Making Sense of IT Ltd - Accounts to registrar (filleted) - small 18.2

Making Sense of IT Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03840661(England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

MAKING SENSE OF IT LTD

MAKING SENSE OF IT LTD (REGISTERED NUMBER: 03840661)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAKING SENSE OF IT LTD

COMPANY INFORMATION
For The Year Ended 30 September 2020







DIRECTOR: S Schwemm





SECRETARY: M J Robson





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 03840661(England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MAKING SENSE OF IT LTD (REGISTERED NUMBER: 03840661)

BALANCE SHEET
30 September 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 1,289 5,460
Cash at bank and in hand 2,211 247
3,500 5,707
CREDITORS
Amounts falling due within one year 5 (3,465 ) (5,627 )
NET CURRENT ASSETS 35 80
TOTAL ASSETS LESS CURRENT
LIABILITIES

35

80

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (65 ) (20 )
SHAREHOLDERS' FUNDS 35 80

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2021and were signed by:





S Schwemm- Director


MAKING SENSE OF IT LTD (REGISTERED NUMBER: 03840661)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2020

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2019 - 1) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 2,100
Other debtors 1,289 3,360
1,289 5,460

MAKING SENSE OF IT LTD (REGISTERED NUMBER: 03840661)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 600 600
Taxation and social security 2,265 2,327
Other creditors 600 2,700
3,465 5,627