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REGISTERED NUMBER: 09358452 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2023

for

I T M Sales Ltd

I T M Sales Ltd (Registered number: 09358452)

Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


I T M Sales Ltd

Company Information
for the Period 1 January 2023 to 31 March 2023







DIRECTOR: I T MacGregor



REGISTERED OFFICE: 66 Boulmer Avenue
Kingsway
Quedgeley
Gloucester
Gloucestershire
GL2 2FX



REGISTERED NUMBER: 09358452 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
18 Southgate Street
Gloucester
Gloucestershire
GL1 2DH

I T M Sales Ltd (Registered number: 09358452)

Statement of Financial Position
31 March 2023

31/3/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 4 - 72
Cash at bank 24,662 36,793
24,662 36,865
CREDITORS
Amounts falling due within one year 5 18,662 23,981
NET CURRENT ASSETS 6,000 12,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,000

12,884

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,999 12,883
SHAREHOLDERS' FUNDS 6,000 12,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2023 and were signed by:





I T MacGregor - Director


I T M Sales Ltd (Registered number: 09358452)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2023


1. STATUTORY INFORMATION

I T M Sales Ltd 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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 period was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/12/22
£    £   
Other debtors - 72

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/12/22
£    £   
Taxation and social security 2,153 3,472
Other creditors 16,509 20,509
18,662 23,981

I T M Sales Ltd (Registered number: 09358452)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2023


6. RELATED PARTY DISCLOSURES

A loan exists between the company and the director I T MacGregor. At 31 March 2023, the company owed the director £15,480 (2022 - £18,547). The loan, included within other creditors, is interest free and has no fixed repayment terms.