I T Imaging Limited - Accounts to registrar (filleted) - small 18.2

I T Imaging Limited - Accounts to registrar (filleted) - small 18.2

I T IMAGING LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.1.0.628 SC309843 director 1.11.20 31.10.21 31.10.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3098432020-10-31SC3098432021-10-31SC3098432020-11-012021-10-31SC3098432019-10-31SC3098432019-11-012020-10-31SC3098432020-10-31SC309843ns16:Scotland2020-11-012021-10-31SC309843ns15:PoundSterling2020-11-012021-10-31SC309843ns11:Director12020-11-012021-10-31SC309843ns11:PrivateLimitedCompanyLtd2020-11-012021-10-31SC309843ns11:SmallEntities2020-11-012021-10-31SC309843ns11:AuditExempt-NoAccountantsReport2020-11-012021-10-31SC309843ns11:SmallCompaniesRegimeForDirectorsReport2020-11-012021-10-31SC309843ns11:SmallCompaniesRegimeForAccounts2020-11-012021-10-31SC309843ns11:AbridgedAccounts2020-11-012021-10-31SC309843ns6:CurrentFinancialInstruments2021-10-31SC309843ns6:CurrentFinancialInstruments2020-10-31SC309843ns6:ShareCapital2021-10-31SC309843ns6:ShareCapital2020-10-31SC309843ns6:RetainedEarningsAccumulatedLosses2021-10-31SC309843ns6:RetainedEarningsAccumulatedLosses2020-10-31SC309843ns11:RegisteredOffice2020-11-012021-10-31
REGISTERED NUMBER: SC309843 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

I T IMAGING LIMITED
I T IMAGING LIMITED (REGISTERED NUMBER: SC309843)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


I T IMAGING LIMITED (REGISTERED NUMBER: SC309843)

ABRIDGED BALANCE SHEET
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608 913

CURRENT ASSETS
Debtors - 2,162
Investments 197,489 325,588
Cash at bank 22 246
197,511 327,996
CREDITORS
Amounts falling due within one year 125,248 109,600
NET CURRENT ASSETS 72,263 218,396
TOTAL ASSETS LESS CURRENT
LIABILITIES
72,871
219,309

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 72,868 219,306
SHAREHOLDERS' FUNDS 72,871 219,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The notes form part of these financial statements

Page 1 continued...
I T IMAGING LIMITED (REGISTERED NUMBER: SC309843)

ABRIDGED BALANCE SHEET - continued
31 October 2021



The financial statements were approved by the director and authorised for issue on 5 July 2022 and were signed by:





I Turnbull - Director


The notes form part of these financial statements

Page 2
I T IMAGING LIMITED (REGISTERED NUMBER: SC309843)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

I T Imaging Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC309843

Registered office: 8 Lochview Road
Bearsden
Glasgow
G61 1PP

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment 33% on reducing balance

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.

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 (2020 - 2 ) .

Page 3 continued...
I T IMAGING LIMITED (REGISTERED NUMBER: SC309843)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2020
and 31 October 2021 1,369
DEPRECIATION
At 1 November 2020 456
Charge for year 305
At 31 October 2021 761
NET BOOK VALUE
At 31 October 2021 608
At 31 October 2020 913

5. COVID-19

As a result of the Covid-19 pandemic the company has been subject to a significant reduction in the expected level of trade during the year. Due to this some staff have been furloughed. With staff being placed on furlough the business was eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which has reimbursed 80% of the salaries.

Page 4