IT EMPATHY LIMITED

Company Registration Number:
10362337 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

IT EMPATHY LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

IT EMPATHY LIMITED

Balance sheet

As at 30 April 2020


Notes

2020

2019


£

£
Fixed assets
Intangible assets: 3 5,364 3,681
Total fixed assets: 5,364 3,681
Current assets
Debtors:   24,815 10,250
Cash at bank and in hand: 65,575 18,359
Total current assets: 90,390 28,609
Creditors: amounts falling due within one year:   (34,012) (10,185)
Net current assets (liabilities): 56,378 18,424
Total assets less current liabilities: 61,742 22,105
Total net assets (liabilities): 61,742 22,105
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 61,642 22,005
Shareholders funds: 61,742 22,105

The notes form part of these financial statements

IT EMPATHY LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 January 2021
and signed on behalf of the board by:

Name: J J Bailey
Status: Director

The notes form part of these financial statements

IT EMPATHY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 25% on cost

Other accounting policies

TaxationTaxation 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 taxDeferred 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.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.

IT EMPATHY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

IT EMPATHY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Intangible Assets

Total
Cost £
At 01 May 2019 6,138
Additions 4,291
At 30 April 2020 10,429
Amortisation
At 01 May 2019 2,457
Charge for year 2,608
At 30 April 2020 5,065
Net book value
At 30 April 2020 5,364
At 30 April 2019 3,681