I-TECH INNOVATIONS LTD

I-TECH INNOVATIONS LTD - Company Information

2022-07-132023-07-122023-07-12false07191077I-TECH INNOVATIONS 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Registered Number
07191077
(England and Wales)

Unaudited Financial Statements for the Year ended
12 July 2023

I-TECH INNOVATIONS LTD

Company Information
for the year from 13 July 2022 to 12 July 2023


Director	ZOLNIERCZYK, Pawel


Registered Address	28 Eccles Rd
	Manchester
	M27 5PL


Registered Number	07191077 (England and Wales)

I-TECH INNOVATIONS LTD

Balance Sheet as at
12 July 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		2,798		644
			2,798		644
Current assets
Debtors		7,865		117
Cash at bank and on hand		1,932		194
		9,797		311
Creditors amounts falling due within one year		(12,595)		(7,683)
Net current assets (liabilities)			(2,798)		(7,372)
Total assets less current liabilities			-		(6,728)
Net assets			-		(6,728)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(1,000)		(7,728)
Shareholders' funds			-		(6,728)

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 18 October 2023, and are signed on its behalf by:

ZOLNIERCZYK, Pawel
Director
Registered Company No. 07191077

I-TECH INNOVATIONS LTD

Notes to the Financial Statements
for the year ended 12 July 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 13 July 22	7,500
	Additions	2,418
	At 12 July 23	9,918
	Depreciation and impairment
	At 13 July 22	6,855
	Charge for year	265
	At 12 July 23	7,120
	Net book value
	At 12 July 23	2,798
	At 12 July 22	644