2021-01-012021-12-312021-12-31false10842954CIITECH LTD2022-09-0847910iso4217:GBPxbrli:pure108429542021-01-01108429542021-12-31108429542021-01-012021-12-31108429542020-01-01108429542020-12-31108429542020-01-012020-12-3110842954bus:SmallEntities2021-01-012021-12-3110842954bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3110842954bus:FullAccounts2021-01-012021-12-3110842954bus:PrivateLimitedCompanyLtd2021-01-012021-12-3110842954core:WithinOneYear2021-12-3110842954core:AfterOneYear2021-12-3110842954core:WithinOneYear2020-12-3110842954core:AfterOneYear2020-12-3110842954core:ShareCapital2021-12-3110842954core:SharePremium2021-12-3110842954core:RevaluationReserve2021-12-3110842954core:OtherReservesSubtotal2021-12-3110842954core:RetainedEarningsAccumulatedLosses2021-12-3110842954core:ShareCapital2020-12-3110842954core:SharePremium2020-12-3110842954core:RevaluationReserve2020-12-3110842954core:OtherReservesSubtotal2020-12-3110842954core:RetainedEarningsAccumulatedLosses2020-12-3110842954core:LandBuildings2021-12-3110842954core:PlantMachinery2021-12-3110842954core:Vehicles2021-12-3110842954core:FurnitureFittings2021-12-3110842954core:OfficeEquipment2021-12-3110842954core:NetGoodwill2021-12-3110842954core:IntangibleAssetsOtherThanGoodwill2021-12-3110842954core:ListedExchangeTraded2021-12-3110842954core:UnlistedNon-exchangeTraded2021-12-3110842954core:LandBuildings2020-12-3110842954core:PlantMachinery2020-12-3110842954core:Vehicles2020-12-3110842954core:FurnitureFittings2020-12-3110842954core:OfficeEquipment2020-12-3110842954core:NetGoodwill2020-12-3110842954core:IntangibleAssetsOtherThanGoodwill2020-12-3110842954core:ListedExchangeTraded2020-12-3110842954core:UnlistedNon-exchangeTraded2020-12-3110842954core:LandBuildings2021-01-012021-12-3110842954core:PlantMachinery2021-01-012021-12-3110842954core:Vehicles2021-01-012021-12-3110842954core:FurnitureFittings2021-01-012021-12-3110842954core:OfficeEquipment2021-01-012021-12-3110842954core:NetGoodwill2021-01-012021-12-3110842954core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3110842954core:ListedExchangeTraded2021-01-012021-12-3110842954core:UnlistedNon-exchangeTraded2021-01-012021-12-3110842954core:MoreThanFiveYears2021-01-012021-12-3110842954core:Non-currentFinancialInstruments2021-12-3110842954core:Non-currentFinancialInstruments2020-12-3110842954dpl:CostSales2021-01-012021-12-3110842954dpl:DistributionCosts2021-01-012021-12-3110842954dpl:AdministrativeExpenses2021-01-012021-12-3110842954core:LandBuildings2021-01-012021-12-3110842954core:PlantMachinery2021-01-012021-12-3110842954core:Vehicles2021-01-012021-12-3110842954core:FurnitureFittings2021-01-012021-12-3110842954core:OfficeEquipment2021-01-012021-12-3110842954core:NetGoodwill2021-01-012021-12-3110842954core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3110842954dpl:GroupUndertakings2021-01-012021-12-3110842954dpl:ParticipatingInterests2021-01-012021-12-3110842954dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3110842954core:ListedExchangeTraded2021-01-012021-12-3110842954dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3110842954core:UnlistedNon-exchangeTraded2021-01-012021-12-3110842954dpl:CostSales2020-01-012020-12-3110842954dpl:DistributionCosts2020-01-012020-12-3110842954dpl:AdministrativeExpenses2020-01-012020-12-3110842954core:LandBuildings2020-01-012020-12-3110842954core:PlantMachinery2020-01-012020-12-3110842954core:Vehicles2020-01-012020-12-3110842954core:FurnitureFittings2020-01-012020-12-3110842954core:OfficeEquipment2020-01-012020-12-3110842954core:NetGoodwill2020-01-012020-12-3110842954core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3110842954dpl:GroupUndertakings2020-01-012020-12-3110842954dpl:ParticipatingInterests2020-01-012020-12-3110842954dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3110842954core:ListedExchangeTraded2020-01-012020-12-3110842954dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3110842954core:UnlistedNon-exchangeTraded2020-01-012020-12-3110842954core:NetGoodwill2021-12-3110842954core:IntangibleAssetsOtherThanGoodwill2021-12-3110842954core:LandBuildings2021-12-3110842954core:PlantMachinery2021-12-3110842954core:Vehicles2021-12-3110842954core:FurnitureFittings2021-12-3110842954core:OfficeEquipment2021-12-3110842954core:AfterOneYear2021-12-3110842954core:WithinOneYear2021-12-3110842954core:ListedExchangeTraded2021-12-3110842954core:UnlistedNon-exchangeTraded2021-12-3110842954core:ShareCapital2021-12-3110842954core:SharePremium2021-12-3110842954core:RevaluationReserve2021-12-3110842954core:OtherReservesSubtotal2021-12-3110842954core:RetainedEarningsAccumulatedLosses2021-12-3110842954core:NetGoodwill2020-12-3110842954core:IntangibleAssetsOtherThanGoodwill2020-12-3110842954core:LandBuildings2020-12-3110842954core:PlantMachinery2020-12-3110842954core:Vehicles2020-12-3110842954core:FurnitureFittings2020-12-3110842954core:OfficeEquipment2020-12-3110842954core:AfterOneYear2020-12-3110842954core:WithinOneYear2020-12-3110842954core:ListedExchangeTraded2020-12-3110842954core:UnlistedNon-exchangeTraded2020-12-3110842954core:ShareCapital2020-12-3110842954core:SharePremium2020-12-3110842954core:RevaluationReserve2020-12-3110842954core:OtherReservesSubtotal2020-12-3110842954core:RetainedEarningsAccumulatedLosses2020-12-3110842954core:NetGoodwill2020-01-0110842954core:IntangibleAssetsOtherThanGoodwill2020-01-0110842954core:LandBuildings2020-01-0110842954core:PlantMachinery2020-01-0110842954core:Vehicles2020-01-0110842954core:FurnitureFittings2020-01-0110842954core:OfficeEquipment2020-01-0110842954core:AfterOneYear2020-01-0110842954core:WithinOneYear2020-01-0110842954core:ListedExchangeTraded2020-01-0110842954core:UnlistedNon-exchangeTraded2020-01-0110842954core:ShareCapital2020-01-0110842954core:SharePremium2020-01-0110842954core:RevaluationReserve2020-01-0110842954core:OtherReservesSubtotal2020-01-0110842954core:RetainedEarningsAccumulatedLosses2020-01-0110842954core:AfterOneYear2021-01-012021-12-3110842954core:WithinOneYear2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:CostValuation2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-01-012021-12-3110842954core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3110842954core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3110842954core:Non-currentFinancialInstrumentscore:CostValuation2020-12-3110842954core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-12-3110842954core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-12-3110842954bus:Director12021-01-012021-12-3110842954bus:Director22021-01-012021-12-31

CIITECH LTD

Registered Number
10842954
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

CIITECH LTD
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

COLEMAN, Antony Thomas
FLACK, Clifton

Registered Address

167-169 Great Portland Street 5th Floor
London
W1W 5PF

Registered Number

10842954 (England and Wales)
CIITECH LTD
Balance Sheet as at
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets54701,682
4701,682
Current assets
Debtors6847,602672,539
Cash at bank and on hand125,145422,310
972,7471,094,849
Creditors amounts falling due within one year7(694,601)(449,795)
Net current assets (liabilities)278,146645,054
Total assets less current liabilities278,616646,736
Creditors amounts falling due after one year8(2,359,736)(201,512)
Provisions for liabilities9(493)(493)
Net assets(2,081,613)444,731
Capital and reserves
Called up share capital176176
Share premium834,761134,944
Profit and loss account(2,916,550)309,611
Shareholders' funds(2,081,613)444,731
The financial statements were approved and authorised for issue by the Board of Directors on 8 September 2022, and are signed on its behalf by:
FLACK, Clifton
Director
Registered Company No. 10842954
CIITECH LTD
Notes to the Financial Statements
for the year ended 31 December 2021

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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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

20212020
Average number of employees during the year--
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 21-3,6723,672
At 31 December 21-3,6723,672
Depreciation and impairment
At 01 January 21-1,9901,990
Charge for year1,212-1,212
At 31 December 211,2121,9903,202
Net book value
At 31 December 21(1,212)1,682470
At 31 December 20-1,6821,682
6.Debtors

2021

2020

££
Trade debtors / trade receivables845,929663,147
Other debtors1,673-
Prepayments and accrued income-9,392
Total847,602672,539
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2021

2020

££
Trade creditors / trade payables562,059171,511
Bank borrowings and overdrafts121,69348,488
Taxation and social security2,237210,813
Other creditors5,2643
Accrued liabilities and deferred income3,34818,980
Total694,601449,795
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2021

2020

££
Bank borrowings and overdrafts2,359,736201,512
Total2,359,736201,512
9.Provisions for liabilities

2021

2020

££
Net deferred tax liability (asset)493493
Total493493