Company Registration No. 07614626 (England and Wales)
ITS A LOT LIMITED
Unaudited accounts
for the year ended 30 April 2025
ITS A LOT LIMITED
Unaudited accounts
Contents
ITS A LOT LIMITED
Company Information
for the year ended 30 April 2025
Directors
Mr Olufemi Oyeniran
Mr Nicholas Walker
Company Number
07614626 (England and Wales)
Registered Office
42 MARY GREEN
ABBEY ROAD
LONDON
NW8 0BP
ENGLAND
ITS A LOT LIMITED
Statement of financial position
as at 30 April 2025
Tangible assets
60,501
80,668
Cash at bank and in hand
70,854
33
Creditors: amounts falling due within one year
(175,414)
(41,255)
Net current liabilities
(104,560)
(41,222)
Total assets less current liabilities
(44,059)
39,446
Creditors: amounts falling due after more than one year
(88,535)
(103,691)
Net liabilities
(132,594)
(64,245)
Called up share capital
200
200
Profit and loss account
(132,794)
(64,445)
Shareholders' funds
(132,594)
(64,245)
For the year ending 30 April 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 6 May 2025 and were signed on its behalf by
Mr Nicholas Walker
Director
Company Registration No. 07614626
ITS A LOT LIMITED
Notes to the Accounts
for the year ended 30 April 2025
ITS A LOT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07614626. The registered office is 42 MARY GREEN, ABBEY ROAD, LONDON, NW8 0BP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
ITS A LOT LIMITED
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
6,050
80,667
86,717
At 30 April 2025
6,050
80,667
86,717
At 1 May 2024
6,049
-
6,049
Charge for the year
-
20,167
20,167
At 30 April 2025
6,049
20,167
26,216
At 30 April 2025
1
60,500
60,501
At 30 April 2024
1
80,667
80,668
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
30,298
2,295
Other creditors
37,400
37,400
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
80,667
80,667
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).