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REGISTERED NUMBER: 05540359 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Informal IT Limited

Informal IT Limited (Registered number: 05540359)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Informal IT Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: I N Miller
M Vink





SECRETARY: I N Miller





REGISTERED OFFICE: 48 Warwick Street
London
W1B 5AW





REGISTERED NUMBER: 05540359 (England and Wales)





ACCOUNTANTS: Burnbecks Limited
Chartered Certified Accountants
2B Haddo Street
Greenwich
London
SE10 9RN

Informal IT Limited (Registered number: 05540359)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 23,500 30,709

CURRENT ASSETS
Debtors 48,648 92,818
Cash at bank 114,137 99,741
162,785 192,559
CREDITORS
Amounts falling due within one year 110,670 102,701
NET CURRENT ASSETS 52,115 89,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,615

120,567

CREDITORS
Amounts falling due after more than one
year

32,832

46,540
NET ASSETS 42,783 74,027

CAPITAL AND RESERVES
Called up share capital 5 300 300
Retained earnings 42,483 73,727
SHAREHOLDERS' FUNDS 42,783 74,027

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

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

Informal IT Limited (Registered number: 05540359)

Abridged Balance Sheet - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 February 2025 and were signed on its behalf by:





I N Miller - Director


Informal IT Limited (Registered number: 05540359)

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

1. STATUTORY INFORMATION

Informal IT 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment & fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Informal IT Limited (Registered number: 05540359)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 94,709
Additions 5,056
At 31 August 2024 99,765
DEPRECIATION
At 1 September 2023 64,000
Charge for year 12,265
At 31 August 2024 76,265
NET BOOK VALUE
At 31 August 2024 23,500
At 31 August 2023 30,709

Informal IT Limited (Registered number: 05540359)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2023
and 31 August 2024 38,250
DEPRECIATION
At 1 September 2023 9,563
Charge for year 9,562
At 31 August 2024 19,125
NET BOOK VALUE
At 31 August 2024 19,125
At 31 August 2023 28,687

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
300 300

Informal IT Limited (Registered number: 05540359)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
I N Miller
Balance outstanding at start of year 9,654 -
Amounts advanced - 9,654
Amounts repaid (9,654 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,654

M Vink
Balance outstanding at start of year 9,915 -
Amounts advanced - 9,915
Amounts repaid (9,915 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,915