ITS Telecom Solutions Limited - Period Ending 2020-12-31

ITS Telecom Solutions Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

ITS Telecom Solutions Limited

Company Information

Directors

Mr D A S Baythorpe Mr D R A Cullen

Registered office

Elm House Farm Saighton Lane Saighton Chester Cheshire CH3 6EN

Accountants

Abrams Ashton Ltd Chartered Accountants 7 Waterside Court St. Helens Merseyside WA9 1UA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ITS Telecom Solutions Limited
for the Year Ended 31 December 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITS Telecom Solutions Limited for the year ended 31 December 2020 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of ITS Telecom Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ITS Telecom Solutions Limited and state those matters that we have agreed to state to the Board of Directors of ITS Telecom Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITS Telecom Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ITS Telecom Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ITS Telecom Solutions Limited. You consider that ITS Telecom Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ITS Telecom Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

21 December 2021

ITS Telecom Solutions Limited

(Registration number: 07612286)
Balance Sheet as at 31 December 2020

	Note	2020 £	2019 £
Current assets
Debtors	5	-	287
Cash at bank and in hand		20	60
		20	347
Creditors: Amounts falling due within one year	6	(3,000)	(22,365)
Net liabilities		(2,980)	(22,018)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(2,981)	(22,019)
Shareholders' deficit		(2,980)	(22,018)

For the financial year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 December 2021 and signed on its behalf by:
 

......................................... Mr D A S Baythorpe Director

ITS Telecom Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Elm House Farm
Saighton Lane
Saighton
Chester
Cheshire
CH3 6EN
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customer.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

ITS Telecom Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

4	Profit before tax

Arrived at after charging/(crediting):

Group company loan written off totalling (£21,341) ( 2019 - (£130,376)).

5

Debtors

	2020 £	2019 £
Other debtors	-	287

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Trade creditors	-	20,486
Taxation and social security	-	379
Accruals and deferred income	3,000	1,500
	3,000	22,365

7	Parent and ultimate parent undertaking

The company's immediate parent is ITS Technology Group Limited, incorporated in England and Wales.

 The ultimate parent is ITS (Holdco) Limited, incorporated in England and Wales.