2022-12-012023-11-302023-11-30false11681757Itanks And Valves 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Itanks And Valves Limited

Registered Number
11681757
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Itanks And Valves Limited
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Green, Simon Paul

Registered Address

55 Burton Road
Lincoln
LN1 3JY

Registered Number

11681757 (England and Wales)
Itanks And Valves Limited
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks-4,500
Debtors-6
Cash at bank and on hand7,761-
7,7614,506
Creditors amounts falling due within one year(9,454)(5,367)
Net current assets (liabilities)(1,693)(861)
Total assets less current liabilities(1,693)(861)
Net assets(1,693)(861)
Capital and reserves
Called up share capital11
Profit and loss account(1,694)(862)
Shareholders' funds(1,693)(861)
The financial statements were approved and authorised for issue by the Director on 30 August 2024, and are signed on its behalf by:
Green, Simon Paul
Director
Registered Company No. 11681757
Itanks And Valves Limited
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00