Company Registration number: 07336343

David Allen IT Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

David Allen IT Limited

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	49,000	56,000
Tangible assets	5	15,731	14,919
		64,731	70,919
Current assets
Stocks	6	73,169	61,762
Debtors	7	396,672	336,107
Cash at bank and in hand		638,249	259,370
		1,108,090	657,239
Creditors: Amounts falling due within one year	8	(796,556)	(504,078)
Net current assets		311,534	153,161
Total assets less current liabilities		376,265	224,080
Creditors: Amounts falling due after more than one year	8	(60,000)	(64,736)
Provisions for liabilities		(3,933)	(3,730)
Net assets		312,332	155,614
Capital and reserves
Called up share capital	9	20,000	20,000
Retained earnings		292,332	135,614
Shareholders' funds		312,332	155,614

David Allen IT Limited

Balance Sheet as at 31 December 2025 (continued)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 07336343

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:
 

......................................... Mr S D Allen Director

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dalmar House
Barras Lane Estate
Dalston
Carlisle
CA5 7NY

These financial statements were authorised for issue by the Board on 21 April 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

The taxation expense for the period comprises current tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised as other comprehensive income or directly in equity, respectively.
 

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
 

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 24).

4	INTANGIBLE ASSETS

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	140,000	140,000
At 31 December 2025	140,000	140,000
Amortisation
At 1 January 2025	84,000	84,000
Amortisation charge	7,000	7,000
At 31 December 2025	91,000	91,000
Carrying amount
At 31 December 2025	49,000	49,000
At 31 December 2024	56,000	56,000

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

5	TANGIBLE ASSETS

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	155,387	17,390	172,777
Additions	9,558	-	9,558
Disposals	(11,615)	-	(11,615)
At 31 December 2025	153,330	17,390	170,720
Depreciation
At 1 January 2025	141,195	16,663	157,858
Charge for the year	8,564	182	8,746
Eliminated on disposal	(11,615)	-	(11,615)
At 31 December 2025	138,144	16,845	154,989
Carrying amount
At 31 December 2025	15,186	545	15,731
At 31 December 2024	14,192	727	14,919

6

STOCKS

	2025 £	2024 £
Work in progress	55,343	21,588
Stock	17,826	40,174
	73,169	61,762

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	371,009	313,989
Prepayments	23,813	20,268
Other debtors	1,850	1,850
	396,672	336,107

8

CREDITORS

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Loans and borrowings		5,270	10,899
Trade creditors		186,177	196,561
Taxation and social security		187,567	187,276
Accruals and deferred income		4,741	3,630
Other creditors		412,801	105,712
		796,556	504,078

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Due after one year
Loans and borrowings		-	4,736
Other financial liabilities		60,000	60,000
		60,000	64,736

David Allen IT Limited

Notes to the financial statements for the Year Ended 31 December 2025 (continued)

9	SHARE CAPITAL

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	11,600	11,600	12,600	12,600
Ordinary A shares of £1 each	200	200	200	200
Ordinary B shares of £1 each	200	200	200	200
Ordinary C shares of £1 each	2,999	2,999	2,999	2,999
Ordinary D shares of £1 each	2,999	2,999	2,999	2,999
Ordinary E shares of £1 each	1,000	1,000	1,000	1,000
Ordinary F shares of £1 each	1	1	1	1
Ordinary G shares of £1 each	1	1	1	1
Ordinary H shares of £1 (2024 - £0) each	1,000	1,000	-	-
	20,000	20,000	20,000	20,000