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REGISTERED NUMBER: 15139836 (England and Wales)















Unaudited Financial Statements

for the Period 15 September 2023 to 31 December 2024

for

On IT Technology Partners Ltd

On IT Technology Partners Ltd (Registered number: 15139836)






Contents of the Financial Statements
for the Period 15 September 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


On IT Technology Partners Ltd

Company Information
for the Period 15 September 2023 to 31 December 2024







DIRECTOR: T Clark





REGISTERED OFFICE: Unit G
Wheatley Park
Mirfield
WF14 8HE





REGISTERED NUMBER: 15139836 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

On IT Technology Partners Ltd (Registered number: 15139836)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 33,225
Tangible assets 5 7,851
41,076

CURRENT ASSETS
Debtors 6 56,915
Cash at bank 10,926
67,841
CREDITORS
Amounts falling due within one year 7 41,714
NET CURRENT ASSETS 26,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,203

CREDITORS
Amounts falling due after more than one year 8 54,000
NET ASSETS 13,203

CAPITAL AND RESERVES
Called up share capital 9 1,000
Retained earnings 10 12,203
SHAREHOLDERS' FUNDS 13,203

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

On IT Technology Partners Ltd (Registered number: 15139836)

Balance Sheet - continued
31 December 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 director and authorised for issue on 7 May 2025 and were signed by:





T Clark - Director


On IT Technology Partners Ltd (Registered number: 15139836)

Notes to the Financial Statements
for the Period 15 September 2023 to 31 December 2024

1. STATUTORY INFORMATION

On IT Technology Partners 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 (£).


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.

Monetary amounts in these financial statements shall be rounded to the nearest £.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangibles are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer and office equipment - 33% on cost

Taxation
Taxation for the period 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.


On IT Technology Partners Ltd (Registered number: 15139836)

Notes to the Financial Statements - continued
for the Period 15 September 2023 to 31 December 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

On IT Technology Partners Ltd (Registered number: 15139836)

Notes to the Financial Statements - continued
for the Period 15 September 2023 to 31 December 2024

2. ACCOUNTING POLICIES - continued

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 39,088
At 31 December 2024 39,088
AMORTISATION
Charge for period 5,863
At 31 December 2024 5,863
NET BOOK VALUE
At 31 December 2024 33,225

5. TANGIBLE FIXED ASSETS
Computer
and
office
equipment
£   
COST
Additions 10,433
At 31 December 2024 10,433
DEPRECIATION
Charge for period 2,582
At 31 December 2024 2,582
NET BOOK VALUE
At 31 December 2024 7,851

On IT Technology Partners Ltd (Registered number: 15139836)

Notes to the Financial Statements - continued
for the Period 15 September 2023 to 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 55,808
Other debtors 1,107
56,915

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 6,636
Social security and other taxes 2,658
VAT 7,790
Other creditors 5,600
Directors' current accounts 17,455
Accrued expenses 1,575
41,714

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 1-2 years 54,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
75,000 Ordinary A 1p 750
25,000 Ordinary B 1p 250
1,000

The following shares were issued during the period for cash at par :

75,000 Ordinary A shares of 1p
25,000 Ordinary B shares of 1p

10. RESERVES
Retained
earnings
£   

Profit for the period 12,203
At 31 December 2024 12,203