PRACTICAL IT SERVICES LIMITED

PRACTICAL IT SERVICES LIMITED

Statement of Financial Position

As at 28 February 2026

	2026 £		2025 £
Fixed assets		75,168		112,436
Current assets	53,191		52,941
Creditors: amount falling due within one year	(8,496)		(10,806)
Net current assets/(liabilities)		44,695		42,135
Total assets less current liabilities		119,863		154,571
Accruals and deferred income		(83)		(118)
Net assets/(liabilities)		119,780		154,453


Capital and reserves		119,780		154,453

Notes to the Accounts

Statutory Information

Practical It Services Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 06892516, registration address 18 St Lawrence Way, Bricket Wood, St Albans, Hertfordshire, AL2 3XN.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 1 (2025: 1).

Director's Responsibilities:

For the year ended 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

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Andrew John Hill
Director

Date approved: 26 October 2026