IRIS Accounts Production v25.1.0.734 08159618 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081596182023-07-31081596182024-07-31081596182023-08-012024-07-31081596182022-07-31081596182022-08-012023-07-31081596182023-07-3108159618ns15:EnglandWales2023-08-012024-07-3108159618ns14:PoundSterling2023-08-012024-07-3108159618ns10:Director12023-08-012024-07-3108159618ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108159618ns10:SmallEntities2023-08-012024-07-3108159618ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3108159618ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108159618ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108159618ns10:FullAccounts2023-08-012024-07-3108159618ns10:OrdinaryShareClass12023-08-012024-07-3108159618ns10:OrdinaryShareClass22023-08-012024-07-3108159618ns10:OrdinaryShareClass32023-08-012024-07-3108159618ns10:Director22023-08-012024-07-3108159618ns10:RegisteredOffice2023-08-012024-07-3108159618ns5:CurrentFinancialInstruments2024-07-3108159618ns5:CurrentFinancialInstruments2023-07-3108159618ns5:Non-currentFinancialInstruments2024-07-3108159618ns5:Non-currentFinancialInstruments2023-07-3108159618ns5:ShareCapital2024-07-3108159618ns5:ShareCapital2023-07-3108159618ns5:RetainedEarningsAccumulatedLosses2024-07-3108159618ns5:RetainedEarningsAccumulatedLosses2023-07-3108159618ns5:MotorVehicles2023-07-3108159618ns5:ComputerEquipment2023-07-3108159618ns5:MotorVehicles2023-08-012024-07-3108159618ns5:ComputerEquipment2023-08-012024-07-3108159618ns5:MotorVehicles2024-07-3108159618ns5:ComputerEquipment2024-07-3108159618ns5:MotorVehicles2023-07-3108159618ns5:ComputerEquipment2023-07-3108159618ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3108159618ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3108159618ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-07-3108159618ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-07-3108159618ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3108159618ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3108159618ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3108159618ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3108159618ns5:Non-currentFinancialInstruments2023-08-012024-07-3108159618ns10:OrdinaryShareClass12024-07-3108159618ns10:OrdinaryShareClass22024-07-3108159618ns10:OrdinaryShareClass32024-07-3108159618ns5:RetainedEarningsAccumulatedLosses2023-07-3108159618ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 08159618 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

DR IT SOLUTIONS LIMITED

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


DR IT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs D Correa Ribeiro Sousa
Mr R A Cavalcante Sousa





REGISTERED OFFICE: 6 Benjamin Road,
High Wycombe
HP13 6SP





REGISTERED NUMBER: 08159618 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of baby items on online sales-platforms.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

Mrs D Correa Ribeiro Sousa
Mr R A Cavalcante Sousa

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs D Correa Ribeiro Sousa - Director


29 April 2025

DR IT SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
DR IT SOLUTIONS LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 July 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


29 April 2025

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
£    £   

TURNOVER 209,357 293,713

Cost of sales 169,582 184,908
GROSS PROFIT 39,775 108,805

Administrative expenses 120,677 124,243
OPERATING LOSS (80,902 ) (15,438 )

Interest receivable and similar income - 55
(80,902 ) (15,383 )

Interest payable and similar expenses 12,885 14,628
LOSS BEFORE TAXATION (93,787 ) (30,011 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (93,787 ) (30,011 )

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,236 25,854

CURRENT ASSETS
Stocks 5 43,282 106,012
Debtors 6 46,392 50,704
Cash at bank 1,024 9,580
90,698 166,296
CREDITORS
Amounts falling due within one year 7 200,287 118,835
NET CURRENT (LIABILITIES)/ASSETS (109,589 ) 47,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,353

)

73,315

CREDITORS
Amounts falling due after more than one
year

8

19,644

91,525
NET LIABILITIES (111,997 ) (18,210 )

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 (112,099 ) (18,312 )
SHAREHOLDERS' FUNDS (111,997 ) (18,210 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

BALANCE SHEET - continued
31 JULY 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mrs D Correa Ribeiro Sousa - Director


DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

DR IT Solutions Limited 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.

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

Motor Vehicles 20% on cost
Computer Equipment 33% 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.

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.

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.

Going concern note
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

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

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 43,090 2,142 45,232
DEPRECIATION
At 1 August 2023 17,236 2,142 19,378
Charge for year 8,618 - 8,618
At 31 July 2024 25,854 2,142 27,996
NET BOOK VALUE
At 31 July 2024 17,236 - 17,236
At 31 July 2023 25,854 - 25,854

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 43,282 106,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by associates 44,900 44,900
Other debtors 1,492 5,286
VAT - 518
46,392 50,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 414
Social security and other taxes 5,911 (95 )
VAT 2,914 -
Other creditors 11,399 37,427
Funding circle loan < 1 yr 82,593 67,944
Director's current account 87,470 3,145
200,287 118,835

DR IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08159618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bounce Back Loan - due 1-2 yr 10,000 10,000
Bounce Back Loan - due 2-5 yr 9,644 13,581
Funding circle loan 1-5 yr - 67,944
19,644 91,525

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary 1 100 100
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
102 102

10. RESERVES
Retained
earnings
£   

At 1 August 2023 (18,312 )
Deficit for the year (93,787 )
At 31 July 2024 (112,099 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other creditors due within one year, is an amount of £87,470 (2023: £3,145) which the director is owed from the company. This loan is interest free, of no fixed term and is repayable on demand.

Included under debtors is an amount owed from a related party of £44,900 (2023: £44,900). The related party has shared directors and shareholders, and operates in a similar trading industry but in a different country.

12. TAXATION

The Company has carried forward losses of £138,553 (2023: £53,873) which it can use against future taxable profit.