Company Registration No. 08184154 (England and Wales)
Iain Brown It Solutions Ltd
Unaudited accounts
for the year ended 31 August 2026
Iain Brown It Solutions Ltd
Unaudited accounts
for the year ended 31 August 2026
Iain Brown It Solutions Ltd
Statement of Financial Position
as at 31 August 2026
Tangible fixed assets
389
519
Cash at bank and in hand
84,373
97,280
Creditors: amounts falling due within one year
(2,423)
(3,887)
Net current assets/(liabilities)
85,208
96,680
Total assets less current liabilities
85,597
97,199
Net assets/liabilities
85,597
97,199
Called up share capital
1
1
Profit and loss account
85,596
97,198
Shareholders' funds
85,597
97,199
For the period ending 31 August 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 in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of FRS 102 Section 1A - small entities.The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Iain Brown It Solutions Ltd
Statement of Financial Position
as at 31 August 2026
This report was approved by the board of directors on 01 October 2026
and signed on behalf of the board by:
.......................
Iain Brown
Director
Company Registration Number 08184154
The principal activity of the company is Business and domestic software development. The company is a private company limited by shares, which is incorporated in England and Wales (no 08184154). The address of the registered office is 84 Buckminster Road Leicester LE3 9AS.
Iain Brown It Solutions Ltd
Notes to the financial statements
for the year ended 31 August 2026
Iain Brown It Solutions Ltd is a private company limited by shares, registered in England and Wales, registration number 08184154.
The registered office is 84 Buckminster Road, Leicester, LE3 9AS.
2 Compliance with Accounting Standards
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 Section 1A Small Entities. There were no significant departures from that standard.
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.
The financial statements are presented in pounds sterling (£), which is the company's functional and presentation currency.
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the rendering of services is recognised by reference to the stage of completion of the transaction at the reporting date.
Property, plant and equipment
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on equipment at 25% per annum on a reducing balance basis, so as to write off the cost less estimated residual value over its expected useful life.
Dividends are recognised as a liability when they become legally payable. Interim dividends are recognised when paid and final dividends are recognised when approved by the shareholders.
The financial statements have been prepared on a going concern basis. The director has considered the company’s financial position, including its cash resources and liabilities, and considers that the company has adequate resources to continue in operational existence for the foreseeable future.
Short-term employee benefits, including salaries and employer’s National Insurance contributions, are recognised as an expense in the period in which the related service is provided.
Ordinary shares are classified as equity. The company has one ordinary share of £1, which is fully paid.
Iain Brown It Solutions Ltd
Notes to the financial statements
for the year ended 31 August 2026
| |
£ |
£ |
| Operating profit is stated after charging/(crediting): |
|
|
| Depreciation of tangible fixed assets |
130
|
173
|
| Directors' remuneration |
12,570
|
12,570
|
|
|
|
| |
Computer |
Total |
| |
equipment |
|
| |
£ |
£ |
|
Cost
|
|
|
| At 31 August 2025 |
4,459
|
4,459
|
| Additions |
-
|
-
|
| Disposals |
-
|
-
|
| Revaluations |
-
|
-
|
|
|
|
| At 31 August 2026 |
4,459
|
4,459
|
|
|
|
|
Depreciation
|
|
|
| At 31 August 2025 |
3,940
|
3,940
|
| On disposals |
-
|
-
|
| Charge for the year |
130
|
130
|
| Other movements (impairment / revaluation) |
-
|
-
|
|
|
|
| At 31 August 2026 |
4,070
|
4,070
|
|
|
|
|
|
|
|
Net book value
|
|
|
| At 31 August 2026 |
389
|
389
|
|
|
|
| At 31 August 2025 |
519
|
519
|
|
|
|
| |
£ |
£ |
| Accrued income and prepayments |
3,010
|
3,287
|
| Other debtors |
248
|
-
|
|
|
|
|
3,258
|
3,287
|
|
|
|
Iain Brown It Solutions Ltd
Notes to the financial statements
for the year ended 31 August 2026
8 Creditors: amounts falling due within one year
| |
£ |
£ |
| Accruals |
64
|
553
|
| Corporation tax provision |
651
|
651
|
| PAYE and NI |
-
|
189
|
| Directors loan accounts |
1,708
|
2,494
|
|
|
|
|
2,423
|
3,887
|
|
|
|
| |
£ |
£ |
| Allotted, called up and fully paid |
|
1
Ordinary shares of £1.00 each
|
1
|
1
|
|
|
|
10 Transactions with related parties
At 31 August 2026 the company owed the director £1,708 (2025: £2,494). The balance is unsecured, interest free and repayable on demand.
11 Average number of employees
The average number of persons employed, including directors, during the year was 1 (2025: 1).
12 Prior period adjustment
The comparative figures have been restated to correct errors in earlier accounting periods relating to the recognition of bank interest on an accruals basis and omitted tax and payroll liabilities. At 1 September 2024 retained earnings were increased by £2,736. The loss for the year ended 31 August 2025 has been increased by £302. At 31 August 2025 debtors have been increased by £3,287, creditors falling due within one year have been increased by £853, and retained earnings and net assets have consequently been increased by £2,434. These adjustments have no effect on cash at bank.