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Company Registration No. 12011909 (England and Wales)
Ethical It Services Limited Unaudited accounts for the year ended 31 March 2025
Ethical It Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Ethical It Services Limited Company Information for the year ended 31 March 2025
Directors
Mr A C Evans Mr N Bursey Mr E Jedinak
Company Number
12011909 (England and Wales)
Registered Office
3 Church Close Merton Bicester Oxfordshire OX25 2NB England
Accountants
Bunting & Co Punches Barn Waterperry Road Holton Oxfordshire OX33 1PR
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Ethical It Services Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
29,155
31,165
Tangible assets
5
4,853
922
34,008
32,087
Current assets
Debtors
6
362,577
161,561
Cash at bank and in hand
145,970
133,121
508,547
294,682
Creditors: amounts falling due within one year
7
(362,709)
(222,743)
Net current assets
145,838
71,939
Total assets less current liabilities
179,846
104,026
Creditors: amounts falling due after more than one year
8
(791)
(11,666)
Net assets
179,055
92,360
Capital and reserves
Called up share capital
4
4
Profit and loss account
179,051
92,356
Shareholders' funds
179,055
92,360
For the year ending 31 March 2025 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 26 August 2025 and were signed on its behalf by
Mr A C Evans Director Company Registration No. 12011909
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Ethical It Services Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Ethical It Services Limited is a private company, limited by shares, registered in England and Wales, registration number 12011909. The registered office is 3 Church Close, Merton, Bicester, Oxfordshire, OX25 2NB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
40,210
At 31 March 2025
40,210
Amortisation
At 1 April 2024
9,045
Charge for the year
2,010
At 31 March 2025
11,055
Net book value
At 31 March 2025
29,155
At 31 March 2024
31,165
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Ethical It Services Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
69,630
Additions
5,539
At 31 March 2025
75,169
Depreciation
At 1 April 2024
68,708
Charge for the year
1,608
At 31 March 2025
70,316
Net book value
At 31 March 2025
4,853
At 31 March 2024
922
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
319,601
139,158
Other debtors
42,976
22,403
362,577
161,561
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,394
10,000
Trade creditors
151,030
40,000
Taxes and social security
110,453
89,969
Other creditors
61,932
59,766
Accruals
34,900
23,008
362,709
222,743
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
791
11,666
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Ethical It Services Limited Notes to the Accounts for the year ended 31 March 2025
9
Transactions with related parties
Joint Application Development Enterprises Ltd Ethical It Services Ltd is 50% owned by Joint Application Development Enterprises Ltd. During the year to 31st March 2025 the company received purchase invoices from Joint Application Development Enterprises Ltd amounting to £42000 plus Vat for management fees (2024 - £42000 ).and £299222 plus Vat for other services (2024-£257478). The company raised invoices to Joint Application Development Enterprises Ltd during the year amounting to £4518 plus VAT (2024 - £3068) The amount owing by Ethical IT Services Ltd to Joint Application Development Enterprises Limited at the end of the year was £3960 (2024 - £9300). The amount owed by Joint Application Development Enterprises Limited to Ethical IT Services Ltd at the end of the year was £905 (2024- £913)These transactions were carried out in the normal course of business.
10
Average number of employees
During the year the average number of employees was 15 (2024: 12).
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