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Company Registration No. 08651914 (England and Wales)
JP IT Solutions Ltd Unaudited accounts for the year ended 31 December 2025
JP IT Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JP IT Solutions Ltd Company Information for the year ended 31 December 2025
Director
Jason Parrington
Company Number
08651914 (England and Wales)
Registered Office
ELCOT PARK ELCOT LANE MARLBOROUGH SN8 2BG ENGLAND
Accountants
Asset Accounting (Swindon) Ltd Second Floor 11-12 Market Place Faringdon Oxfordshire SN7 7HP
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JP IT Solutions Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
79,628
43,005
Current assets
Inventories
5
20,000
20,000
Debtors
6
45,953
27,626
Cash at bank and in hand
226,689
191,734
292,642
239,360
Creditors: amounts falling due within one year
7
(92,747)
(77,798)
Net current assets
199,895
161,562
Net assets
279,523
204,567
Capital and reserves
Called up share capital
100
100
Profit and loss account
279,423
204,467
Shareholders' funds
279,523
204,567
For the year ending 31 December 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 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 6 May 2026 and were signed on its behalf by
Jason Parrington Director Company Registration No. 08651914
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JP IT Solutions Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
JP IT Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08651914. The registered office is ELCOT PARK, ELCOT LANE, MARLBOROUGH, SN8 2BG, 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.
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.
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:
Motor vehicles
20% RB
Computer equipment
33% SL
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Taxation
The Tax expense for the period comprises of current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted by the reporting date in the countries where the company operates and generates taxable income.
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JP IT Solutions Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
32,064
35,377
67,441
Additions
58,333
2,443
60,776
At 31 December 2025
90,397
37,820
128,217
Depreciation
At 1 January 2025
-
24,436
24,436
Charge for the year
18,013
6,140
24,153
At 31 December 2025
18,013
30,576
48,589
Net book value
At 31 December 2025
72,384
7,244
79,628
At 31 December 2024
32,064
10,941
43,005
5
Inventories
2025
2024
£
£
Finished goods
20,000
20,000
20,000
20,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
64,457
44,282
Accrued income and prepayments
(25,300)
(25,300)
Other debtors
6,796
8,644
45,953
27,626
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,154
8,142
Trade creditors
54,060
33,884
Taxes and social security
20,105
35,141
Loans from directors
9,878
81
Accruals
550
550
92,747
77,798
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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