Company Registration No. 03455931 (England and Wales)
IT Matters Ltd
Unaudited accounts
for the year ended 30 April 2017
IT Matters Ltd
Unaudited accounts
Contents
IT Matters Ltd
Company Information
for the year ended 30 April 2017
Company Number
03455931 (England and Wales)
Registered Office
Hillside
Springfield Road
Camberley
Surrey
GU15 1AE
England
IT Matters Ltd
Statement of financial position
as at 30 April 2017
Tangible assets
3,300
8,307
Cash at bank and in hand
148,961
4,279
Creditors: amounts falling due within one year
(86,074)
(44,701)
Net current assets/(liabilities)
110,887
(102)
Total assets less current liabilities
114,187
14,205
Creditors: amounts falling due after more than one year
(47,186)
(14,678)
Net assets/(liabilities)
67,001
(473)
Called up share capital
1
1
Profit and loss account
67,000
(474)
Shareholders' funds
67,001
(473)
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 August 2017.
R P Hancock
Director
Company Registration No. 03455931
IT Matters Ltd
Notes to the Accounts
for the year ended 30 April 2017
IT Matters Ltd is a private company, limited by shares, registered in England and Wales, registration number 03455931. The registered office and principal place of business is Hillside, Springfield Road, Camberley, Surrey, GU15 1AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
IT Matters Ltd
Notes to the Accounts
for the year ended 30 April 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Trade debtors
48,000
40,320
7
Creditors: amounts falling due within one year
2017
2016
Other creditors
86,074
44,701
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
47,186
14,678
IT Matters Ltd
Notes to the Accounts
for the year ended 30 April 2017
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 0 (2016: 0).
