Concept It Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05370595

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		117,756		139,385

			117,756		139,385
CURRENT ASSETS
Stocks	5	22,452		34,190
Debtors	6	182,826		120,205
Cash at bank and in hand		85,235		127,770

		290,513		282,165
Creditors: Amounts Falling Due Within One Year	7	(222,895 )		(203,875 )

NET CURRENT ASSETS (LIABILITIES)			67,618		78,290

TOTAL ASSETS LESS CURRENT LIABILITIES			185,374		217,675

Creditors: Amounts Falling Due After More Than One Year	8		(88,870 )		(124,700 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,934 )		(26,015 )

NET ASSETS			67,570		66,960

CAPITAL AND RESERVES
Called up share capital	10		51,000		51,000
Profit and Loss Account			16,570		15,960

SHAREHOLDERS' FUNDS			67,570		66,960

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Concept It Services Ltd

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account.

On behalf of the board

Mr Kevin Embleton Director	Mr Keith Embleton Director
03/09/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Concept It Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05370595 . The registered office is F8 Tanfield Lea Business Centre, Tanfield Lea, Stanley, DH9 9DB.

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.

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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	15% Reducing Balance

A full review of the useful economic lives of tangible fixed assets was undertaken during the year. Where appropriate, the useful economic lives have been changed to better reflect the current estimates by the directors and this is reflected in the depreciation charge for the year.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Concept It Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2025: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	28,874	50,315	129,377	139,611	348,177
Additions	480	-	2,558	1,664	4,702
Disposals	-	(10,901 )	-	-	(10,901 )

As at 28 February 2026	29,354	39,414	131,935	141,275	341,978

Depreciation
As at 1 March 2025	12,908	33,761	94,480	67,643	208,792
Provided during the period	2,467	3,467	5,341	10,936	22,211
Disposals	-	(6,781 )	-	-	(6,781 )

As at 28 February 2026	15,375	30,447	99,821	78,579	224,222

Net Book Value
As at 28 February 2026	13,979	8,967	32,114	62,696	117,756

As at 1 March 2025	15,966	16,554	34,897	71,968	139,385

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Concept It Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Stocks

	2026	2025
	£	£
Materials	6,494	2,589
Work in progress	15,958	31,601

	22,452	34,190

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	170,331	101,031
Prepayments and accrued income	8,084	1,395
Other debtors	4,411	2,411
Other debtors (2)	-	4

	182,826	104,841
Due after more than one year
Other debtors	-	15,364

	182,826	120,205

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,474	4,356
Trade creditors	36,586	64,461
Bank loans and overdrafts	40,759	48,259
Corporation tax	19,932	7,438
Other taxes and social security	4,939	3,798
VAT	30,315	15,269
Short term creditors	87,890	60,294

	222,895	203,875

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	2,089
Bank loans	81,852	122,611
Directors' loan account	7,018	-

	88,870	124,700

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Concept It Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,474	4,356
Later than one year and not later than five years	-	2,089

	2,474	6,445

	2,474	6,445

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	51,000	51,000

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