IRIS Accounts Production v25.1.4.42 06403781 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064037812024-03-31064037812025-03-31064037812024-04-012025-03-31064037812023-03-31064037812023-04-012024-03-31064037812024-03-3106403781ns15:EnglandWales2024-04-012025-03-3106403781ns14:PoundSterling2024-04-012025-03-3106403781ns10:Director12024-04-012025-03-3106403781ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106403781ns10:SmallEntities2024-04-012025-03-3106403781ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3106403781ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106403781ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106403781ns10:FullAccounts2024-04-012025-03-3106403781ns10:RegisteredOffice2024-04-012025-03-3106403781ns5:CurrentFinancialInstruments2025-03-3106403781ns5:CurrentFinancialInstruments2024-03-3106403781ns5:Non-currentFinancialInstruments2025-03-3106403781ns5:Non-currentFinancialInstruments2024-03-3106403781ns5:ShareCapital2025-03-3106403781ns5:ShareCapital2024-03-3106403781ns5:RevaluationReserve2025-03-3106403781ns5:RevaluationReserve2024-03-3106403781ns5:CapitalRedemptionReserve2025-03-3106403781ns5:CapitalRedemptionReserve2024-03-3106403781ns5:RetainedEarningsAccumulatedLosses2025-03-3106403781ns5:RetainedEarningsAccumulatedLosses2024-03-3106403781ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-04-012025-03-3106403781ns5:PlantMachinery2024-04-012025-03-3106403781ns5:FurnitureFittings2024-04-012025-03-3106403781ns5:MotorVehicles2024-04-012025-03-3106403781ns5:ComputerEquipment2024-04-012025-03-3106403781ns5:LandBuildings2024-03-3106403781ns5:PlantMachinery2024-03-3106403781ns5:FurnitureFittings2024-03-3106403781ns5:LandBuildings2024-04-012025-03-3106403781ns5:LandBuildings2025-03-3106403781ns5:PlantMachinery2025-03-3106403781ns5:FurnitureFittings2025-03-3106403781ns5:LandBuildings2024-03-3106403781ns5:PlantMachinery2024-03-3106403781ns5:FurnitureFittings2024-03-3106403781ns5:MotorVehicles2024-03-3106403781ns5:ComputerEquipment2024-03-3106403781ns5:MotorVehicles2025-03-3106403781ns5:ComputerEquipment2025-03-3106403781ns5:MotorVehicles2024-03-3106403781ns5:ComputerEquipment2024-03-3106403781ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3106403781ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106403781ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-03-3106403781ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3106403781ns5:Secured2025-03-3106403781ns5:Secured2024-03-3106403781ns5:RetainedEarningsAccumulatedLosses2024-03-3106403781ns5:RevaluationReserve2024-03-3106403781ns5:CapitalRedemptionReserve2024-03-3106403781ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31064037811ns10:Director12024-03-31064037811ns10:Director12023-03-31064037811ns10:Director12024-04-012025-03-31064037811ns10:Director12023-04-012024-03-31064037811ns10:Director12025-03-31064037811ns10:Director12024-03-31
REGISTERED NUMBER: 06403781 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

YOUR IT DEPARTMENT LIMITED

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUR IT DEPARTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: L R Hewson





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 06403781 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374,598 234,482

CURRENT ASSETS
Stocks 14,064 17,493
Debtors 5 299,805 266,507
Cash at bank 130,839 145,330
444,708 429,330
CREDITORS
Amounts falling due within one year 6 363,928 296,299
NET CURRENT ASSETS 80,780 133,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,378

367,513

CREDITORS
Amounts falling due after more than one
year

7

(246,314

)

(151,252

)

PROVISIONS FOR LIABILITIES (35,465 ) (9,379 )
NET ASSETS 173,599 206,882

CAPITAL AND RESERVES
Called up share capital 9 70 100
Revaluation reserve 10 114,392 -
Capital redemption reserve 10 30 -
Retained earnings 10 59,107 206,782
SHAREHOLDERS' FUNDS 173,599 206,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

BALANCE SHEET - continued
31 MARCH 2025


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 17 June 2025 and were signed by:





L R Hewson - Director


YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Your IT Department 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.

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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Managed hardware - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Freehold property is included in the balance sheet at a value which in the opinion of the directors represents open market value.

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.

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.

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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.

Grants recieved
Grants received in relation to expenditure on fixed assets are credited to deferred income and released to the profit and loss account over the life of the asset.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Managed and
property hardware fittings
£    £    £   
COST OR VALUATION
At 1 April 2024 230,817 - 47,767
Additions - 16,709 308
Disposals - - (142 )
Revaluations 104,183 - -
At 31 March 2025 335,000 16,709 47,933
DEPRECIATION
At 1 April 2024 33,851 - 36,912
Charge for year 1,923 3,604 2,787
Eliminated on disposal - - (131 )
Revaluation adjustments (35,774 ) - -
At 31 March 2025 - 3,604 39,568
NET BOOK VALUE
At 31 March 2025 335,000 13,105 8,365
At 31 March 2024 196,966 - 10,855

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 28,450 59,353 366,387
Additions - 1,885 18,902
Disposals - - (142 )
Revaluations - - 104,183
At 31 March 2025 28,450 61,238 489,330
DEPRECIATION
At 1 April 2024 7,113 54,029 131,905
Charge for year 5,334 5,084 18,732
Eliminated on disposal - - (131 )
Revaluation adjustments - - (35,774 )
At 31 March 2025 12,447 59,113 114,732
NET BOOK VALUE
At 31 March 2025 16,003 2,125 374,598
At 31 March 2024 21,337 5,324 234,482

Cost or valuation at 31 March 2025 is represented by:

Fixtures
Freehold Managed and
property hardware fittings
£    £    £   
Valuation in 2025 335,000 - -
Cost - 16,709 47,933
335,000 16,709 47,933

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2025 - - 335,000
Cost 28,450 61,238 154,330
28,450 61,238 489,330

If the freehold property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 230,817 230,817
Aggregate depreciation 38,467 33,851

Freehold property was valued on an open market basis on 22 May 2024 by Musson Liggins Limited .

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 299,250 248,779
Prepayments 555 17,728
299,805 266,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 14,993 11,430
Other loans 42,962 34,178
Trade creditors 143,600 113,288
Corporation tax 83,819 64,483
Social security and other taxes 75,507 69,497
Directors' current accounts - 500
Accrued expenses 3,047 2,923
363,928 296,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 246,314 151,252

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 261,307 162,682

The bank loan is secured on the assets of the business.

YOUR IT DEPARTMENT LIMITED (REGISTERED NUMBER: 06403781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.03.25 31.03.24
Value: £ £

100,000 Ordinary A £0.0001 10 25
(31.03.24 - 250,000)
100,000 Ordinary B £0.0001 10 25
(31.03.24 - 250,000)
250,000 Ordinary D £0.0001 25 25
250,000 Ordinary E £0.0001 25 25
70 100
On 26 September 2024 the company purchased 150,000 £0.0001 Ordinary A shares for a total consideration of £114,000.
On 26 September 2024 the company purchased 150,000 £0.0001 Ordinary B shares for a total consideration of £114,000.

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2024 206,782 - - 206,782
Profit for the year 243,513 243,513
Dividends (163,188 ) (163,188 )
Purchase of own shares (228,000 ) - 30 (227,970 )
Revaluation net of deferred tax - 114,392 - 114,392
At 31 March 2025 59,107 114,392 30 173,529

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
L R Hewson
Balance outstanding at start of year - 3,719
Amounts repaid - (3,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest has been charged in the year.

12. ENTERPRISE MANAGEMENT INCENTIVE

The company operates an Enterprise Management Incentive share option scheme for the benefit of the senior employees. On 9 March 2023 options were granted on 30,000 £0.0001 Ordinary C shares at an exercise price of £0.10 per share. No options were exercised in the year and therefore nothing has been charged to the profit and loss account (2024 - £nil).