1 June 2022 false No description of principal activity Taxfiler 2023.14 08542651business:PrivateLimitedCompanyLtd2022-06-012023-05-31 085426512022-05-31 085426512022-06-012023-05-31 08542651business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 08542651business:FilletedAccounts2022-06-012023-05-31 085426512023-05-31 085426512022-05-31 08542651core:WithinOneYear2023-05-31 08542651core:WithinOneYear2022-05-31 08542651core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08542651core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 08542651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08542651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 08542651core:PreviouslyStatedAmount2023-05-31 08542651core:PreviouslyStatedAmount2022-05-31 08542651business:SmallEntities2022-06-012023-05-31 08542651business:Director22022-06-012023-05-31 08542651countries:EnglandWales2022-06-012023-05-31 08542651business:RegisteredOffice2022-06-012023-05-31 08542651core:ComputerEquipment2022-05-31 08542651core:ComputerEquipment2023-05-31 08542651core:ComputerEquipment2022-06-012023-05-31 08542651business:Director212022-06-012023-05-31 08542651business:Director212022-05-31 08542651business:Director212023-05-31 085426512021-06-012022-05-31 iso4217:GBP xbrli:pure
ITS2 UK LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
129 
350 
Current assets
Debtors
25 
- 
Cash at bank and in hand
1,175 
11,801 
1,200 
11,801 
Creditors: amounts falling due within one year
(974)
314 
Net current assets
226 
12,115 
Net assets
355 
12,465 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(645)
11,465 
Shareholders' funds
355 
12,465 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 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 of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by
Pawel CHWIECKO Director Company Registration No. 08542651
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ITS2 UK LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ITS2 UK LTD is a private company, limited by shares, registered in England and Wales, registration number 08542651. The registered office is OFFICE 7 35/37 LUDGATE HILL, LONDON, EC4M 7JN, ENGLAND.
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.
3
Accounting policies
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
882 
At 31 May 2023
882 
Depreciation
At 1 June 2022
532 
Charge for the year
221 
At 31 May 2023
753 
Net book value
At 31 May 2023
129 
At 31 May 2022
350 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
25 
- 
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ITS2 UK LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
400 
(314)
Loans from directors
416 
- 
Accruals
158 
- 
974 
(314)
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Pawel CHWIECKO
Director Loan taken
416 
- 
- 
416 
416 
- 
- 
416 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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