Company Registration No. 07287271 (England and Wales)
ITT SYSTEMS LTD
Unaudited accounts
for the year ended 31 March 2023
ITT SYSTEMS LTD
Unaudited accounts
Contents
ITT SYSTEMS LTD
Company Information
for the year ended 31 March 2023
Company Number
07287271 (England and Wales)
Registered Office
United House
39 - 41 North Road
London
N7 9DP
Accountants
Bogatyij Ltd
United House
39 - 41 North Road
London
N7 9DP
ITT SYSTEMS LTD
Statement of financial position
as at 31 March 2023
Net current assets
-
21,014
Profit and loss account
-
26,107
Shareholders' funds
-
26,107
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
Carl Manley
Director
Company Registration No. 07287271
ITT SYSTEMS LTD
Notes to the Accounts
for the year ended 31 March 2023
ITT SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 07287271. The registered office is United House, 39 - 41 North Road, London, N7 9DP.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on a reducing line basis
4
Tangible fixed assets
Computer equipment
ITT SYSTEMS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan to Director
16,000
-
16,000
-
Further loan to Director
5,014
-
5,014
-
Loans to the director were repaid within the accounting period.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).