Company Registration No. 06607745 (England and Wales)
IT QED Ltd
Unaudited accounts
for the year ended 30 June 2024
IT QED Ltd
Company Information
for the year ended 30 June 2024
Directors
R Shepherd
C Weeks
Company Number
06607745 (England and Wales)
Registered Office
Unit J1, The Granary
Bridge Farm, Reading Road
Arborfield
Berkshire
RG2 9HT
United Kingdom
Accountants
Thames Bridge Accountants
60 Oak Tree Road
Marlow
Buckinghamshire
SL7 3EQ
IT QED Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
78,590
143,505
Creditors: amounts falling due within one year
(209,214)
(224,016)
Net current assets
184,282
188,474
Net assets
188,970
188,475
Called up share capital
5,100
5,100
Capital redemption reserve
2,500
2,500
Profit and loss account
181,370
180,875
Shareholders' funds
188,970
188,475
For the year ending 30 June 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 20 August 2024 and were signed on its behalf by
R Shepherd
Director
Company Registration No. 06607745
IT QED Ltd
Notes to the Accounts
for the year ended 30 June 2024
IT QED Ltd is a private company, limited by shares, registered in England and Wales, registration number 06607745. The registered office is Unit J1, The Granary, Bridge Farm, Reading Road, Arborfield, Berkshire, RG2 9HT, United Kingdom.
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.
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.
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:
Computer equipment
33 1/3 % straight line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
264,565
255,570
Other debtors
15,099
13,415
IT QED Ltd
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
159,386
136,117
Taxes and social security
11,844
22,523
Loans from directors
-
9,503
7
Average number of employees
During the year the average number of employees was 18 (2023: 20).