I.T.P. SALES LIMITED

Company Registration Number:
01192331 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

I.T.P. SALES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

I.T.P. SALES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 7,142 8,926
Tangible assets: 4 132,581 132,315
Investments:   0 0
Total fixed assets: 139,723 141,241
Current assets
Stocks: 1,108,910 1,381,697
Debtors:   106,175 249,891
Cash at bank and in hand: 0 131,021
Investments:   0 0
Total current assets: 1,215,085 1,762,609
Creditors: amounts falling due within one year:   (283,660) (956,976)
Net current assets (liabilities): 931,425 805,633
Total assets less current liabilities: 1,071,148 946,874
Creditors: amounts falling due after more than one year:   (327,567) (98,333)
Provision for liabilities: 0 0
Total net assets (liabilities): 743,581 848,541
Capital and reserves
Called up share capital: 310,000 310,000
Share premium account: 0 0
Revaluation reserve:583,68583,685
Other reserves: 0 0
Profit and loss account: 349,896 454,856
Shareholders funds: 743,581 848,541

The notes form part of these financial statements

I.T.P. SALES LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 July 2024
and signed on behalf of the board by:

Name: G L Turpin
Status: Director

The notes form part of these financial statements

I.T.P. SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

I.T.P. SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 22 21

I.T.P. SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 499,192
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2024 499,192
Amortisation
At 01 June 2023 490,266
Charge for year 1,784
On disposals 0
Other adjustments 0
At 31 May 2024 492,050
Net book value
At 31 May 2024 7,142
At 31 May 2023 8,926

I.T.P. SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 2,204,902
Additions 28,775
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2024 2,233,677
Depreciation
At 01 June 2023 2,072,587
Charge for year 28,509
On disposals 0
Other adjustments 0
At 31 May 2024 2,101,096
Net book value
At 31 May 2024 132,581
At 31 May 2023 132,315

I.T.P. SALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Revaluation reserve

2024
£
Balance at 01 June 2023 83,685
Surplus or deficit after revaluation 0
Balance at 31 May 2024 83,685