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 2020

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 2020










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 2020







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 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,152 26,933
Investments 6 2,655 2,655
14,807 29,588

CURRENT ASSETS
Debtors 7 211,284 421,727
Cash at bank 1,038,722 679,842
1,250,006 1,101,569
CREDITORS
Amounts falling due within one year 8 929,191 880,817
NET CURRENT ASSETS 320,815 220,752
TOTAL ASSETS LESS CURRENT
LIABILITIES
335,622
250,340

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 335,522 250,240
SHAREHOLDERS' FUNDS 335,622 250,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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

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

BALANCE SHEET - continued
30 SEPTEMBER 2020


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 22 March 2021 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 2020


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 17 (2019 - 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 2020


5. TANGIBLE FIXED ASSETS
Furniture
& fittings Equipment Totals
£    £    £   
COST
At 1 October 2019 73,374 88,936 162,310
Additions - 14,181 14,181
Disposals (36,265 ) (50,662 ) (86,927 )
At 30 September 2020 37,109 52,455 89,564
DEPRECIATION
At 1 October 2019 59,577 75,800 135,377
Charge for year 999 9,439 10,438
Eliminated on disposal (24,539 ) (43,864 ) (68,403 )
At 30 September 2020 36,037 41,375 77,412
NET BOOK VALUE
At 30 September 2020 1,072 11,080 12,152
At 30 September 2019 13,797 13,136 26,933

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019
and 30 September 2020 2,655
NET BOOK VALUE
At 30 September 2020 2,655
At 30 September 2019 2,655

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 129,435 295,613
Provision for doubtful debts (25 ) (1,641 )
Employee advances (330 ) 8,256
Rent deposit 12,947 35,258
VAT 38,380 -
Prepayments and accrued income 30,877 84,241
211,284 421,727

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 178,222 70,486
Tax 14 14
Social security and other taxes 70,021 25,074
VAT - 16,455
Pensions payable (375 ) 3,553
Directors' current accounts 1,639 2,598
Accruals and deferred income 679,670 762,637
929,191 880,817

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.

At the balance sheet date J Butler was owed £196 by the company (2019: £500).

At the balance sheet date M Papageorge was owed £2,342 by the company (2019: £2,098).

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