REGISTERED NUMBER: 05366037 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

it sO works limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E L Ostrowski

Mrs J D Ostrowski

SECRETARY:

Mrs J D Ostrowski

REGISTERED OFFICE:

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

REGISTERED NUMBER:

05366037 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

109,019

59,571

CURRENT ASSETS

Debtors

20,995

29,786

Cash at bank

39,295

17,824

60,290

47,610

CREDITORS

Amounts falling due within one year

59,184

46,669

NET CURRENT ASSETS

1,106

941

TOTAL ASSETS LESS CURRENT LIABILITIES

110,125

60,512

CREDITORS

Amounts falling due after more than one year

(50,736

)

(2,499

)

PROVISIONS FOR LIABILITIES

-

(328

)

NET ASSETS

59,389

57,685

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,289

57,585

SHAREHOLDERS' FUNDS

59,389

57,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

E L Ostrowski - Director

1.	STATUTORY INFORMATION

it sO works limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The directors have considered the cash flow and profitability of the company for the forthcoming year and consider that the company has the ability to settle its liabilities as they fall due. On this basis the directors consider that the going concern basis of preparation to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

71,516

Additions

96,351

Disposals

(43,375

)

At 31 March 2026

124,492

DEPRECIATION

At 1 April 2025

11,945

Charge for year

8,046

Eliminated on disposal

(4,518

)

At 31 March 2026

15,473

NET BOOK VALUE

At 31 March 2026

109,019

At 31 March 2025

59,571

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

E L Ostrowski and Mrs J D Ostrowski

Balance outstanding at start of year

(10,499

)

(12,954

)

Amounts advanced

-

2,455

Amounts repaid

(1,949

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(12,448

)

(10,499

)

The sum of £12,448 was owed by the company to the directors (2025 £10,499). £12,448 was the maximum amount outstanding during the year.Interest has not been paid or accrued on the sum outstanding.