IT-JT Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09527643 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

IT-JT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J E Doolan

Mr J Tanner

REGISTERED OFFICE:

North Lodge

150 Milward Road

Hastings

East Sussex

TN34 3RT

REGISTERED NUMBER:

09527643 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Property, plant and equipment

4

3,912

3,912

CURRENT ASSETS

Cash at bank

1,100

19,860

CREDITORS

Amounts falling due within one year

5

4,462

23,102

NET CURRENT LIABILITIES

(3,362

)

(3,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

550

670

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

450

570

SHAREHOLDERS' FUNDS

550

670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 22 January 2019 and were signed on its behalf by:

Mr J Tanner - Director

1.	STATUTORY INFORMATION

IT-JT 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Revenue 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 May 2017

and 30 April 2018

1,999

5,880

7,879

Depreciation

At 1 May 2017

and 30 April 2018

555

3,412

3,967

Net book value

At 30 April 2018

1,444

2,468

3,912

At 30 April 2017

1,444

2,468

3,912

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

-

3,461

VAT

-

10,254

Directors' current accounts

4,342

8,500

Accruals and deferred income

120

887

4,462

23,102

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

60

Ordinary

£1

60

60

40

Ordinary "A"

£1

40

40

100

100

7.

RESERVES

Retained

earnings

£

At 1 May 2017

570

Deficit for the year

(120

)

At 30 April 2018

450

8.	RELATED PARTY DISCLOSURES

At balance sheet date, there was an amount due to the director, Mr J Tanner of £4,342 (2017: £8,500). This is an

interest free advance to the company and does not have a fixed date of repayment.

9.	ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company.