It 4 Home Limited - Accounts to registrar (filleted) - small 22.3

It 4 Home Limited - Accounts to registrar (filleted) - small 22.3

IT 4 HOME LIMITED - Company Information

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REGISTERED NUMBER: 07784523 (England and Wales)
























Unaudited Financial Statements

For The Year Ended 30 March 2022

for

IT 4 HOME LIMITED
IT 4 HOME LIMITED (REGISTERED NUMBER: 07784523)

Contents of the Financial Statements
For The Year Ended 30 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IT 4 HOME LIMITED

Company Information
For The Year Ended 30 March 2022







DIRECTOR: J J Granville-Fall





REGISTERED OFFICE: Innovation Centre
York Science Park
York
YO10 5DG





REGISTERED NUMBER: 07784523 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA
Page 1
IT 4 HOME LIMITED (REGISTERED NUMBER: 07784523)

Balance Sheet
30 March 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 11,179 1,852
Cash at bank 57,228 81,791
68,407 83,643
CREDITORS
Amounts falling due within one year 5 7,937 15,303
NET CURRENT ASSETS 60,470 68,340
TOTAL ASSETS LESS CURRENT LIABILITIES 60,470 68,340

CREDITORS
Amounts falling due after more than
one year
6
56,333
65,000
NET ASSETS 4,137 3,340

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,137 2,340
4,137 3,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 12 December 2022 and were signed by:





J J Granville-Fall - Director


The notes form part of these financial statements

Page 2
IT 4 HOME LIMITED (REGISTERED NUMBER: 07784523)

Notes to the Financial Statements
For The Year Ended 30 March 2022


1. STATUTORY INFORMATION

It 4 Home Limited 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Page 3 continued...
IT 4 HOME LIMITED (REGISTERED NUMBER: 07784523)

Notes to the Financial Statements - continued
For The Year Ended 30 March 2022


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,029 1,672
Other debtors 150 180
11,179 1,852

Included in amounts due within one year is £11,058 (2021: £1,560) due from We Are Your IT Limited.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 882 1,536
Taxation and social security 5,421 12,185
Other creditors 1,634 1,582
7,937 15,303

Included in amounts due within one year is £5 (2021: £2 ) due to We Are Your IT Limited.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 56,333 65,000

7. RELATED PARTY DISCLOSURES

During the period £11,074 (2021: £3,013) was invoiced from KPW Leasing Ltd for leasing of commercial assets. KPW Leasing Ltd is related to the company via the director and shareholder, Mr J Granville-Fall by way of a close family member.

During the period rent of £3,450 (2021: £3,450), Telecommunications of £267 (2021 : £267), Office
administration of £3,450 (2021 : £3,450) and Motor running costs of £900 (2021 : £900) were recharged from We Are Your IT Ltd for use of these services.

During the period £24,100 (2021 : £20,100) was invoiced to We Are Your IT Ltd for recharge of labour
costs.

As at the year end of 30 March 2022 £3,065 (2021 : £1,559) was due to We Are Your IT Ltd.
We Are Your IT Ltd is related to the company via the director and shareholder, Mr J Granville-Fall.

Page 4