Company Registration No. 05535841 (England and Wales)
ITStorm Ltd
Unaudited accounts
for the year ended 31 August 2024
ITStorm Ltd
Unaudited accounts
Contents
ITStorm Ltd
Company Information
for the year ended 31 August 2024
Directors
David Urquhart
Donna Urquhart
Company Number
05535841 (England and Wales)
Registered Office
I T Storm Ltd
Office 1, 10 Earlstrees Court
Earlstrees Industrial Estate
Corby
Northamptonshire
NN17 4AX
England
Accountants
Donna Urquhart - ITStorm Ltd
10 Earlstrees Court
Earlstrees Industrial Estate
CORBY
Northants
NN17 4AX
ITStorm Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
4,561
11,382
Creditors: amounts falling due within one year
(35,121)
(33,106)
Net current liabilities
(5,334)
(350)
Total assets less current liabilities
(5,059)
201
Provisions for liabilities
Net (liabilities)/assets
(5,147)
113
Called up share capital
100
100
Profit and loss account
(5,247)
13
Shareholders' funds
(5,147)
113
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Donna Urquhart
Director
Company Registration No. 05535841
ITStorm Ltd
Notes to the Accounts
for the year ended 31 August 2024
ITStorm Ltd is a private company, limited by shares, registered in England and Wales, registration number 05535841. The registered office is I T Storm Ltd, Office 1, 10 Earlstrees Court, Earlstrees Industrial Estate, Corby, Northamptonshire, NN17 4AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment
ITStorm Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
21,997
18,031
Accrued income and prepayments
2,548
2,548
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,836
14,051
Taxes and social security
202
(1,578)
Other creditors
4,603
12,641
Loans from directors
17,153
6,516
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company was under the control of its directors who held 100% of the issued share capital throughout the year.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).