Company Registration No. 05406860 (England and Wales)
ITC ASSOCIATES LTD
Unaudited accounts
for the year ended 31 March 2017
ITC ASSOCIATES LTD
Unaudited accounts
Contents
ITC ASSOCIATES LTD
Company Information
for the year ended 31 March 2017
Secretary
Brett Blackbeard
Company Number
05406860 (England and Wales)
Registered Office
SUTHERLAND HOUSE
3 LLOYDS AVENUE
LONDON
EC3N 3DS
UNITED KINGDOM
Accountants
Aidhan Accountancy
Sutherland House
3 Lloyds Avenue
London
EC3N 3DS
ITC ASSOCIATES LTD
Statement of financial position
as at 31 March 2017
Tangible assets
2,986
3,119
Cash at bank and in hand
567
4,434
Creditors: amounts falling due within one year
(11,745)
(14,985)
Net current liabilities
(2,985)
(2,941)
Called up share capital
1
1
Profit and loss account
-
177
For the year ending 31 March 2017 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.
Approved by the Board on 17 January 2018.
Brett Blackbeard
Director
Company Registration No. 05406860
ITC ASSOCIATES LTD
Notes to the Accounts
for the year ended 31 March 2017
ITC ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 05406860. The registered office is SUTHERLAND HOUSE, 3 LLOYDS AVENUE, LONDON, EC3N 3DS, UNITED KINGDOM.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
The turnover shown in the profit and loss account represents revenue earned during the period with an adjustment for the Flat rate VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
4
Tangible fixed assets
Plant & machinery
ITC ASSOCIATES LTD
Notes to the Accounts
for the year ended 31 March 2017
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
1,346
4,203
Taxes and social security
10,399
10,268
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
