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REGISTERED NUMBER: 05876739 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

IT AT C Ltd

IT AT C Ltd (Registered number: 05876739)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT AT C Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G Painter
Mrs S Marshall





SECRETARY: Mrs S Marshall





REGISTERED OFFICE: 9 The Village
Fleggburgh
Great Yarmouth
Norfolk
NR29 3DL





REGISTERED NUMBER: 05876739 (England and Wales)






IT AT C Ltd (Registered number: 05876739)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,993 4,634

CURRENT ASSETS
Stocks 225,863 207,369
Debtors 5 75,815 102,702
Cash at bank 132,820 87,932
434,498 398,003
CREDITORS
Amounts falling due within one year 6 360,445 329,722
NET CURRENT ASSETS 74,053 68,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,046

72,915

CREDITORS
Amounts falling due after more than
one year

7

(49,723

)

(22,399

)

PROVISIONS FOR LIABILITIES (12,999 ) -
NET ASSETS 76,324 50,516

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 76,322 50,514
76,324 50,516

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.

IT AT C Ltd (Registered number: 05876739)

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.

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 28 May 2025 and were signed on its behalf by:




G Painter - Director



Mrs S Marshall - Director


IT AT C Ltd (Registered number: 05876739)

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

1. STATUTORY INFORMATION

IT AT C 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.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

IT AT C Ltd (Registered number: 05876739)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 4,290 19,915 24,205
Additions - 71,877 71,877
At 31 August 2024 4,290 91,792 96,082
DEPRECIATION
At 1 September 2023 4,290 15,281 19,571
Charge for year - 11,518 11,518
At 31 August 2024 4,290 26,799 31,089
NET BOOK VALUE
At 31 August 2024 - 64,993 64,993
At 31 August 2023 - 4,634 4,634

Freehold property - Straight line over 15 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 73,130 101,003
Other debtors 2,685 1,699
75,815 102,702

IT AT C Ltd (Registered number: 05876739)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 11,000 11,000
Hire purchase contracts 5,948 -
Trade creditors 317,804 291,210
Taxation and social security 20,658 21,463
Other creditors 5,035 6,049
360,445 329,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 11,638 22,399
Hire purchase contracts 38,085 -
49,723 22,399