Ernest IT Solutions Limited 07630213 false 2024-06-01 2024-12-31 2024-12-31 The principal activity of the company is other business support service activities not elsewhere classified. Digita Accounts Production Advanced 6.30.9574.0 true true 07630213 2024-06-01 2024-12-31 07630213 2024-12-31 07630213 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-12-31 07630213 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-12-31 07630213 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07630213 core:FurnitureFittingsToolsEquipment 2024-12-31 07630213 bus:SmallEntities 2024-06-01 2024-12-31 07630213 bus:AuditExemptWithAccountantsReport 2024-06-01 2024-12-31 07630213 bus:FilletedAccounts 2024-06-01 2024-12-31 07630213 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2024-12-31 07630213 bus:RegisteredOffice 2024-06-01 2024-12-31 07630213 bus:Director1 2024-06-01 2024-12-31 07630213 bus:Director2 2024-06-01 2024-12-31 07630213 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-06-01 2024-12-31 07630213 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-06-01 2024-12-31 07630213 bus:PrivateLimitedCompanyLtd 2024-06-01 2024-12-31 07630213 core:OfficeEquipment 2024-06-01 2024-12-31 07630213 countries:England 2024-06-01 2024-12-31 07630213 2024-05-31 07630213 core:FurnitureFittingsToolsEquipment 2024-05-31 07630213 2023-06-01 2024-05-31 07630213 2024-05-31 07630213 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-05-31 07630213 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-05-31 07630213 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07630213

Ernest IT Solutions Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2024 to 31 December 2024

 

Ernest IT Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ernest IT Solutions Limited

Company Information

Directors

Mr Tristan Pemble

Mrs Samantha Jane Pemble

Registered office

C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
LS25 1NB

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Ernest IT Solutions Limited

(Registration number: 07630213)
Balance Sheet as at 31 December 2024

Note

2024
£

2024
£

Current assets

 

Cash at bank and in hand

 

121

101

Creditors: Amounts falling due within one year

(8,400)

(7,873)

Net liabilities

 

(8,279)

(7,772)

Capital and reserves

 

Called up share capital

5

200

200

Retained earnings

(8,479)

(7,972)

Shareholders' deficit

 

(8,279)

(7,772)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................

Mr Tristan Pemble
Director

 

Ernest IT Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
LS25 1NB

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ernest IT Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

 

Ernest IT Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2024 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2024

4,480

4,480

At 31 December 2024

4,480

4,480

Depreciation

At 1 June 2024

4,480

4,480

At 31 December 2024

4,480

4,480

Carrying amount

At 31 December 2024

-

-

5

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary A of £1 each

100

100

100

100

200

200

200

200