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REGISTERED NUMBER: 06092165 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2023

FOR

I.T. FUTURE GENERATION LIMITED

I.T. FUTURE GENERATION LIMITED (REGISTERED NUMBER: 06092165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


I.T. FUTURE GENERATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2023







DIRECTOR: Mr Gareth Peter Harris





REGISTERED OFFICE: 110 Malthouse Road
Crawley
West Sussex
United Kingdom
RH10 6BH





REGISTERED NUMBER: 06092165 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Chartered Accountants & Tax Advisers
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP

I.T. FUTURE GENERATION LIMITED (REGISTERED NUMBER: 06092165)

STATEMENT OF FINANCIAL POSITION
27 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,666 1,666
Cash at bank 13,495 13,495
15,161 15,161
CREDITORS
Amounts falling due within one year 5 12,496 12,496
NET CURRENT ASSETS 2,665 2,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,665

2,665

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 7 2,655 2,655
SHAREHOLDERS' FUNDS 2,665 2,665

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Mr Gareth Peter Harris - Director


I.T. FUTURE GENERATION LIMITED (REGISTERED NUMBER: 06092165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023


1. STATUTORY INFORMATION

I.T. Future Generation 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

ACCOUNTING ESTIMATES AND JUDGEMENTS
In preparing the financial statements, management were not required to make any estimates or judgements which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

I.T. FUTURE GENERATION LIMITED (REGISTERED NUMBER: 06092165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023


4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 1,666 1,666

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,158 5,158
Other creditors 7,338 7,338
12,496 12,496

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.10 10 10

7. RESERVES
Retained
earnings
£   

At 28 February 2022 2,655
Profit for the year -
At 27 February 2023 2,655

8. CONTROLLING PARTY

The controlling party is Mr Gareth Peter Harris.