IFTECH INTERNATIONAL LIMITED

IFTECH INTERNATIONAL LIMITED

IFTECH INTERNATIONAL LIMITED - Company Information

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1 February 2021 false No description of principal activity Taxfiler 2022.10.3 10572184business:PrivateLimitedCompanyLtd2021-02-012022-01-31 105721842021-01-31 105721842021-02-012022-01-31 10572184business:AuditExempt-NoAccountantsReport2021-02-012022-01-31 10572184business:FullAccounts2021-02-012022-01-31 105721842022-01-31 10572184business:Director12021-02-012022-01-31 10572184business:Director22021-02-012022-01-31 10572184business:CompanySecretary12021-02-012022-01-31 10572184business:RegisteredOffice2021-02-012022-01-31 105721842021-01-31 10572184core:WithinOneYear2022-01-31 10572184core:WithinOneYear2021-01-31 10572184core:RetainedEarningsAccumulatedLosses2022-01-31 10572184core:RetainedEarningsAccumulatedLosses2021-01-31 10572184business:SmallEntities2021-02-012022-01-31 10572184countries:EnglandWales2021-02-012022-01-31 10572184core:ComputerEquipment2021-02-012022-01-31 10572184core:ComputerEquipment2021-01-31 10572184core:ComputerEquipment2022-01-31 105721842020-02-012021-01-31 iso4217:GBP xbrli:pure
Company Registration No. 10572184 (England and Wales)
IFTECH INTERNATIONAL LIMITED Unaudited accounts for the year ended 31 January 2022
IFTECH INTERNATIONAL LIMITED Unaudited accounts Contents
Page
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IFTECH INTERNATIONAL LIMITED Company Information for the year ended 31 January 2022
Directors
IFTHIKAR AHMED SAIMA IRAM
Secretary
IFTHIKAR AHMED
Company Number
10572184 (England and Wales)
Registered Office
91 HOXTON STREET BRADFORD BD8 9NH ENGLAND
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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IFTECH INTERNATIONAL LIMITED Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
449 
561 
Current assets
Inventories
1,575 
2,725 
Cash at bank and in hand
3,008 
522 
4,583 
3,247 
Creditors: amounts falling due within one year
5
(3,560)
(3,618)
Net current assets/(liabilities)
1,023 
(371)
Net assets
1,472 
190 
Capital and reserves
Profit and loss account
1,472 
190 
Shareholders' funds
1,472 
190 
For the year ending 31 January 2022 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2022 and were signed on its behalf by
IFTHIKAR AHMED Director Company Registration No. 10572184
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IFTECH INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
IFTECH INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10572184. The registered office is 91 HOXTON STREET, BRADFORD, BD8 9NH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2021
701 
At 31 January 2022
701 
Depreciation
At 1 February 2021
140 
Charge for the year
112 
At 31 January 2022
252 
Net book value
At 31 January 2022
449 
At 31 January 2021
561 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
163 
- 
Loans from directors
2,997 
3,168 
Accruals
400 
450 
3,560 
3,618 
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IFTECH INTERNATIONAL LIMITED Notes to the Accounts for the year ended 31 January 2022
6
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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