contents
Page
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Total IT Systems Ltd Company Information for the year ended 31 December 2024
Directors
Siobhan Wray John Fitzpatrick
Secretary
Siobhan Wray
Company Number
NI621876 (Northern Ireland)
Registered Office
7 The Marketplace Derrylin Enniskillen Fermanagh BT92 9AN
Accountants
EMC Accountancy 21 Railway Street Belcoo Fermanagh BT93 5FJ
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Accountants' report to the Board of Directors on the unaudited financial statements of Total IT Systems Ltd for the year ended 31 December 2024
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
EMC Accountancy Chartered Accountants 21 Railway Street Belcoo Fermanagh BT93 5FJ 5 December 2024
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Total IT Systems Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
19,904 
Current assets
Inventories
- 
2,500 
Debtors
- 
43,737 
Cash at bank and in hand
32,011 
160,081 
32,011 
206,318 
Creditors: amounts falling due within one year
(32,016)
(49,199)
Net current (liabilities)/assets
(5)
157,119 
Net (liabilities)/assets
(5)
177,023 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(7)
177,021 
Shareholders' funds
(5)
177,023 
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by
Siobhan Wray Director Company Registration No. NI621876
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Total IT Systems Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Total IT Systems Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI621876. The registered office is 7 The Marketplace , Derrylin, Enniskillen, Fermanagh, BT92 9AN.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
14,680 
44,950 
7,875 
67,505 
Disposals
(14,680)
(44,950)
(7,875)
(67,505)
At 31 December 2024
- 
- 
- 
- 
Depreciation
At 1 January 2024
13,442 
28,996 
5,163 
47,601 
On disposals
(13,442)
(28,996)
(5,163)
(47,601)
At 31 December 2024
- 
- 
- 
- 
Net book value
At 31 December 2024
- 
- 
- 
- 
At 31 December 2023
1,238 
15,954 
2,712 
19,904 
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Total IT Systems Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
43,737 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,991 
14,862 
Trade creditors
24,200 
11,915 
Taxes and social security
- 
36 
Other creditors
- 
401 
Loans from directors
5 
17,642 
Accruals
4,820 
4,343 
32,016 
49,199 
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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