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Company Registration No. 07375886 (England and Wales)
Infotech (sw) Ltd Unaudited accounts for the year ended 30 September 2024
Infotech (sw) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Infotech (sw) Ltd Company Information for the year ended 30 September 2024
Director
Alison Pike
Company Number
07375886 (England and Wales)
Registered Office
C/o Swift Accounting Ground Floor, The Custom House The Strand Barnstaple Devon EX31 1EU United Kingdom
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Infotech (sw) Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
23,410 
32,515 
Current assets
Debtors
5
339,015 
285,764 
Cash at bank and in hand
7,660 
14,515 
346,675 
300,279 
Creditors: amounts falling due within one year
6
(135,944)
(120,279)
Net current assets
210,731 
180,000 
Total assets less current liabilities
234,141 
212,515 
Creditors: amounts falling due after more than one year
7
(41,130)
(48,871)
Provisions for liabilities
Deferred tax
(5,853)
(8,129)
Net assets
187,158 
155,515 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
186,958 
155,315 
Shareholders' funds
187,158 
155,515 
For the year ending 30 September 2024 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 director acknowledges her 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 and authorised for issue on 30 September 2025 and were signed on its behalf by
Alison Pike Director Company Registration No. 07375886
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Infotech (sw) Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Infotech (sw) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07375886. The registered office is C/o Swift Accounting, Ground Floor, The Custom House, The Strand, Barnstaple, Devon, EX31 1EU, United Kingdom.
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
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
5 years straight line
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Infotech (sw) Ltd Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
59,115 
37,583 
96,698 
At 30 September 2024
59,115 
37,583 
96,698 
Depreciation
At 1 October 2023
50,759 
13,424 
64,183 
Charge for the year
3,065 
6,040 
9,105 
At 30 September 2024
53,824 
19,464 
73,288 
Net book value
At 30 September 2024
5,291 
18,119 
23,410 
At 30 September 2023
8,356 
24,159 
32,515 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,050 
33,828 
Accrued income and prepayments
1,674 
1,194 
Other debtors
315,291 
250,742 
339,015 
285,764 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,242 
39,939 
VAT
10,222 
12,775 
Obligations under finance leases and hire purchase contracts
4,750 
4,750 
Trade creditors
2,846 
4,076 
Taxes and social security
79,106 
57,869 
Other creditors
2,782 
(2,742)
Accruals
996 
3,612 
135,944 
120,279 
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Infotech (sw) Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
37,172 
40,163 
Obligations under finance leases and hire purchase contracts
3,958 
- 
Other creditors
- 
8,708 
41,130 
48,871 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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