ITEBA SP LIMITED

ITEBA SP LIMITED

ITEBA SP LIMITED - Company Information

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ITEBA SP LIMITED

Company Registration Number:
02709209 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

ITEBA SP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

ITEBA SP LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 149,531 150,681
Tangible assets: 4 134,993 83,523
Total fixed assets: 284,524 234,204
Current assets
Debtors: 5 444,399 486,938
Cash at bank and in hand: 110,463 22,275
Total current assets: 554,862 509,213
Creditors: amounts falling due within one year: 6 (178,126) (164,702)
Net current assets (liabilities): 376,736 344,511
Total assets less current liabilities: 661,260 578,715
Creditors: amounts falling due after more than one year: 7 (58,218) (16,190)
Total net assets (liabilities): 603,042 562,525
Capital and reserves
Called up share capital: 500,000 500,000
Share premium account: 491,500 491,500
Profit and loss account: (388,458) (428,975)
Shareholders funds: 603,042 562,525

The notes form part of these financial statements

ITEBA SP LIMITED

Balance sheet statements

For the year ending 31 December 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 25 February 2021
and signed on behalf of the board by:

Name: PA Griffin
Status: Director

The notes form part of these financial statements

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 4 4

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Intangible Assets

Total
Cost £
At 01 January 2020 266,456
At 31 December 2020 266,456
Amortisation
At 01 January 2020 115,775
Charge for year 1,150
At 31 December 2020 116,925
Net book value
At 31 December 2020 149,531
At 31 December 2019 150,681

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Tangible Assets

Total
Cost £
At 01 January 2020 123,714
Additions 65,050
At 31 December 2020 188,764
Depreciation
At 01 January 2020 40,191
Charge for year 13,580
At 31 December 2020 53,771
Net book value
At 31 December 2020 134,993
At 31 December 2019 83,523

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 383,089 404,047

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

6. Creditors: amounts falling due within one year note

Bank Loans & Overdrafts £15,700Trade Creditors £39,323PAYE & VAT £27,314Deferred Income £95,789Total £178,126

ITEBA SP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

7. Creditors: amounts falling due after more than one year note

Bounce Back loan £50.000Other Loan £ 8,218Total £58,218