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I-TECH INNOVATIONS LTD

Registered Number
07191077
(England and Wales)

Unaudited Financial Statements for the Year ended
12 July 2024

I-TECH INNOVATIONS LTD
Company Information
for the year from 13 July 2023 to 12 July 2024

Director

ZOLNIERCZYK, Pawel

Registered Address

28 Eccles Rd
Manchester
M27 5PL

Registered Number

07191077 (England and Wales)
I-TECH INNOVATIONS LTD
Balance Sheet as at
12 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,2392,798
2,2392,798
Current assets
Debtors14,5097,905
Cash at bank and on hand11,8651,932
26,3749,837
Creditors amounts falling due within one year(27,613)(12,595)
Net current assets (liabilities)(1,239)(2,758)
Total assets less current liabilities1,00040
Net assets1,00040
Capital and reserves
Called up share capital1,0001,000
Profit and loss account-(960)
Shareholders' funds1,00040
The financial statements were approved and authorised for issue by the Director on 9 October 2024, and are signed on its behalf by:
ZOLNIERCZYK, Pawel
Director
Registered Company No. 07191077
I-TECH INNOVATIONS LTD
Notes to the Financial Statements
for the year ended 12 July 2024

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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 13 July 239,918
At 12 July 249,918
Depreciation and impairment
At 13 July 237,120
Charge for year559
At 12 July 247,679
Net book value
At 12 July 242,239
At 12 July 232,798