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Company Registration No. 06650426 (England and Wales)
B2b It Ltd Unaudited accounts for the year ended 31 December 2024
B2b It Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
B2b It Ltd Company Information for the year ended 31 December 2024
Director
Mr I.J. Hudson
Company Number
06650426 (England and Wales)
Registered Office
7 Beeston Court Stuart Road Manor Park Runcorn WA7 1SS United Kingdom
- 3 -
B2b It Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
294,246
371,098
Current assets
Inventories
2,500
63,335
Debtors
5
579,269
729,264
Cash at bank and in hand
54,512
73,383
636,281
865,982
Creditors: amounts falling due within one year
6
(337,539)
(489,431)
Net current assets
298,742
376,551
Total assets less current liabilities
592,988
747,649
Creditors: amounts falling due after more than one year
7
-
(84,150)
Provisions for liabilities
Deferred tax
(47,235)
(47,235)
Net assets
545,753
616,264
Capital and reserves
Called up share capital
50
50
Profit and loss account
545,703
616,214
Shareholders' funds
545,753
616,264
For the year ending 31 December 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 his 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 31 December 2025 and were signed on its behalf by
Mr I.J. Hudson Director Company Registration No. 06650426
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B2b It Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
B2b It Ltd is a private company, limited by shares, registered in England and Wales, registration number 06650426. The registered office is 7 Beeston Court, Stuart Road, Manor Park, Runcorn, WA7 1SS, 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
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:
Land & buildings
10% pa straight line
Plant & machinery
5% pa straight line
Motor vehicles
25% pa reducing balance
Fixtures & fittings
20% pa straight line
Computer equipment
15% pa straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
262,443
825
9,168
41,437
488,101
801,974
Additions
4,403
-
-
-
1,373
5,776
At 31 December 2024
266,846
825
9,168
41,437
489,474
807,750
Depreciation
At 1 January 2024
61,894
825
6,448
18,680
343,029
430,876
Charge for the year
26,428
-
680
7,940
47,580
82,628
At 31 December 2024
88,322
825
7,128
26,620
390,609
513,504
Net book value
At 31 December 2024
178,524
-
2,040
14,817
98,865
294,246
At 31 December 2023
200,549
-
2,720
22,757
145,072
371,098
- 5 -
B2b It Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
56,956
202,659
Amounts due from group undertakings etc.
322,677
509,801
Accrued income and prepayments
1,820
12,173
Other debtors
197,816
4,631
579,269
729,264
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
66,556
VAT
35,568
53,907
Trade creditors
67,869
159,085
Amounts owed to group undertakings and other participating interests
283,329
-
Taxes and social security
(67,341)
46,837
Other creditors
11,910
156,246
Accruals
6,204
6,800
337,539
489,431
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
-
84,150
8
Average number of employees
During the year the average number of employees was 15 (2023: 23).
- 6 -