Call IT Automotive Limited Filleted accounts for Companies House (small and micro)
Call IT Automotive Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07366299
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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2019
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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England |
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Accountants |
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Chartered Accountants |
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Lynton House |
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7-12 Tavistock Square |
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London WC1H 9BQ |
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STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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(
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Net current liabilities |
(
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(
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Total assets less current liabilities |
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Provisions |
(
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(
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 May 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
07366299
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Churchill House, London Road, Slough, SL37JF, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.(a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Income tax
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment |
- |
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Software |
- |
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Furniture and fittings |
- |
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Impairment of fixed assets
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
40
(2018:
42
).
5.
Intangible assets
Development costs |
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£ |
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Cost |
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At 1 January 2019 |
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Additions |
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At 31 December 2019 |
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Amortisation |
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At 1 January 2019 |
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Charge for the year |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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6.
Tangible assets
Computer equipment |
Software |
Furniture and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2019 |
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8,145
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Additions |
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– |
– |
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At 31 December 2019 |
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8,145
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-------- |
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------- |
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Depreciation |
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At 1 January 2019 |
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6,329
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Charge for the year |
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1,550
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-------- |
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------- |
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At 31 December 2019 |
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7,879
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-------- |
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Carrying amount |
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At 31 December 2019 |
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266
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-------- |
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At 31 December 2018 |
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1,816
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7.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
At the balance sheet date the directors loan account was in credit by £170,614 (2018: £69,614). The loan is interest free and repayable on demand.