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The ITSM People Ltd
Financial Statements
For The Year Ended 30 June 2026
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of The ITSM People Ltd For The Year Ended 30 June 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The ITSM People Ltd For The Year Ended 30 June 2026 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of The ITSM People Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The ITSM People Ltd and state those matters that we have agreed to state to the director of The ITSM People Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The ITSM People Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that The ITSM People Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The ITSM People Ltd . You consider that The ITSM People Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The ITSM People Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
22 July 2026
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
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Page 2
Statement of Financial Position
Registered number: 09098884
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 68,659 91,378
68,659 91,378
CURRENT ASSETS
Debtors 677,328 477,365
Cash at bank and in hand 979 9,312
678,307 486,677
Creditors: Amounts Falling Due Within One Year (673,294 ) (506,728 )
NET CURRENT ASSETS (LIABILITIES) 5,013 (20,051 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,672 71,327
Creditors: Amounts Falling Due After More Than One Year (99,505 ) (125,458 )
NET LIABILITIES (25,833 ) (54,131 )
CAPITAL AND RESERVES
Called up share capital 5 200 1
Income Statement (26,033 ) (54,132 )
SHAREHOLDERS' FUNDS (25,833) (54,131)
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For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Timothy Mills
Director
22 July 2026
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
The ITSM People Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09098884 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
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.
The company is showing net current liabilities as at 30 June 2026. The director has confirmed that he will continue to support the company financially, to allow it to continue its operations. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles 25% reducing balance & 25% straight line
Fixtures & fittings 20% reducing balance
Computer equipment 33% reducing balance
2.4. Financial Instruments
The company’s financial instruments comprise basic financial assets and liabilities, including cash at bank, debtor balances and creditor balances. These are initially recognised at transaction price and subsequently measured at amortised cost. The company does not hold or issue any complex financial instruments.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 3)
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4. Tangible assets
Motor vehicles Fixtures & fittings Computer equipment Total
£ £ £ £
Cost
As at 1 July 2025 180,093 1,542 5,029 186,664
Additions - 2,774 3,983 6,757
Disposals - - (1,999 ) (1,999 )
As at 30 June 2026 180,093 4,316 7,013 191,422
Depreciation
As at 1 July 2025 91,428 430 3,428 95,286
Provided during the period 26,733 778 1,782 29,293
Disposals - - (1,816 ) (1,816 )
As at 30 June 2026 118,161 1,208 3,394 122,763
Net Book Value
As at 30 June 2026 61,932 3,108 3,619 68,659
As at 1 July 2025 88,665 1,112 1,601 91,378
5. Share Capital
2026 2025
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 1
100 Ordinary B shares of £ 1.000 each 100 -
200 1
Shares issued during the period: £
99 Ordinary Shares of £ 1.000 each 99
100 Ordinary B shares of £ 1.000 each 100
199
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