IT Pro Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06356549 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

IT Pro Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Karki

REGISTERED OFFICE:

369 Watling Avenue

Edgware

Middlesex

HA8 0NG

REGISTERED NUMBER:

06356549 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,568

-

CURRENT ASSETS

Debtors

5

1,667

6,006

Cash at bank

58,728

50,983

60,395

56,989

CREDITORS

Amounts falling due within one year

6

30,353

25,898

NET CURRENT ASSETS

30,042

31,091

TOTAL ASSETS LESS CURRENT LIABILITIES

34,610

31,091

CREDITORS

Amounts falling due after more than one year

7

25,495

-

NET ASSETS

9,115

31,091

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

9,015

30,991

SHAREHOLDERS' FUNDS

9,115

31,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 22 May 2021 and were signed by:

A Karki - Director

1.	STATUTORY INFORMATION

IT Pro Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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 and is recognised as services

are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or

less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting

from a past event that will probably result in the transfer of funds to a third party and the amount due to settle

the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2019

2,686

Additions

6,090

At 31 August 2020

8,776

DEPRECIATION

At 1 September 2019

2,686

Charge for year

1,522

At 31 August 2020

4,208

NET BOOK VALUE

At 31 August 2020

4,568

At 31 August 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

-

6,006

Other debtors

1,667

-

1,667

6,006

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Tax

4,622

13,365

Social security and other taxes

77

78

VAT

-

4,988

Other creditors

147

148

Directors' current accounts

22,107

4,519

Accrued expenses

3,400

2,800

30,353

25,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans - 2-5 years

25,495

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 September 2019

30,991

Profit for the year

24,274

Dividends

(46,250

)

At 31 August 2020

9,015