Company Registration No. 04698244 (England and Wales)
Storm-I.T. Limited
Unaudited accounts
for the year ended 31 March 2025
Storm-I.T. Limited
Unaudited accounts
Contents
Storm-I.T. Limited
Company Information
for the year ended 31 March 2025
Company Number
04698244 (England and Wales)
Registered Office
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
United Kingdom
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Storm-I.T. Limited
Statement of financial position
as at 31 March 2025
Tangible assets
80,234
91,926
Debtors
1,823,093
1,474,893
Cash at bank and in hand
181,016
211,475
Creditors: amounts falling due within one year
(292,248)
(291,621)
Net current assets
1,712,861
1,395,747
Total assets less current liabilities
1,793,095
1,487,673
Creditors: amounts falling due after more than one year
(7,346)
(17,422)
Net assets
1,785,749
1,470,251
Called up share capital
120
120
Profit and loss account
1,785,629
1,470,131
Shareholders' funds
1,785,749
1,470,251
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2025 and were signed on its behalf by
Mr W S Lipman
Director
Company Registration No. 04698244
Storm-I.T. Limited
Notes to the Accounts
for the year ended 31 March 2025
Storm-I.T. Limited is a private company, limited by shares, registered in England and Wales, registration number 04698244. The registered office is Unit 5 Swaker Yard, 2b Theobald Street, Herts, WD6 4SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Storm-I.T. Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
41,461
55,121
128,934
225,516
At 31 March 2025
41,461
55,121
130,166
226,748
At 1 April 2024
-
48,540
85,050
133,590
Charge for the year
-
1,645
11,279
12,924
At 31 March 2025
-
50,185
96,329
146,514
At 31 March 2025
41,461
4,936
33,837
80,234
At 31 March 2024
41,461
6,581
43,884
91,926
Amounts falling due within one year
Trade debtors
63,708
59,905
Accrued income and prepayments
2,244
2,048
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,753,874
1,409,818
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
159,403
80,835
Taxes and social security
93,992
110,601
Loans from directors
770
61
7
Creditors: amounts falling due after more than one year
2025
2024
Storm-I.T. Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
50 A Ordinary shares of £1 each
50
50
10 B Ordinary shares of £1 each
10
10
10 C Ordinary shares of £1 each
10
10
9
Transactions with related parties
At the balance sheet date, included within Other Debtors due more than one year:
The company was owed an amount in the sum of £1,405,586 (2024 - £1,374,095) by Storm Invest Limited, a company with a common director and shareholder. The receivable is repayable on demand and is unsecured.
The company was owed an amount in the sum of £3,714 (2024 - £865) by Storm Comms Limited, a company with a common director and shareholder. The receivable is repayable on demand and is unsecured.
The company was owed an amount in the sum of £40,763 (2024 - £34,858) by Storm Coffee Co Limited, a company with a common director and shareholder. The receivable is repayable on demand and is unsecured.
The company was owed an amount in the sum of £303,811 (2024 - £Nil) by Storm Prop Limited, a company with a common director and shareholder. The receivable is repayable on demand and is unsecured.
10
Average number of employees
During the year the average number of employees was 14 (2024: 14).