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REGISTERED NUMBER: 06189172 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2022

for

ITIB LIMITED

ITIB LIMITED (REGISTERED NUMBER: 06189172)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ITIB LIMITED

Company Information
for the Year Ended 30 April 2022







DIRECTOR: P D Meehan





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 06189172 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

ITIB LIMITED (REGISTERED NUMBER: 06189172)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,405 1,867

CURRENT ASSETS
Debtors 5 6,074 1,903
Cash at bank and in hand 8,383 17,077
14,457 18,980
CREDITORS
Amounts falling due within one year 6 5,391 11,417
NET CURRENT ASSETS 9,066 7,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,471

9,430

PROVISIONS FOR LIABILITIES 267 355
NET ASSETS 10,204 9,075

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,104 8,975
SHAREHOLDERS' FUNDS 10,204 9,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ITIB LIMITED (REGISTERED NUMBER: 06189172)

Balance Sheet - continued
30 April 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2022 and were signed by:





P D Meehan - Director


ITIB LIMITED (REGISTERED NUMBER: 06189172)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

ITIB LIMITED (REGISTERED NUMBER: 06189172)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2021
and 30 April 2022 1,576 4,254 5,830
DEPRECIATION
At 1 May 2021 877 3,086 3,963
Charge for year 170 292 462
At 30 April 2022 1,047 3,378 4,425
NET BOOK VALUE
At 30 April 2022 529 876 1,405
At 30 April 2021 699 1,168 1,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 6,074 1,903

All debtors are due within one year and have therefore not been discounted.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Taxation and social security 3,273 2,782
Other creditors 2,118 8,635
5,391 11,417

All creditors are payable within one year and have therefore not been discounted.