REGISTERED NUMBER: 06403781 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

YOUR IT DEPARTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Hewson

Mrs S M Hewson

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

REGISTERED NUMBER:

06403781 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

371,784

374,598

CURRENT ASSETS

Stocks

19,493

14,064

Debtors

5

341,090

299,805

Cash at bank

275,736

130,839

636,319

444,708

CREDITORS

Amounts falling due within one year

6

445,230

363,928

NET CURRENT ASSETS

191,089

80,780

TOTAL ASSETS LESS CURRENT LIABILITIES

562,873

455,378

CREDITORS

Amounts falling due after more than one year

7

(227,360

)

(246,314

)

PROVISIONS FOR LIABILITIES

(35,242

)

(35,465

)

NET ASSETS

300,271

173,599

CAPITAL AND RESERVES

Called up share capital

9

70

70

Revaluation reserve

10

116,195

114,392

Capital redemption reserve

10

30

30

Retained earnings

10

183,976

59,107

SHAREHOLDERS' FUNDS

300,271

173,599

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.

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 30 July 2026 and were signed on its behalf by:

L R Hewson - Director

1.	STATUTORY INFORMATION

Your IT Department 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 (£).

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 as modified by the revaluation of certain assets.

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.

Freehold property

-

2% on cost

Managed hardware

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Freehold property is included in the balance sheet at a value which in the opinion of the directors represents open market value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Grants recieved

Grants received in relation to expenditure on fixed assets are credited to deferred income and released to the profit and loss account over the life of the asset.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Managed

and

property

hardware

fittings

£

£

£

COST OR VALUATION

At 1 April 2025

335,000

16,709

47,933

Additions

-

4,571

6,418

At 31 March 2026

335,000

21,280

54,351

DEPRECIATION

At 1 April 2025

-

3,604

39,568

Charge for year

6,700

7,094

3,696

At 31 March 2026

6,700

10,698

43,264

NET BOOK VALUE

At 31 March 2026

328,300

10,582

11,087

At 31 March 2025

335,000

13,105

8,365

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

28,450

61,238

489,330

Additions

-

14,083

25,072

At 31 March 2026

28,450

75,321

514,402

DEPRECIATION

At 1 April 2025

12,447

59,113

114,732

Charge for year

4,001

6,395

27,886

At 31 March 2026

16,448

65,508

142,618

NET BOOK VALUE

At 31 March 2026

12,002

9,813

371,784

At 31 March 2025

16,003

2,125

374,598

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Managed

and

property

hardware

fittings

£

£

£

Valuation in 2025

335,000

-

-

Cost

-

21,280

54,351

335,000

21,280

54,351

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2025

-

-

335,000

Cost

28,450

75,321

179,402

28,450

75,321

514,402

If the freehold property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

230,817

230,817

Aggregate depreciation

43,083

38,467

Freehold property was valued on an open market basis on 22 May 2024 by Musson Liggins Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

335,442

299,250

Prepayments

5,648

555

341,090

299,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

16,993

14,993

Other loans

55,879

42,962

Trade creditors

136,583

143,600

Corporation tax

114,789

83,819

Social security and other taxes

105,918

75,507

Other creditors

11,700

-

Accrued expenses

3,368

3,047

445,230

363,928

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

227,360

246,314

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

244,353

261,307

The bank loan is secured on the assets of the business.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.03.26

31.03.25

Value:

£

£

100,000

Ordinary A

£0.0001

10

10

100,000

Ordinary B

£0.0001

10

10

250,000

Ordinary D

£0.0001

25

25

250,000

Ordinary E

£0.0001

25

25

70

70

On 26 September 2024 the company purchased 150,000 £0.0001 Ordinary A shares for a total consideration of £114,000.

On 26 September 2024 the company purchased 150,000 £0.0001 Ordinary B shares for a total consideration of £114,000.

10.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2025

59,107

114,392

30

173,529

Profit for the year

341,774

341,774

Dividends

(215,102

)

(215,102

)

Revaluation net of deferred tax

(1,803

)

1,803

-

-

At 31 March 2026

183,976

116,195

30

300,201

11.	ENTERPRISE MANAGEMENT INCENTIVE

The company operates an Enterprise Management Incentive share option scheme for the benefit of the senior employees. On 9 March 2023 options were granted on 30,000 £0.0001 Ordinary C shares at an exercise price of £0.10 per share. No options were exercised in the year and therefore nothing has been charged to the profit and loss account (2025 - £nil).