IT Energy Systems and Consulting Ltd - Accounts to registrar (filleted) - small 22.3

IT Energy Systems and Consulting Ltd - Accounts to registrar (filleted) - small 22.3

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 2022

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 2022










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 2022







DIRECTORS: M Papageorge
J Butler





SECRETARY: M Papageorge





REGISTERED OFFICE: 14 Chertsey Road
Office 5
Woking
Surrey
GU21 5AH





REGISTERED NUMBER: 03101263 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS
1
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,927 13,688
Investments 6 - 2,655
7,927 16,343

CURRENT ASSETS
Debtors 7 348,659 218,174
Cash at bank 980,262 1,068,972
1,328,921 1,287,146
CREDITORS
Amounts falling due within one year 8 952,737 966,736
NET CURRENT ASSETS 376,184 320,410
TOTAL ASSETS LESS CURRENT
LIABILITIES
384,111
336,753

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 384,011 336,653
SHAREHOLDERS' FUNDS 384,111 336,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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

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

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 18 January 2023 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

3
IT ENERGY SYSTEMS AND CONSULTING LTD (REGISTERED NUMBER: 03101263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


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.

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 (2021 - 16 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


5. TANGIBLE FIXED ASSETS
Furniture
& fittings Equipment Totals
£    £    £   
COST
At 1 October 2021 873 47,313 48,186
Additions - 7,420 7,420
Disposals - (4,254 ) (4,254 )
At 30 September 2022 873 50,479 51,352
DEPRECIATION
At 1 October 2021 636 33,862 34,498
Charge for year 373 11,168 11,541
Eliminated on disposal - (2,614 ) (2,614 )
At 30 September 2022 1,009 42,416 43,425
NET BOOK VALUE
At 30 September 2022 (136 ) 8,063 7,927
At 30 September 2021 237 13,451 13,688

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2021 2,655
Disposals (2,655 )
At 30 September 2022 -
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 2,655

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade debtors 233,593 136,407
Rent deposit 1,447 1,447
Tax 82,455 34,672
VAT 2,704 18,218
Prepayments and accrued income 28,460 27,430
348,659 218,174

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade creditors 119,524 185,548
Social security and other taxes 45,106 45,012
Other creditors 12,255 3,396
Directors' current accounts 416 2,277
Accruals and deferred income 775,436 730,503
952,737 966,736

6