Company Registration No. 09735329 (England and Wales)
&partners It Ltd
Unaudited accounts
for the year ended 31 March 2022
&partners It Ltd
Unaudited accounts
Contents
&partners It Ltd
Company Information
for the year ended 31 March 2022
Company Number
09735329 (England and Wales)
Registered Office
2nd Floor
Stanford Gate South Rd
Brighton
East Sussex
BN1 6SB
United Kingdom
&partners It Ltd
Statement of financial position
as at
31 March 2022
Intangible assets
58,014
24,030
Tangible assets
94,860
44,689
Cash at bank and in hand
141,937
163,792
Creditors: amounts falling due within one year
(239,149)
(139,586)
Net current assets
120,559
144,825
Total assets less current liabilities
273,433
213,544
Creditors: amounts falling due after more than one year
(52,109)
(50,000)
Net assets
221,324
163,544
Called up share capital
4
4
Profit and loss account
221,320
163,540
Shareholders' funds
221,324
163,544
For the year ending 31 March 2022 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 4 November 2022 and were signed on its behalf by
Joseph Ashley
Director
Company Registration No. 09735329
&partners It Ltd
Notes to the Accounts
for the year ended 31 March 2022
&partners It Ltd is a private company, limited by shares, registered in England and Wales, registration number 09735329. The registered office is 2nd Floor, Stanford Gate South Rd, Brighton, East Sussex, BN1 6SB, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Land & buildings
15 years
Plant & machinery
25% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
&partners It Ltd
Notes to the Accounts
for the year ended 31 March 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
Charge for the year
12,381
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2021
19,595
2,468
-
11,530
22,298
55,891
Additions
10,577
-
35,569
5,551
11,292
62,989
Disposals
-
-
-
-
(4,831)
(4,831)
At 31 March 2022
30,172
2,468
35,569
17,081
28,759
114,049
At 1 April 2021
904
1,851
-
2,934
5,513
11,202
Charge for the year
1,560
617
593
3,145
4,209
10,124
On disposals
-
-
-
-
(2,137)
(2,137)
At 31 March 2022
2,464
2,468
593
6,079
7,585
19,189
At 31 March 2022
27,708
-
34,976
11,002
21,174
94,860
At 31 March 2021
18,691
617
-
8,596
16,785
44,689
&partners It Ltd
Notes to the Accounts
for the year ended 31 March 2022
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
92,405
19,844
Accrued income and prepayments
60,988
37,388
Other debtors
64,378
63,387
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
-
Obligations under finance leases and hire purchase contracts
10,960
-
Trade creditors
79,030
13,290
Taxes and social security
24,829
27,025
Other creditors
103,456
66,239
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
19,609
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
45,387
110,379
91,686
64,081
45,387
110,379
91,686
64,081
Loans to the director contained interest at 2.5% and is repayable within 9 months of the year end.
10
Average number of employees
During the year the average number of employees was 3 (2021: 2).