Company Registration No. 07287271 (England and Wales)
ITT SYSTEMS LTD
Unaudited accounts
for the year ended 31 March 2021
ITT SYSTEMS LTD
Unaudited accounts
Contents
ITT SYSTEMS LTD
Company Information
for the year ended 31 March 2021
Company Number
07287271 (England and Wales)
Registered Office
United House
39 - 41 North Road
London
N7 9DP
Accountants
Bogatyij Ltd
United House
39 - 41 North Road
London
N7 9DP
ITT SYSTEMS LTD
Statement of financial position
as at 31 March 2021
Tangible assets
2,987
2,696
Cash at bank and in hand
28,017
11,415
Creditors: amounts falling due within one year
(9,965)
(9,299)
Net current assets
34,608
2,116
Profit and loss account
37,595
4,812
Shareholders' funds
37,595
4,812
For the year ending 31 March 2021 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 director acknowledges his 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 and authorised for issue on 13 December 2021 and were signed on its behalf by
Carl Manley
Director
Company Registration No. 07287271
ITT SYSTEMS LTD
Notes to the Accounts
for the year ended 31 March 2021
ITT SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 07287271. The registered office is United House, 39 - 41 North Road, London, N7 9DP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
33% on a reducing line basis
4
Tangible fixed assets
Computer equipment
ITT SYSTEMS LTD
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
6,502
3,016
Other creditors
1,663
5,051
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan to Director
-
16,000
-
16,000
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
