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 2019

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 2019










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 2019







DIRECTORS: M Papageorge
J Butler





SECRETARY: M Papageorge





REGISTERED OFFICE: 4th Floor
33 Cannon Street
London
EC4M 5SB





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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 26,933 42,403
Investments 6 2,655 -
29,588 42,403

CURRENT ASSETS
Debtors 7 421,727 606,853
Cash at bank 679,842 569,735
1,101,569 1,176,588
CREDITORS
Amounts falling due within one year 8 880,817 877,838
NET CURRENT ASSETS 220,752 298,750
TOTAL ASSETS LESS CURRENT
LIABILITIES
250,340
341,153

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,240 341,053
SHAREHOLDERS' FUNDS 250,340 341,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 May 2020 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 2019


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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current 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 (2018 - 19 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


5. TANGIBLE FIXED ASSETS
Furniture
& fittings Equipment Totals
£    £    £   
COST
At 1 October 2018 72,501 79,442 151,943
Additions 873 9,494 10,367
At 30 September 2019 73,374 88,936 162,310
DEPRECIATION
At 1 October 2018 47,039 62,501 109,540
Charge for year 12,538 13,299 25,837
At 30 September 2019 59,577 75,800 135,377
NET BOOK VALUE
At 30 September 2019 13,797 13,136 26,933
At 30 September 2018 25,462 16,941 42,403

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,655
At 30 September 2019 2,655
NET BOOK VALUE
At 30 September 2019 2,655

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 295,613 491,567
Provision for doubtful debts (1,641 ) -
Employee advances 8,256 14,461
Rent deposit 35,258 35,000
Tax - 2,255
Prepayments and accrued income 84,241 63,570
421,727 606,853

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 70,486 87,647
Tax 14 -
Social security and other taxes 25,074 41,660
VAT 16,455 3,834
Pensions payable 3,553 2,149
Directors' current accounts 2,598 2,538
Accruals and deferred income 762,637 740,010
880,817 877,838

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date,.the company had rent commitments under a licence of more than one year of £37,500.

10. 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 £500 by the company (2018: £196).

At the balance sheet date M Papageorge was owed £2,098 by the company (2018: £2,342).

Page 6