ICT Domestic Solutions Limited - Accounts to registrar (filleted) - small 22.3

ICT Domestic Solutions Limited - Accounts to registrar (filleted) - small 22.3

ICT DOMESTIC SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 11196558 (England and Wales)



















ICT DOMESTIC SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022






ICT DOMESTIC SOLUTIONS LIMITED (REGISTERED NUMBER: 11196558)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


ICT DOMESTIC SOLUTIONS LIMITED (REGISTERED NUMBER: 11196558)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 170

CURRENT ASSETS
Debtors 5 28,553 6,441
Cash at bank 3,170 3,197
31,723 9,638
CREDITORS
Amounts falling due within one year 6 13,813 9,268
NET CURRENT ASSETS 17,910 370
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,910
540

PROVISIONS FOR LIABILITIES - 32
NET ASSETS 17,910 508

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,810 408
SHAREHOLDERS' FUNDS 17,910 508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2023 and were signed by:





P A Gypps - Director


The notes form part of these financial statements

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ICT DOMESTIC SOLUTIONS LIMITED (REGISTERED NUMBER: 11196558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

ICT Domestic 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: 11196558

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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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ICT DOMESTIC SOLUTIONS LIMITED (REGISTERED NUMBER: 11196558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021
and 28 February 2022 776
DEPRECIATION
At 1 March 2021 606
Charge for year 170
At 28 February 2022 776
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,278 2,871
Other debtors 27,275 3,570
28,553 6,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 141 -
Trade creditors 3,121 1,920
Taxation and social security 9,351 5,099
Other creditors 1,200 2,249
13,813 9,268

7. RELATED PARTY DISCLOSURES

Dividends totalling £Nil (2021 - 15,100) was paid to the director during the year.

At the year end, the director owed the company £27,275 (2021 - the company owed the director £1,049). This amount is
included in other debtors. Interest on the overdrawn director's loan account is payable on a monthly basis at the HMRC
official rate of interest, however there are no agreed repayment terms. During the year interest was paid amounting to £105 in
respect of the overdrawn director's loan account.

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