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REGISTERED NUMBER: 03101263 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

IT ENERGY SYSTEMS AND CONSULTING LTD

IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IT ENERGY SYSTEMS AND CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J Butler
K Proffitt





SECRETARY: T A Bigmore





REGISTERED OFFICE: 71 Fenchurch STreet
London
EC3M 4BS





REGISTERED NUMBER: 03101263 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 934 4,572

CURRENT ASSETS
Debtors 6 1,101,621 556,944
Cash at bank 1,223,647 1,193,042
2,325,268 1,749,986
CREDITORS
Amounts falling due within one year 7 1,734,906 1,417,048
NET CURRENT ASSETS 590,362 332,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,296

337,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 591,196 337,410
SHAREHOLDERS' FUNDS 591,296 337,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




J Butler - Director


IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

IT Energy Systems and Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company has changed its statutory year end to 30 June to align it with that of its parent company and group. The change of year end means that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

2. STATEMENT OF COMPLIANCE

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. There were no material departures from FRS 102 Section 1A "Small Entities".

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 50% on cost

Taxation
Taxation for the year comprises current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 July 2023 31,848
Additions 582
At 30 June 2024 32,430
DEPRECIATION
At 1 July 2023 27,276
Charge for year 4,220
At 30 June 2024 31,496
NET BOOK VALUE
At 30 June 2024 934
At 30 June 2023 4,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 367,755 240,212
Provision for doubtful debts (25,000 ) (20,000 )
Amounts owed by group undertakings 549,400 210,860
Rent deposit 189 189
VAT 32,553 -
Prepayments and accrued income 176,724 125,683
1,101,621 556,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,817 14,512
Tax 59,485 6
Social security and other taxes 26,160 26,646
VAT - 37,351
Other creditors 81,496 5,428
Accruals and deferred income 1,558,948 1,333,105
1,734,906 1,417,048

8. GROUP CONSOLIDATED FINANCIAL STATEMENTS

The company's parent that produces consolidated financial statements is Lloyds Register Group Limited whose registered office address is 71 Fenchurch Street, London EC3M 4BS.