ATEB IT Solutions Limited - Accounts to registrar (filleted) - small 18.2

ATEB IT Solutions Limited - Accounts to registrar (filleted) - small 18.2

ATEB IT SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 08715168 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

ATEB IT SOLUTIONS LIMITED
ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

ABRIDGED BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,296 15,386
10,296 15,386

CURRENT ASSETS
Debtors 78,185 124,932
Cash at bank 225,356 112,151
303,541 237,083
CREDITORS
Amounts falling due within one year 140,676 131,907
NET CURRENT ASSETS 162,865 105,176
TOTAL ASSETS LESS CURRENT
LIABILITIES
173,161
120,562

CREDITORS
Amounts falling due after more than one
year
(45,833
)
-

PROVISIONS FOR LIABILITIES (1,956 ) (3,336 )
NET ASSETS 125,372 117,226

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,272 117,126
SHAREHOLDERS' FUNDS 125,372 117,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 form part of these financial statements

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ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2021


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2021 and were signed on its behalf by:




Mr D Anderson - Director Mrs S J Anderson - Director




Mr S J Bailey - Director Mrs L J Bailey - Director




Mr H P Reynolds - Director Mrs M Reynolds - Director


The notes form part of these financial statements

Page 2
ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

ATEB IT Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08715168

Registered office: Evolve Business Centre
Houghton-le-Spring
Co. Durham
DH4 5QY

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


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ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Government grants
Government grants in respect of capital expenditure are credited against the cost of the relevant assets and are written off over their expected useful lives.

Government grants of a revenue nature are credited to the profit and loss account in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2020 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020
and 31 March 2021 250,000
AMORTISATION
At 1 April 2020
and 31 March 2021 250,000
NET BOOK VALUE

At 31 March 2021 -
At 31 March 2020 -

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ATEB IT SOLUTIONS LIMITED (REGISTERED NUMBER: 08715168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2020 56,017
Additions 4,559
At 31 March 2021 60,576
DEPRECIATION
At 1 April 2020 40,631
Charge for year 9,649
At 31 March 2021 50,280
NET BOOK VALUE
At 31 March 2021 10,296
At 31 March 2020 15,386

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

20212020
££
Balance outstanding at start of year4232,759
Amounts advanced162,589205,664
Amounts repaid(208,000)(208,000)
Balance outstanding at end of year44,988423

All the above advances were interest free and were unsecured, with no fixed repayment terms.

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