REGISTERED NUMBER: 06948650 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Contact IT Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Townsend

REGISTERED OFFICE:

4b Invincible Road Industrial Estate

Farnborough

GU14 7QU

REGISTERED NUMBER:

06948650 (England and Wales)

ACCOUNTANTS:

RAA Ledger Sparks Ltd

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Intangible assets

4

3,155

3,553

Tangible assets

5

3,675

4,917

6,830

8,470

Current assets

Stocks

168,627

168,627

Debtors

6

29,771

42,834

Cash at bank and in hand

6,984

11,284

205,382

222,745

Creditors

Amounts falling due within one year

7

(286,788

)

(265,407

)

Net current liabilities

(81,406

)

(42,662

)

Total assets less current liabilities

(74,576

)

(34,192

)

Creditors

Amounts falling due after more than one year

8

(7,849

)

(23,544

)

Provisions for liabilities

10

-

(227

)

Net liabilities

(82,425

)

(57,963

)

Capital and reserves

Called up share capital

100

100

Retained earnings

11

(82,525

)

(58,063

)

(82,425

)

(57,963

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2026 and were signed by:

M Townsend - Director

1.	STATUTORY INFORMATION

Contact IT Solutions 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.

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

The principal activity of the company continued to be that of the provision of computer cabling and accessories, as well as computer cabling installations.

2.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

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 represents amounts receivable for goods and services net of VAT and trade discounts.

INTANGIBLE FIXED ASSETS - GOODWILL

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years .

INTANGIBLE ASSETS

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development 10 Years

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% Reducing balance

Motor vehicles 25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STOCKS

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

DEFERRED TAX

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

LEASES

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

GOING CONCERN

At the balance sheet date, liabilities exceed assets by £82,425 (2024 - £57,963). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and majority shareholder. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

PENSION

DEFINED CONTRIBUTION PENSION PLAN

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

2,000

3,985

5,985

AMORTISATION

At 1 August 2024

2,000

432

2,432

Amortisation for year

-

398

398

At 31 July 2025

2,000

830

2,830

NET BOOK VALUE

At 31 July 2025

-

3,155

3,155

At 31 July 2024

-

3,553

3,553

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2024

15,684

9,319

25,003

Additions

1,525

-

1,525

At 31 July 2025

17,209

9,319

26,528

DEPRECIATION

At 1 August 2024

12,478

7,608

20,086

Charge for year

1,056

1,711

2,767

At 31 July 2025

13,534

9,319

22,853

NET BOOK VALUE

At 31 July 2025

3,675

-

3,675

At 31 July 2024

3,206

1,711

4,917

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,175

25,882

Other debtors

9,596

16,952

29,771

42,834

The director considers the carrying value of trade and other receivables approximate to their fair values

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,000

8,078

Trade creditors

96,343

112,839

Taxation and social security

84,556

72,154

Other creditors

97,889

72,336

286,788

265,407

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Legal charge at Companies House has been registered by Fibre Technologies Limited for the loan taken by company, which has fixed and floating charges over all the property or undertaking of the company and also contains negative pledge.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

11,333

Other creditors

4,516

12,211

7,849

23,544

The directors consider the carrying amounts of long-term liabilities approximate to their fair values.

Legal charge at Companies House has been registered by Fibre Technologies Limited for the loan taken by company, which has fixed and floating charges over all the property or undertaking of the company and also contains negative pledge.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

661

10.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

227

Deferred

tax

£

Balance at 1 August 2024

227

Provided during year

(229

)

Balance at 31 July 2025

(2

)

11.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £344 (2024 - £27).

Contributions totalling £220 (2024 - £139) were payable to fund at the balance sheet date.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

M Townsend

Balance outstanding at start of year

7,438

(2,204

)

Amounts advanced

83,527

79,734

Amounts repaid

(128,345

)

(70,092

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(37,380

)

7,438

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors are amounts due to the director of the company of £37,380 (2024 - £7,438 in other debtors). This loan is interest free and repayable on demand.