IT Agent Limited - Accounts to registrar (filleted) - small 18.1
IT Agent Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2017 |
| for |
| IT Agent Limited |
| IT Agent Limited (Registered number: 04075114) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| IT Agent Limited |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Stirling House |
| Sunderland Quay |
| Culpeper Close |
| Rochester |
| Kent |
| ME2 4HN |
| IT Agent Limited (Registered number: 04075114) |
| Balance Sheet |
| 30 September 2017 |
| 30.9.17 | 30.9.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| IT Agent Limited (Registered number: 04075114) |
| Balance Sheet - continued |
| 30 September 2017 |
| 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 on |
| IT Agent Limited (Registered number: 04075114) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| IT Agent Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 October 2015. |
| 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 |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the year comprises current and deferred 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. |
| 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 |
| IT Agent Limited (Registered number: 04075114) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2016 |
| Additions |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 October 2016 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| Cost or valuation at 30 September 2017 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2016 | 135,263 |
| Valuation in 2017 | 22,191 |
| 157,454 |
| IT Agent Limited (Registered number: 04075114) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Cost | 112,498 | 92,832 |
| Fixed assets investments were valued on an open market basis on 30 September 2017 by Hargreaves Lansdown . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 14,521 | 824 |
| Other creditors |
| Directors' current accounts | 6,040 | 2,217 |
| Accrued expenses |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2016 |
| Revaluation of listed |
| investments | 16,558 |
| At 30 September 2017 |