Remitech Limited Filleted Accounts Cover
Remitech Limited
Company No. 11141114
Information for Filing with The Registrar
31 January 2024
Remitech Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 January 2024.
Principal activities
The principal activity of the company during the year under review was Information technology consultancy services.
Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with united Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

• select suitable accounting policies and then apply them consistently;
• make judgments and estimates that are reasonable and prudent;
• state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section 1A, have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The Directors who served at any time during the year were as follows:
O.D. Goodman-Remington
D. Remington
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Remington
Director
27 October 2024
Remitech Limited Balance Sheet Registrar
at
31 January 2024
Company No.
11141114
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
3,0991,764
3,0991,764
Current assets
Debtors
5
321,929374,980
Cash at bank and in hand
511,499619,257
833,428994,237
Creditors: Amount falling due within one year
6
(484,858)
(619,255)
Net current assets
348,570374,982
Total assets less current liabilities
351,669376,746
Net assets
351,669376,746
Capital and reserves
Called up share capital
100100
Profit and loss account
7
351,569376,646
Total equity
351,669376,746
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 October 2024 and signed on its behalf by:
D. Remington
Director
27 October 2024
Remitech Limited Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
Remitech Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11141114
Its registered office is:
2 Theobald Court
2nd Floor
Theobald Street
Borehamwood
WD6 4RN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
21
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 February 2023
3,5483,548
Additions
2,3902,390
At 31 January 2024
5,9385,938
Depreciation
At 1 February 2023
1,7841,784
Charge for the year
1,0551,055
At 31 January 2024
2,8392,839
Net book values
At 31 January 2024
3,0993,099
At 31 January 2023
1,764
1,764
5
Debtors
2024
2023
£
£
Trade debtors
320,717374,980
Other debtors
1,212-
321,929374,980
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
256,859331,893
Taxes and social security
90,915
167,873
Loans from directors
136,485-
Other creditors
404119,211
Accruals and deferred income
195278
484,858619,255
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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