IRIS Accounts Production v24.2.0.383 13792800 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137928002023-03-31137928002024-03-31137928002023-04-012024-03-31137928002021-12-01137928002021-12-022023-03-31137928002023-03-3113792800ns15:EnglandWales2023-04-012024-03-3113792800ns14:PoundSterling2023-04-012024-03-3113792800ns10:Director12023-04-012024-03-3113792800ns10:Director22023-04-012024-03-3113792800ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113792800ns10:SmallEntities2023-04-012024-03-3113792800ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113792800ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113792800ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113792800ns10:AbridgedAccounts2023-04-012024-03-3113792800ns10:RegisteredOffice2023-04-012024-03-3113792800ns5:CurrentFinancialInstruments2024-03-3113792800ns5:CurrentFinancialInstruments2023-03-3113792800ns5:Non-currentFinancialInstruments2024-03-3113792800ns5:Non-currentFinancialInstruments2023-03-3113792800ns5:ShareCapital2024-03-3113792800ns5:ShareCapital2023-03-3113792800ns5:RetainedEarningsAccumulatedLosses2024-03-3113792800ns5:RetainedEarningsAccumulatedLosses2023-03-3113792800ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3113792800ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3113792800ns10:Director222023-03-3113792800ns10:Director222021-12-0113792800ns10:Director222023-04-012024-03-3113792800ns10:Director222021-12-022023-03-3113792800ns10:Director222024-03-3113792800ns10:Director222023-03-31137928001ns10:Director12023-03-31137928001ns10:Director12021-12-01137928001ns10:Director12023-04-012024-03-31137928001ns10:Director12021-12-022023-03-31137928001ns10:Director12024-03-31137928001ns10:Director12023-03-31
REGISTERED NUMBER: 13792800 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Itec Industrial Holdings Limited

Itec Industrial Holdings Limited (Registered number: 13792800)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Itec Industrial Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J T Jenkins
Mr A Davies





REGISTERED OFFICE: Unit 16
Lodge Forge Trading Estate
Cradley Road
Cradley Heath
West Midlands
B64 7RW





REGISTERED NUMBER: 13792800 (England and Wales)





ACCOUNTANTS: Lewis Smith & Co.
Chartered Certified Accountants
The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW

Itec Industrial Holdings Limited (Registered number: 13792800)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investments 5 357,634 357,634
357,636 357,636

CURRENT ASSETS
Debtors 14,563 29,741
Cash at bank 3,325 9,634
17,888 39,375
CREDITORS
Amounts falling due within one year 5,526 1,657
NET CURRENT ASSETS 12,362 37,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,998

395,354

CREDITORS
Amounts falling due after more than one
year

6

262,498

255,247
NET ASSETS 107,500 140,107

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 107,496 140,103
SHAREHOLDERS' FUNDS 107,500 140,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Itec Industrial Holdings Limited (Registered number: 13792800)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:




Mr J T Jenkins - Director



Mr A Davies - Director


Itec Industrial Holdings Limited (Registered number: 13792800)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Itec Industrial Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Itec Industrial Holdings Limited (Registered number: 13792800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 357,634
NET BOOK VALUE
At 31 March 2024 357,634
At 31 March 2023 357,634

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable otherwise than by instalments
Preference shares 163,377 175,677

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 31.3.23
value: £   
160 A Ordinary 1p 2
160 B Ordinary 1p 2
16 C Ordinary 1p -
16 D Ordinary 1p -
16 E Ordinary 1p -
16 F Ordinary 1p -
16 G Ordinary 1p -
4

Itec Industrial Holdings Limited (Registered number: 13792800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
Mr A Davies
Balance outstanding at start of year 13,499 -
Amounts advanced 70,101 51,399
Amounts repaid (82,450 ) (37,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,150 13,499

Mr J T Jenkins
Balance outstanding at start of year 15,351 -
Amounts advanced 65,341 56,201
Amounts repaid (77,150 ) (40,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,542 15,351

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.