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 2021

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 2021










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 2021







DIRECTORS: M Papageorge
J Butler





SECRETARY: M Papageorge





REGISTERED OFFICE: City Paviilion First Floor
27 Bush Lane
London
EC4R 0AA





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 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,688 12,152
Investments 6 2,655 2,655
16,343 14,807

CURRENT ASSETS
Debtors 7 238,825 211,284
Cash at bank 1,068,972 1,038,722
1,307,797 1,250,006
CREDITORS
Amounts falling due within one year 8 1,014,950 929,191
NET CURRENT ASSETS 292,847 320,815
TOTAL ASSETS LESS CURRENT
LIABILITIES
309,190
335,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 309,090 335,522
SHAREHOLDERS' FUNDS 309,190 335,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 2021


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 June 2022 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 2021


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 16 (2020 - 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 2021


5. TANGIBLE FIXED ASSETS
Furniture
& fittings Equipment Totals
£    £    £   
COST
At 1 October 2020 37,109 52,455 89,564
Additions - 16,403 16,403
Disposals (34,998 ) (22,783 ) (57,781 )
Transfers (1,238 ) 1,238 -
At 30 September 2021 873 47,313 48,186
DEPRECIATION
At 1 October 2020 36,037 41,375 77,412
Charge for year 680 14,187 14,867
Eliminated on disposal (34,998 ) (22,783 ) (57,781 )
Transfers (1,083 ) 1,083 -
At 30 September 2021 636 33,862 34,498
NET BOOK VALUE
At 30 September 2021 237 13,451 13,688
At 30 September 2020 1,072 11,080 12,152

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2020
and 30 September 2021 2,655
NET BOOK VALUE
At 30 September 2021 2,655
At 30 September 2020 2,655

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 136,407 129,435
Provision for doubtful debts - (25 )
Rent deposit 1,447 12,947
Tax 55,323 -
VAT 18,218 38,380
Prepayments and accrued income 27,430 30,547
238,825 211,284

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 185,548 178,222
Tax - 14
Social security and other taxes 45,012 69,646
Directors' current accounts 2,277 1,639
Accruals and deferred income 782,113 679,670
1,014,950 929,191

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the balance due to the directors was £2,277 (2020: £1,639).

Page 6