REGISTERED NUMBER: 09983126 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ITSOL MANAGED SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A Hedley

Mr D M Littleboy

REGISTERED OFFICE:

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

09983126 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Intangible assets

4

-

1,500

Tangible assets

5

7,941

13,763

7,941

15,263

CURRENT ASSETS

Stocks

1,430

1,738

Debtors

6

159,097

154,843

Cash at bank

90,920

72,704

251,447

229,285

CREDITORS

Amounts falling due within one year

7

229,233

207,788

NET CURRENT ASSETS

22,214

21,497

TOTAL ASSETS LESS CURRENT LIABILITIES

30,155

36,760

CREDITORS

Amounts falling due after more than one year

8

-

(3,497

)

PROVISIONS FOR LIABILITIES

(1,985

)

(3,441

)

NET ASSETS

28,170

29,822

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

28,070

29,722

SHAREHOLDERS' FUNDS

28,170

29,822

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

Mr D M Littleboy - Director

1.	STATUTORY INFORMATION

Itsol Managed 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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

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.

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 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 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

15,000

AMORTISATION

At 1 April 2025

13,500

Charge for year

1,500

At 31 March 2026

15,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

1,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

162,980

Additions

1,043

At 31 March 2026

164,023

DEPRECIATION

At 1 April 2025

149,217

Charge for year

6,865

At 31 March 2026

156,082

NET BOOK VALUE

At 31 March 2026

7,941

At 31 March 2025

13,763

6.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

28,018

16,094

Other debtors

98,449

106,119

126,467

122,213

Amounts falling due after more than one year:

Other debtors

32,630

32,630

Aggregate amounts

159,097

154,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loan

3,521

10,441

Payments on account

43,611

47,568

Trade creditors

24,930

11,144

Taxation and social security

125,753

106,054

Other creditors

31,418

32,581

229,233

207,788

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,497

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

8,000

-

Between one and five years

-

24,000

8,000

24,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50

Ordinary A

1

100

50

50

Ordinary B

1

-

50

100

100

11.	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

£

£

Mr R A Hedley

Balance outstanding at start of year

48,524

48,449

Amounts advanced

113,780

110,075

Amounts repaid

(111,780

)

(110,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,524

48,524

Mr D M Littleboy

Balance outstanding at start of year

43,932

48,855

Amounts advanced

78,000

80,077

Amounts repaid

(85,000

)

(85,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,932

43,932