Company Registration No. 05047997 (England and Wales)
H2O IT LIMITED
Unaudited accounts
for the year ended 29 February 2020
H2O IT LIMITED
Unaudited accounts
Contents
H2O IT LIMITED
Company Information
for the year ended 29 February 2020
Director
ADAM JAMES ABRAHAMI
Company Number
05047997 (England and Wales)
Registered Office
CAVENDISH HOUSE, 369 BURNT OAK BROADWAY
BURNT OAK BROADWAY
EDGWARE
MIDDLESEX
HA8 5AW
H2O IT LIMITED
Statement of financial position
as at
29 February 2020
Cash at bank and in hand
75,315
76,665
Creditors: amounts falling due within one year
(70,971)
(77,634)
Net current assets
57,358
49,940
Called up share capital
1
1
Profit and loss account
57,357
49,939
Shareholders' funds
57,358
49,940
For the year ending 29 February 2020 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.
The financial statements were approved by the Board and authorised for issue on 25 February 2021 and were signed on its behalf by
ADAM JAMES ABRAHAMI
Director
Company Registration No. 05047997
H2O IT LIMITED
Notes to the Accounts
for the year ended 29 February 2020
H2O IT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05047997. The registered office is CAVENDISH HOUSE, 369 BURNT OAK BROADWAY, BURNT OAK BROADWAY, EDGWARE, MIDDLESEX, HA8 5AW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 29 February 2020
11,188
At 29 February 2020
11,188
Trade debtors
53,014
50,909
H2O IT LIMITED
Notes to the Accounts
for the year ended 29 February 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
14,846
-
Trade creditors
2,534
2,140
Taxes and social security
3,603
7,605
Loans from directors
44,054
-
7
Average number of employees
During the year the average number of employees was 1 (2019: 2).