ITECHDEVICES UK LTD Filleted accounts for Companies House (small and micro)
ITECHDEVICES UK LTD Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10556177
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Current assets
Stocks |
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Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
8 February 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
10556177
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Notes to the Financial Statements |
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Stafford Road, Wallington, Surrey, SM6 9AP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Foreign currencies
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2018:
2
).
5.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Itech (USA) Liability Account |
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Logo Jeeves UK Liability |
117,674
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81,015
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7.
Related party transactions
Included in the management fee is £119,007.54 (2018 - £82,464.13) invoiced by Salsoft Technologies (Private) Limited. Mr Salman Anis Ghaznavi is a director and 95% shareholder in Salsoft Technologies (Private) Limited. Included in the other debtors is a loan of £224,912.56 (2018 - £95,727.69) owed from Itech (UAE), which is company registred in UAE where Mr Salman Anis Ghaznavi is a director and shareholder. Included in the other creditors is a loan of £71,012.01 (2018 - £79,368.36) owed to Iteck (USA), which is a company registred in the USA where Mr Salman Anis Ghaznavi s a director and shareholder.