IT-CFO LIMITED

Company Registration Number:
06668859 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

IT-CFO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

IT-CFO LIMITED

Balance sheet

As at 31 December 2020


Notes

2020

2019


£

£
Fixed assets
Tangible assets: 3 926,381 518,293
Total fixed assets: 926,381 518,293
Current assets
Stocks: 820,592 420,475
Debtors:   992,547 619,302
Cash at bank and in hand: 483,007 395,183
Total current assets: 2,296,146 1,434,960
Creditors: amounts falling due within one year:   (392,710) (277,406)
Net current assets (liabilities): 1,903,436 1,157,554
Total assets less current liabilities: 2,829,817 1,675,847
Total net assets (liabilities): 2,829,817 1,675,847
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,829,717 1,675,747
Shareholders funds: 2,829,817 1,675,847

The notes form part of these financial statements

IT-CFO LIMITED

Balance sheet statements

For the year ending 31 December 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 February 2025
and signed on behalf of the board by:

Name: AHMED IKAR OMAR
Status: Director

The notes form part of these financial statements

IT-CFO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

IT-CFO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 17 11

IT-CFO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 518,293
Additions 408,088
At 31 December 2020 926,381
Net book value
At 31 December 2020 926,381
At 31 December 2019 518,293