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REGISTERED NUMBER: 11762305 (England and Wales)















ITECH ELECTRICAL CONTRACTORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ITECH ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 11762305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ITECH ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr B W Clark





REGISTERED OFFICE: 24 The Hedgerow
Weavering
Maidstone
Kent
ME14 5TG





REGISTERED NUMBER: 11762305 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

ITECH ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 11762305)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,609 6,333

CURRENT ASSETS
Debtors 5 633,460 31,218
Cash at bank 152,506 498,932
785,966 530,150
CREDITORS
Amounts falling due within one year 6 163,961 140,571
NET CURRENT ASSETS 622,005 389,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,614

395,912

CREDITORS
Amounts falling due after more than one year 7 31,438 36,646
NET ASSETS 612,176 359,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 612,076 359,166
612,176 359,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ITECH ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 11762305)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2024 and were signed by:





Mr B W Clark - Director


ITECH ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 11762305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Itech Electrical Contractors 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

ITECH ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 11762305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 6,833 2,429 9,262
Additions 21,700 1,639 23,339
At 31 December 2023 28,533 4,068 32,601
DEPRECIATION
At 1 January 2023 1,708 1,221 2,929
Charge for year 6,707 1,356 8,063
At 31 December 2023 8,415 2,577 10,992
NET BOOK VALUE
At 31 December 2023 20,118 1,491 21,609
At 31 December 2022 5,125 1,208 6,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 179,603 -
Amounts owed by associates 453,857 -
VAT - 31,218
633,460 31,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans under 1 year 6,210 6,210
Trade creditors 14,218 21,928
Corporation Tax 91,126 89,797
Social security and other taxes 9,064 6,233
VAT 33,666 -
Directors' current accounts 245 15,300
Accrued expenses 9,432 1,103
163,961 140,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans over 1 year 31,438 36,646