REGISTERED NUMBER: 07393725 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

FOR

848 IT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F Burn

D F Burn

REGISTERED OFFICE:

Unit 3 Marconi Gate

Staffordshire Technology Park

Stafford

Staffordshire

ST18 0FZ

REGISTERED NUMBER:

07393725 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

104,560

121,392

CURRENT ASSETS

Debtors

5

3,460,004

4,025,746

Cash at bank

97,606

111,927

3,557,610

4,137,673

CREDITORS

Amounts falling due within one year

6

3,382,963

3,802,862

NET CURRENT ASSETS

174,647

334,811

TOTAL ASSETS LESS CURRENT LIABILITIES

279,207

456,203

CREDITORS

Amounts falling due after more than one year

7

-

(6,286

)

PROVISIONS FOR LIABILITIES

(22,376

)

(30,348

)

NET ASSETS

256,831

419,569

CAPITAL AND RESERVES

Called up share capital

8

118

118

Share premium

9

25,982

25,982

Retained earnings

9

230,731

393,469

SHAREHOLDERS' FUNDS

256,831

419,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2025 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.

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 20 July 2026 and were signed on its behalf by:

K F Burn - Director

1.	STATUTORY INFORMATION

848 IT Services 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.

Turnover

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

When the outcome of a transaction can be estimated reliably, turnover from the provision of IT support and services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the extent that the service has been provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 42 (2024 - 66 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 October 2024

27,154

35,934

139,697

90,245

293,030

Additions

16,339

783

-

4,594

21,716

Disposals

(8,208

)

-

-

-

(8,208

)

At 30 October 2025

35,285

36,717

139,697

94,839

306,538

DEPRECIATION

At 31 October 2024

10,104

32,426

50,291

78,817

171,638

Charge for year

6,004

2,435

17,881

5,662

31,982

Eliminated on disposal

(1,642

)

-

-

-

(1,642

)

At 30 October 2025

14,466

34,861

68,172

84,479

201,978

NET BOOK VALUE

At 30 October 2025

20,819

1,856

71,525

10,360

104,560

At 30 October 2024

17,050

3,508

89,406

11,428

121,392

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 31 October 2024

and 30 October 2025

139,697

DEPRECIATION

At 31 October 2024

50,291

Charge for year

17,881

At 30 October 2025

68,172

NET BOOK VALUE

At 30 October 2025

71,525

At 30 October 2024

89,406

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.25

30.10.24

£

£

Trade debtors

791,658

682,062

Amounts owed by group undertakings

2,364,207

2,502,422

Other debtors

11,300

7,914

Directors' current accounts

211,695

205,270

Tax

59,895

57,727

Prepayments and accrued income

-

521,211

Prepayments

21,249

49,140

3,460,004

4,025,746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.25

30.10.24

£

£

Bank loans and overdrafts

6,667

10,381

Hire purchase contracts

97,358

101,343

Trade creditors

884,388

1,603,029

Amounts owed to group undertakings

1,562,500

1,212,733

Tax

57,402

59,068

Social security and other taxes

57,350

92,597

VAT

251,412

206,377

Other creditors

235,357

137,939

Accrued expenses

230,529

379,395

3,382,963

3,802,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.10.25

30.10.24

£

£

Bank loans - 1-2 years

-

6,286

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.10.25

30.10.24

value:

£

£

1,177

Ordinary A

10p

118

118

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 31 October 2024

393,469

25,982

419,451

Profit for the year

141,262

141,262

Dividends

(304,000

)

(304,000

)

At 30 October 2025

230,731

25,982

256,713

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 October 2025 and 30 October 2024:

30.10.25

30.10.24

£

£

D F Burn

Balance outstanding at start of year

3,671

3,671

Amounts advanced

138

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,809

3,671

K F Burn

Balance outstanding at start of year

201,599

157,505

Amounts advanced

13,130

44,094

Amounts repaid

(6,843

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

207,886

201,599

11.	ULTIMATE CONTROLLING PARTY

The controlling party is 848 Holdings Limited.

The ultimate controlling party is D Burn and K Burn.