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Registered number: 11955031

ITSOWEN LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023

Prepared By:
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

ITSOWEN LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
DIRECTORS
Owen Clough
C Dunford
REGISTERED OFFICE
7 Doe Park
Clifton Moor
York
N Yorks
YO30 4UQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11955031
ACCOUNTANTS
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

ITSOWEN LIMITED

BALANCE SHEET AT 30/04/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3278,190-
CURRENT ASSETS
Stock14,500-
Debtors5245,71511,302
Cash at bank and in hand274,603710,524
534,818721,826
CREDITORS: Amounts falling due within one year621,37812,612
NET CURRENT ASSETS513,440709,214
TOTAL ASSETS LESS CURRENT LIABILITIES791,630709,214
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account791,530709,114
SHAREHOLDERS' FUNDS791,630709,214
For the year ending 30/04/2023 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/09/2023 and signed on their behalf by
.............................
Owen Clough
Director

ITSOWEN LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
In the opinion of the Directors, the current market value of the Company's Freehold Property exceeds its original cost & no depreciation is deemed relevant.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

ITSOWEN LIMITED

3. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
Additions278,190278,190
At 30/04/2023278,190278,190
Depreciation
At 30/04/2023--
Net Book Amounts
At 30/04/2023278,190278,190
4. STOCK 20232022
££
Stock comprises:
Stock14,500-
14,500-
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors49,08911,302
Amounts due from Associated Comapny195,056-
Directors current account1,570-
245,71511,302
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax20,56811,892
Trade creditors810720
21,37812,612

ITSOWEN LIMITED

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100.00100.00
100100