IT Energy Systems and Consulting Ltd - Accounts to registrar (filleted) - small 18.2

IT Energy Systems and Consulting Ltd - Accounts to registrar (filleted) - small 18.2

IT ENERGY SYSTEMS AND CONSULTING LIMITED - Company Information

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REGISTERED NUMBER: 03101263 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

IT ENERGY SYSTEMS AND CONSULTING LTD
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IT ENERGY SYSTEMS AND CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: M Papageorge
J Butler





SECRETARY: M Papageorge





REGISTERED OFFICE: Room 101, St Magnus House
3 Lower Thames Street
London
EC3R 6HD





REGISTERED NUMBER: 03101263 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS
Page 1
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 42,403 52,818

CURRENT ASSETS
Debtors 6 606,853 550,221
Cash at bank 569,735 666,322
1,176,588 1,216,543
CREDITORS
Amounts falling due within one year 7 877,838 932,726
NET CURRENT ASSETS 298,750 283,817
TOTAL ASSETS LESS CURRENT
LIABILITIES
341,153
336,635

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 341,053 336,535
SHAREHOLDERS' FUNDS 341,153 336,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes on pages 4 to 6 form part of these financial statements

Page 2 continued...
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

BALANCE SHEET - continued
30 SEPTEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 June 2019 and were signed on its behalf by:




J Butler - Director



M Papageorge - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


1. STATUTORY INFORMATION

IT Energy Systems and Consulting Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from FRS 102 Section 1A "Small Entities".

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture & fittings - 25% on cost
Equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 17 ) .

Page 4 continued...
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


5. TANGIBLE FIXED ASSETS
Furniture
& fittings Equipment Totals
£    £    £   
COST
At 1 October 2017 66,914 64,411 131,325
Additions 5,587 15,031 20,618
At 30 September 2018 72,501 79,442 151,943
DEPRECIATION
At 1 October 2017 32,629 45,878 78,507
Charge for year 14,410 16,623 31,033
At 30 September 2018 47,039 62,501 109,540
NET BOOK VALUE
At 30 September 2018 25,462 16,941 42,403
At 30 September 2017 34,285 18,533 52,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
as restated
£    £   
Trade debtors 491,567 394,665
Provision for doubtful debts - (3,694 )
Other debtors - 50
Employee advances 14,461 10,346
Rent deposit 35,000 60,915
Tax 2,255 -
Prepayments and accrued income 63,570 87,939
606,853 550,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
as restated
£    £   
Trade creditors 87,647 107,796
Tax - 64,325
Social security and other taxes 41,660 46,187
VAT 3,834 5,419
Pensions payable 2,149 888
Directors' current accounts 2,538 2,181
Accruals and deferred income 740,010 705,930
877,838 932,726

Page 5 continued...
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


8. OTHER FINANCIAL COMMITMENTS

The company had rental and service charge commitments on a 2 year lease totalling £227,500 at the balance sheet date.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company maintained loan accounts with its directors J Butler & M Papageorge.

At the balance sheet date J Butler was owed £196 by the company (2017: J Butler owed £51 to the company).

At the balance sheet date M Papageorge was owed £2,342 by the company (2017: £2,232).

Page 6