Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 02749391 Mrs Valarie Hofstedt Mr Andrew Macdonald Mr John Hofstedt Mrs Valerie Hofstedt Mr J Hofstedt and Mrs V Hofstedt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02749391 2022-10-31 02749391 2023-10-31 02749391 2022-11-01 2023-10-31 02749391 frs-core:CurrentFinancialInstruments 2023-10-31 02749391 frs-core:Non-currentFinancialInstruments 2023-10-31 02749391 frs-core:ComputerEquipment 2022-11-01 2023-10-31 02749391 frs-core:FurnitureFittings 2022-11-01 2023-10-31 02749391 frs-core:MotorVehicles 2022-11-01 2023-10-31 02749391 frs-core:PlantMachinery 2022-11-01 2023-10-31 02749391 frs-core:ShareCapital 2023-10-31 02749391 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02749391 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02749391 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 02749391 frs-bus:SmallEntities 2022-11-01 2023-10-31 02749391 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02749391 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02749391 1 2022-11-01 2023-10-31 02749391 frs-bus:Director1 2022-11-01 2023-10-31 02749391 frs-bus:Director2 2022-11-01 2023-10-31 02749391 frs-bus:Director3 2022-11-01 2023-10-31 02749391 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 02749391 frs-core:CurrentFinancialInstruments 1 2023-10-31 02749391 frs-core:CurrentFinancialInstruments 2 2023-10-31 02749391 frs-countries:EnglandWales 2022-11-01 2023-10-31 02749391 2021-10-31 02749391 2022-10-31 02749391 2021-11-01 2022-10-31 02749391 frs-core:CurrentFinancialInstruments 2022-10-31 02749391 frs-core:Non-currentFinancialInstruments 2022-10-31 02749391 frs-core:ShareCapital 2022-10-31 02749391 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 02749391 frs-core:CurrentFinancialInstruments 1 2022-10-31 02749391 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 02749391
International Trade Management Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 02749391
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 104,161 104,161
Cash at bank and in hand 1,221 1,221
105,382 105,382
Creditors: Amounts Falling Due Within One Year 5 (237,874 ) (237,874 )
NET CURRENT ASSETS (LIABILITIES) (132,492 ) (132,492 )
TOTAL ASSETS LESS CURRENT LIABILITIES (132,492 ) (132,492 )
Creditors: Amounts Falling Due After More Than One Year 6 (43,732 ) (43,732 )
NET LIABILITIES (176,224 ) (176,224 )
CAPITAL AND RESERVES
Called up share capital 7 1,098 1,098
Profit and Loss Account (177,322 ) (177,322 )
SHAREHOLDERS' FUNDS (176,224) (176,224)
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Hofstedt
Director
31/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
International Trade Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02749391 . The registered office is 39 Thistle Down Close, Streetley, West Midlands, B74 3EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% per annum reducing balance
Motor Vehicles 25% per annum reducing balance
Fixtures & Fittings 20% per annum reducing balance
Computer Equipment 33.33% per annum straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
£ £
Due within one year
Sale of assets (Debtors < 1 year) 54,161 54,161
Due after more than one year
Sale of assets (Debtors > 1 year) 50,000 50,000
104,161 104,161
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Shares classed as financial liabilities 250,000 250,000
Monies received by ITM Ltd on behalf of Karing International Ltd (12,626 ) (12,626 )
Accruals and deferred income 500 500
237,874 237,874
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 43,732 43,732
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,098 1,098
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Hofstedt and Mrs V Hofstedt by virtue of their ownership of the majority of issued share capital in the company.
Page 2