Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseTelecom Activities11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03891452 2023-01-01 2023-12-31 03891452 2022-01-01 2022-12-31 03891452 2023-12-31 03891452 2022-12-31 03891452 c:Director1 2023-01-01 2023-12-31 03891452 d:PlantMachinery 2023-01-01 2023-12-31 03891452 d:PlantMachinery 2023-12-31 03891452 d:PlantMachinery 2022-12-31 03891452 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03891452 d:ComputerEquipment 2023-01-01 2023-12-31 03891452 d:ComputerEquipment 2023-12-31 03891452 d:ComputerEquipment 2022-12-31 03891452 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03891452 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03891452 d:CurrentFinancialInstruments 2023-12-31 03891452 d:CurrentFinancialInstruments 2022-12-31 03891452 d:Non-currentFinancialInstruments 2023-12-31 03891452 d:Non-currentFinancialInstruments 2022-12-31 03891452 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03891452 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03891452 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03891452 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03891452 d:ShareCapital 2023-12-31 03891452 d:ShareCapital 2022-12-31 03891452 d:RetainedEarningsAccumulatedLosses 2023-12-31 03891452 d:RetainedEarningsAccumulatedLosses 2022-12-31 03891452 c:FRS102 2023-01-01 2023-12-31 03891452 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03891452 c:FullAccounts 2023-01-01 2023-12-31 03891452 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03891452 6 2023-01-01 2023-12-31 03891452 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03891452









INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
REGISTERED NUMBER: 03891452

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,168
-

Investments
 5 
1
1

  
1,169
1

Current assets
  

Debtors
 6 
123,791
127,842

Cash at bank and in hand
 7 
16,163
31,732

  
139,954
159,574

Creditors: amounts falling due within one year
 8 
(21,715)
(31,290)

Net current assets
  
 
 
118,239
 
 
128,284

Total assets less current liabilities
  
119,408
128,285

Creditors: amounts falling due after more than one year
 9 
(24,935)
(26,902)

  

Net assets
  
94,473
101,383


Capital and reserves
  

Called up share capital 
  
107,000
107,000

Profit and loss account
  
(12,527)
(5,617)

  
94,473
101,383


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 1

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
REGISTERED NUMBER: 03891452
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

A Beckingham
Director

Date: 26 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Independent Telecommunications Consultants Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland relevant to a company following the small company regime, Companies Act and FRC abstracts.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
20% per annum on straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

Page 4

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant & machinery
Computer equipment
Total

£
£
£



Cost or valuation


Additions
1,460
-
1,460



At 31 December 2023

1,460
-
1,460



Depreciation


Charge for the year on owned assets
-
292
292



At 31 December 2023

-
292
292



Net book value



At 31 December 2023
1,460
(292)
1,168



At 31 December 2022
-
-
-

Page 5

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
4,875
4,875

4,875
4,875

Due within one year

Trade debtors
2,100
1

Other debtors
110,394
110,394

Prepayments and accrued income
4,991
12,572

Tax recoverable
1,431
-

123,791
127,842



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,163
31,732

16,163
31,732


Page 6

 
INDEPENDENT TELECOMMUNICATIONS CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,437
5,917

Trade creditors
2,191
1,754

Corporation tax
-
1,431

Other taxation and social security
2,886
6,758

Other creditors
1,200
1,500

Accruals and deferred income
11,001
13,930

21,715
31,290



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
4,437
5,917

Other loans
20,498
20,985

24,935
26,902


 
Page 7