1 June 2023 false No description of principal activity Taxfiler 2023.14 08542651business:PrivateLimitedCompanyLtd2023-06-012024-03-02 085426512023-05-31 085426512023-06-012024-03-02 08542651business:AuditExempt-NoAccountantsReport2023-06-012024-03-02 08542651business:FilletedAccounts2023-06-012024-03-02 085426512024-03-02 085426512023-05-31 08542651core:WithinOneYear2024-03-02 08542651core:WithinOneYear2023-05-31 08542651core:ShareCapitalcore:PreviouslyStatedAmount2024-03-02 08542651core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08542651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-02 08542651core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08542651core:PreviouslyStatedAmount2024-03-02 08542651core:PreviouslyStatedAmount2023-05-31 08542651business:SmallEntities2023-06-012024-03-02 08542651business:Director22023-06-012024-03-02 08542651countries:EnglandWales2023-06-012024-03-02 08542651business:RegisteredOffice2023-06-012024-03-02 08542651core:ComputerEquipment2023-05-31 08542651core:ComputerEquipment2024-03-02 08542651core:ComputerEquipment2023-06-012024-03-02 08542651business:Director212023-06-012024-03-02 08542651business:Director212023-05-31 08542651business:Director212024-03-02 085426512022-06-012023-05-31 iso4217:GBP xbrli:pure
ITS2 UK LTD Statement of financial position as at 2 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
129 
Current assets
Debtors
- 
25 
Cash at bank and in hand
137 
1,175 
137 
1,200 
Creditors: amounts falling due within one year
(672)
(974)
Net current (liabilities)/assets
(535)
226 
Net (liabilities)/assets
(535)
355 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(1,535)
(645)
Shareholders' funds
(535)
355 
For the period ending 2 March 2024 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 6 March 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 period from 1 June 2023 to 2 March 2024
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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 2023
882 
At 2 March 2024
882 
Depreciation
At 1 June 2023
753 
Charge for the period
129 
At 2 March 2024
882 
Net book value
At 2 March 2024
- 
At 31 May 2023
129 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
25 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
400 
Loans from directors
672 
416 
Accruals
- 
158 
672 
974 
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ITS2 UK LTD Notes to the Accounts for the period from 1 June 2023 to 2 March 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Pawel CHWIECKO
Director Loan taken
416 
256 
- 
672 
416 
256 
- 
672 
8
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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