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REGISTERED NUMBER: 11622064 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The IT 100 Club Ltd

The IT 100 Club Ltd (Registered number: 11622064)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The IT 100 Club Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P N Flay





REGISTERED OFFICE: 10a White Hart Parade
London Road
Camberley
Surrey
GU17 9AD





REGISTERED NUMBER: 11622064 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

The IT 100 Club Ltd (Registered number: 11622064)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 397
Tangible assets 5 2,728 5,786
2,728 6,183

CURRENT ASSETS
Stocks 1,800 1,800
Debtors 6 35,572 16,168
Cash at bank 298 1,866
37,670 19,834
CREDITORS
Amounts falling due within one year 7 50,924 33,416
NET CURRENT LIABILITIES (13,254 ) (13,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,526

)

(7,399

)

CREDITORS
Amounts falling due after more than
one year

8

15,416

20,416
NET LIABILITIES (25,942 ) (27,815 )

The IT 100 Club Ltd (Registered number: 11622064)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (25,943 ) (27,816 )
(25,942 ) (27,815 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





P N Flay - Director


The IT 100 Club Ltd (Registered number: 11622064)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The IT 100 Club Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


The IT 100 Club Ltd (Registered number: 11622064)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

The IT 100 Club Ltd (Registered number: 11622064)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 3,400
AMORTISATION
At 1 April 2023 3,003
Charge for year 397
At 31 March 2024 3,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 397

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 15,898
DEPRECIATION
At 1 April 2023 10,112
Charge for year 3,058
At 31 March 2024 13,170
NET BOOK VALUE
At 31 March 2024 2,728
At 31 March 2023 5,786

The IT 100 Club Ltd (Registered number: 11622064)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,497 3,208
Amounts owed by group undertakings 28,075 12,960
35,572 16,168

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 5,918 1,723
Taxation and social security 32,120 22,283
Other creditors 7,886 4,410
50,924 33,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,416 20,416

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 416

9. ULTIMATE CONTROLLING PARTY

The controlling party is P N Flay.