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Company Registration No. 06442068 (England and Wales)
ITAI Limited Unaudited accounts for the year ended 30 November 2024
ITAI Limited Unaudited accounts Contents
Page
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ITAI Limited Company Information for the year ended 30 November 2024
Director
J Valle
Secretary
V Valle
Company Number
06442068 (England and Wales)
Registered Office
4 Radley Court London London SE16 6AJ England
Accountants
Ruffett Accountancy Limited Hillside Lodge Ridgeway Woking Surrey GU21 4QP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ITAI Limited for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ITAI Limited for the year ended 30 November 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of ITAI Limited, as a body, in accordance with the terms of our engagement letter dated 21 October 2022. Our work has been undertaken solely to prepare for your approval the accounts of ITAI Limited and state those matters that we have agreed to state to the Board of Directors of ITAI Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITAI Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ITAI Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ITAI Limited. You consider that ITAI Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ITAI Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruffett Accountancy Limited Chartered Certified Accountants Hillside Lodge Ridgeway Woking Surrey GU21 4QP 8 January 2025
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ITAI Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,411 
11,215 
Current assets
Debtors
3,929 
9,368 
Cash at bank and in hand
10,292 
9,459 
14,221 
18,827 
Creditors: amounts falling due within one year
(15,807)
(29,974)
Net current liabilities
(1,586)
(11,147)
Net assets
6,825 
68 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,823 
66 
Shareholders' funds
6,825 
68 
For the year ending 30 November 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2025 and were signed on its behalf by
J Valle Director Company Registration No. 06442068
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ITAI Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
ITAI Limited is a private company, limited by shares, registered in England and Wales, registration number 06442068. The registered office is 4 Radley Court, London, London, SE16 6AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2023
77,355 
At 30 November 2024
77,355 
Depreciation
At 1 December 2023
66,140 
Charge for the year
2,804 
At 30 November 2024
68,944 
Net book value
At 30 November 2024
8,411 
At 30 November 2023
11,215 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,929 
9,368 
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ITAI Limited Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,750 
7,750 
VAT
3,958 
4,068 
Taxes and social security
5,509 
15,708 
Other creditors
- 
2,698 
Loans from directors
15 
(1,913)
Accruals
1,575 
1,663 
15,807 
29,974 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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