Business I.T. Systems Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

1. General Information

Business I.T. Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02563646 . The registered office is 104a Roebuck Road, Chessington, Surrey, KT9 1EU.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The balance sheet shows net current liabilities. Included within current liabilities are the amounts due to the directors, without which the balance sheet would show a stronger position.

There are no formal terms attaching to these loans which are repayable on demand however the directors have confirmed that they will continue to give financial suport to the company. The directors therefore consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support was withdrawn.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of computer supplies is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from computer services is recognised by reference to the date of sale.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation or valuation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold	0% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

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Business I.T. Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

At each balance sheet date assets are reviewed for any indication that the residual value or the useful life of the asset has changed.

Freehold land and buildings were valued at 31 December 2024. The valuation was undertaken by the directors on an open market basis.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial instruments include debtors and creditors receivable or payable within one year and cash and bank balances.

Financial assets that are measured at cost and amortised cost are assessed at each balance sheet date for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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Business I.T. Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Employee benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2.10. Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, and impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2025	700,000	8,423	11,179	719,602
Additions	-	-	7,965	7,965
Disposals	(700,000 )	(4,500 )	(3,162 )	(707,662 )

As at 31 December 2025	-	3,923	15,982	19,905

Depreciation
As at 1 January 2025	-	8,423	10,116	18,539
Provided during the period	-	-	3,167	3,167
Disposals	-	(4,500 )	(3,013 )	(7,513 )

As at 31 December 2025	-	3,923	10,270	14,193

Net Book Value
As at 31 December 2025	-	-	5,712	5,712

As at 1 January 2025	700,000	-	1,063	701,063

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Business I.T. Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Cost or valuation as at 31 December 2025 represented by:

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
At cost	-	3,923	15,982	19,905

	-	3,923	15,982	19,905

5. Stocks

	2025	2024
	£	£
Stock	5,000	5,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,923	37,101
Other debtors	91	6,798

	6,014	43,899
Due after more than one year
Other debtors	5,064	-

	11,078	43,899

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,252	87,910
Other creditors	384,288	397,676
Taxation and social security	87,205	60,697

	480,745	546,283

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Business I.T. Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	7,934	7,934
Later than one year and not later than five years	11,241	19,175

	19,175	27,109

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,712		701,063

			5,712		701,063
CURRENT ASSETS
Stocks	5	5,000		5,000
Debtors	6	11,078		43,899
Cash at bank and in hand		886,304		162,748

		902,382		211,647
Creditors: Amounts Falling Due Within One Year	7	(480,745 )		(546,283 )

NET CURRENT ASSETS (LIABILITIES)			421,637		(334,636 )

TOTAL ASSETS LESS CURRENT LIABILITIES			427,349		366,427

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(8,432 )

NET ASSETS			427,349		357,995

CAPITAL AND RESERVES
Called up share capital			100		100
Fair value reserve			-		235,236
Income Statement			427,249		122,659

SHAREHOLDERS' FUNDS			427,349		357,995