Itrio Limited 31/03/2023 iXBRL
Itrio Limited 31/03/2023 iXBRL
Company registration number:
13799398
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(Appointed 14 December 2021) | |
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(Appointed 25 February 2022) | ||
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(Appointed 25 February 2022) | ||
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(Appointed 14 December 2021)(Resigned 10 March 2023) | ||
Company number |
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Registered office |
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Accountants |
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Cholmondeley House | |||
Dee Hills Park | |||
Chester | |||
Cheshire | |||
CH3 5AR | |||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Itrio Limited
Period ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Itrio Limited for the period ended 31 March 2023 which comprise the statement of financial position and related notes 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 /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Itrio 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 financial statements of Itrio Limited and state those matters that we have agreed to state to the board of directors of Itrio 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 Itrio Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Itrio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Itrio Limited. You consider that Itrio Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Itrio 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 financial statements.
Chartered Accountants
Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 5AR
13 September 2023
Statement of financial position
31 March 2023
31/03/23 | |||||
Note | £ | £ | |||
Fixed assets | |||||
Tangible assets | 5 |
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Current assets | |||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 September 2023
, and are signed on behalf of the board by:
Director
Company registration number:
13799398
Notes to the financial statements
Period ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cholmondeley House, Dee Hills park, Chester, Chesire, CH3 5AR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
5.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 14 December 2021 | - | - | - | |
Additions |
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At 31 March 2023 |
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Depreciation | ||||
At 14 December 2021 | - | - | - | |
Charge for the year |
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At 31 March 2023 |
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Carrying amount | ||||
At 31 March 2023 |
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6.
Debtors
31/03/23 | |||
£ | |||
Trade debtors |
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7.
Creditors: amounts falling due within one year
31/03/23 | |||
£ | |||
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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_______ | |||
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8.
Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company: | ||||
Period ended 31/03/23 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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These loans are interest free and repayable on demand.