REGISTERED NUMBER: 08697858 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

IT As A Service Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Relf

Mrs Z Relf

SECRETARY:

Mrs Z Relf

REGISTERED OFFICE:

Tegglers

Goodwood Close

Burghfield Common

Reading

Berkshire

RG7 3EZ

REGISTERED NUMBER:

08697858 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Unit 4D, Lansbury Business Estate

102 Lower Guildford Road

Knaphill

Woking

Surrey

GU21 2EP

FIXED ASSETS

Property, plant and equipment

4

48,571

1,273

CURRENT ASSETS

Debtors

5

121,580

113,447

Cash at bank

-

12,216

121,580

125,663

CREDITORS

Amounts falling due within one year

6

(32,025

)

(38,982

)

NET CURRENT ASSETS

89,555

86,681

TOTAL ASSETS LESS CURRENT LIABILITIES

138,126

87,954

CREDITORS

Amounts falling due after more than one year

7

(35,288

)

-

PROVISIONS FOR LIABILITIES

(10,710

)

(289

)

NET ASSETS

92,128

87,665

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,028

87,565

92,128

87,665

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

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

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 23 September 2025 and were signed on its behalf by:

B Relf - Director

1.	STATUTORY INFORMATION

IT As A Service 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.

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

Revenue 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.

Plant and machinery

-

33% on cost

Motor vehicles

-

15% on cost

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.

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 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

5,584

-

5,584

Additions

1,681

55,535

57,216

At 31 December 2024

7,265

55,535

62,800

DEPRECIATION

At 1 January 2024

4,311

-

4,311

Charge for year

1,588

8,330

9,918

At 31 December 2024

5,899

8,330

14,229

NET BOOK VALUE

At 31 December 2024

1,366

47,205

48,571

At 31 December 2023

1,273

-

1,273

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

121,320

113,447

Other debtors

260

-

121,580

113,447

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

2,001

-

Hire purchase contracts

5,243

-

Taxation and social security

19,616

36,110

Other creditors

5,165

2,872

32,025

38,982

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

35,288

-