Company Registration No. 09735329 (England and Wales)
&Partners IT Ltd
Unaudited accounts
for the year ended 31 March 2021
&Partners IT Ltd
Unaudited accounts
Contents
&Partners IT Ltd
Company Information
for the year ended 31 March 2021
Director
Joseph Michael Ashley
Company Number
09735329 (England and Wales)
Registered Office
A And L, Suite 1-3 Hop Exchange,
24 Southwark Street,
London,
SE1 1TY
England
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
&Partners IT Ltd
Statement of financial position
as at
31 March 2021
Intangible assets
24,030
-
Tangible assets
44,691
10,540
Cash at bank and in hand
163,792
131,245
Creditors: amounts falling due within one year
(139,590)
(172,903)
Net current assets
144,822
5,593
Total assets less current liabilities
213,543
16,133
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
163,543
16,133
Called up share capital
4
4
Profit and loss account
163,539
16,129
Shareholders' funds
163,543
16,133
For the year ending 31 March 2021 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 May 2021 and were signed on its behalf by
Joseph Michael Ashley
Director
Company Registration No. 09735329
&Partners IT Ltd
Notes to the Accounts
for the year ended 31 March 2021
&Partners IT Ltd is a private company, limited by shares, registered in England and Wales, registration number 09735329. The registered office is A And L, Suite 1-3 Hop Exchange,, 24 Southwark Street,, London,, SE1 1TY, 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.
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:
Land & buildings
15 years
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over 5 years.
4
Intangible fixed assets
Other
Charge for the year
4,789
&Partners IT Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
-
2,468
3,363
11,055
16,886
Additions
19,595
-
8,168
12,243
40,006
Disposals
-
-
-
(999)
(999)
At 31 March 2021
19,595
2,468
11,531
22,299
55,893
At 1 April 2020
-
1,234
1,682
3,430
6,346
Charge for the year
904
617
1,251
2,284
5,056
On disposals
-
-
-
(200)
(200)
At 31 March 2021
904
1,851
2,933
5,514
11,202
At 31 March 2021
18,691
617
8,598
16,785
44,691
At 31 March 2020
-
1,234
1,681
7,625
10,540
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
19,844
42,047
Accrued income and prepayments
37,388
5,204
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
13,290
26,710
Taxes and social security
27,025
20,816
Other creditors
66,243
56,229
Loans from directors
-
16,940
8
Creditors: amounts falling due after more than one year
2021
2020
&Partners IT Ltd
Notes to the Accounts
for the year ended 31 March 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(16,940)
123,764
43,436
63,388
(16,940)
123,764
43,436
63,388
10
Average number of employees
During the year the average number of employees was 2 (2020: 1).