REGISTERED NUMBER: 07384870 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EVERYTHING TECH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Allen

P J Smith

REGISTERED OFFICE:

30 - 32 Hanover House

Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

07384870 (England and Wales)

AUDITORS:

Goldwyns Limited

Statutory Auditors and Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Intangible assets

3

2,333

3,333

Tangible assets

4

75,487

46,873

Investments

5

613,120

613,120

690,940

663,326

CURRENT ASSETS

Debtors

6

1,615,543

1,558,399

Cash at bank and in hand

341,846

289,131

1,957,389

1,847,530

CREDITORS

Amounts falling due within one year

7

2,507,280

2,407,352

NET CURRENT LIABILITIES

(549,891

)

(559,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

141,049

103,504

PROVISIONS FOR LIABILITIES

9

11,500

11,500

NET ASSETS

129,549

92,004

CAPITAL AND RESERVES

Called up share capital

122

122

Share premium

1,998

1,998

Retained earnings

127,429

89,884

129,549

92,004

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 26 September 2025 and were signed on its behalf by:

M D Allen - Director

1.	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.

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.

Development costs 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.

Long leasehold

-

over remaining period of the lease

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 37 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

5,000

AMORTISATION

At 1 January 2024

1,667

Charge for year

1,000

At 31 December 2024

2,667

NET BOOK VALUE

At 31 December 2024

2,333

At 31 December 2023

3,333

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,650

39,648

74,227

115,525

Additions

-

-

46,196

46,196

At 31 December 2024

1,650

39,648

120,423

161,721

DEPRECIATION

At 1 January 2024

931

34,840

32,881

68,652

Charge for year

507

1,591

15,484

17,582

At 31 December 2024

1,438

36,431

48,365

86,234

NET BOOK VALUE

At 31 December 2024

212

3,217

72,058

75,487

At 31 December 2023

719

4,808

41,346

46,873

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

613,120

NET BOOK VALUE

At 31 December 2024

613,120

At 31 December 2023

613,120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

480,063

622,931

Amounts owed by group undertakings

989,368

756,938

Other debtors

146,112

178,530

1,615,543

1,558,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

279,931

371,595

Amounts owed to group undertakings

1,677,011

1,388,820

Taxation and social security

485,698

344,567

Other creditors

64,640

302,370

2,507,280

2,407,352

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

15,522

62,089

Between one and five years

-

15,522

15,522

77,611

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

11,500

11,500

Deferred

tax

£

Balance at 1 January 2024

11,500

Balance at 31 December 2024

11,500

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Howe BEng FCA (Senior Statutory Auditor)

for and on behalf of Goldwyns Limited

11.	CONTINGENT LIABILITIES

The company has given cross-guarantees is respect of its parent company's debts. At the balance sheet date, these liabilities totalled £9,837,500 (2023 - £7,484,811).

12.	ULTIMATE PARENT COMPANY

As at the balance sheet date, the directors consider the ultimate parent company to be Managed IT Services Group Limited, a company registered in England and Wales.