ITM SECURITY LTD

Company Registration Number:
11794050 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

ITM SECURITY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ITM SECURITY LTD

Company Information

for the Period Ended 28 February 2024




Director: Ivan Tsyupa
Registered office: Office 56
Mill Mead Business Centre
Mill Mead Road
London
South Tottenham
GBR
N17 9QU
Company Registration Number: 11794050 (England and Wales)

ITM SECURITY LTD

Directors' Report Period Ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal Activities

The company's principal activities during the tax year were rendering intermediary employment services in security sector.

Political and charitable donations

No contributions to political organizations nor charitable donations were made during the year.

Company policy on the employment of disabled persons

It is the company’s policy to give employment to disabled persons wherever practicable. At present, with regret, none of our full time/part time staff is registered disabled but whenever required we are looking forward to entrusting professional support in a variety of business-related fields to disabled freelancers.

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 28 February 2024
Ivan Tsyupa

This report was approved by the board of directors on 30 November 2024
And Signed On Behalf Of The Board By:

Name: Ivan Tsyupa
Status: Director

ITM SECURITY LTD

Profit and Loss Account

for the Period Ended 28 February 2024


Notes

2024
£

2023
£
Turnover 429,226 324,530
Cost of sales ( 298,733 ) ( 188,419 )
Gross Profit or (Loss) 130,493 136,111
Administrative Expenses ( 106,199 ) ( 123,311 )
Operating Profit or (Loss) 24,294 12,800
Interest Payable and Similar Charges ( 128 ) -
Profit or (Loss) Before Tax 24,166 12,800
Profit or (Loss) for Period 24,166 12,800

The notes form part of these financial statements

ITM SECURITY LTD

Balance sheet

As at 28 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 0 10,275
Total fixed assets: 0 10,275
Current assets
Cash at bank and in hand: 131,787 40,215
Total current assets: 131,787 40,215
Net current assets (liabilities): 131,787 40,215
Total assets less current liabilities: 131,787 50,490
Creditors: amounts falling due after more than one year: 5 ( 26,042 ) ( 36,690 )
Provision for liabilities: ( 80,579 )
Total net assets (liabilities): 25,166 13,800

The notes form part of these financial statements

ITM SECURITY LTD

Balance sheet continued

As at 28 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 24,166 12,800
Shareholders funds: 25,166 13,800

For the year ending 28 February 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.

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

This report was approved by the board of directors on 30 November 2024
And Signed On Behalf Of The Board By:

Name: Ivan Tsyupa
Status: Director

The notes form part of these financial statements

ITM SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognized by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Motor vehicles - 25% straight line on net book value.
    Disposal of the vehicle occurred.

    Intangible fixed assets amortisation policy

    Amortization on Intangible fixed assets hasn't occurred in this accounting period.

ITM SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 17 16

ITM SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 3. Off balance sheet disclosure

    No

ITM SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible assets

Motor vehicles Total
Cost £ £
At 01 March 2023 10,275 10,275
Additions - -
Disposals ( 7,706 ) ( 7,706 )
Revaluations - -
Transfers - -
At 28 February 2024 2,569 2,569
Depreciation
At 01 March 2023 - -
Charge for year 2,569 2,569
On disposals - -
Other adjustments - -
At 28 February 2024 2,569 2,569
Net book value
At 28 February 2024 0 0
At 28 February 2023 10,275 10,275

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Motor vehicles - 25% straight line on net book value. Disposal of motor vehicle occurred.

ITM SECURITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 26,042 36,690
Total 26,042 36,690

BBLS Ongoing Reconciliation.