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Company No: 04420719 (England and Wales)

IRRITECH LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

IRRITECH LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

IRRITECH LIMITED

BALANCE SHEET

As at 30 April 2024
IRRITECH LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 59,086 82,413
59,086 82,413
Current assets
Debtors 4 339,452 204,947
Cash at bank and in hand 1,140,610 881,500
1,480,062 1,086,447
Creditors: amounts falling due within one year 5 ( 233,278) ( 189,783)
Net current assets 1,246,784 896,664
Total assets less current liabilities 1,305,870 979,077
Net assets 1,305,870 979,077
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,305,770 978,977
Total shareholder's funds 1,305,870 979,077

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Irritech Limited (registered number: 04420719) were approved and authorised for issue by the Director on 20 January 2025. They were signed on its behalf by:

Mr R W Davey
Director
IRRITECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
IRRITECH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Irritech Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activates. Turnover is shown net of value added tax and is recognised when the services have been provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Tools and equipment 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 5

3. Tangible assets

Land and buildings Vehicles Tools and equipment Office equipment Total
£ £ £ £ £
Cost
At 01 May 2023 1,924 66,254 40,991 36,213 145,382
Additions 0 0 0 2,997 2,997
Disposals ( 1,924) 0 ( 24,573) ( 27,416) ( 53,913)
At 30 April 2024 0 66,254 16,418 11,794 94,466
Accumulated depreciation
At 01 May 2023 0 2,761 32,933 27,275 62,969
Charge for the financial year 0 15,873 2,014 2,370 20,257
Disposals 0 0 ( 22,980) ( 24,866) ( 47,846)
At 30 April 2024 0 18,634 11,967 4,779 35,380
Net book value
At 30 April 2024 0 47,620 4,451 7,015 59,086
At 30 April 2023 1,924 63,493 8,058 8,938 82,413

4. Debtors

2024 2023
£ £
Trade debtors 78,578 98,883
Amounts owed by Group undertakings 150,000 0
Amounts owed by director 52,373 51,220
Prepayments 4,613 2,760
Other debtors 53,888 52,084
339,452 204,947

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,284 6,983
Accruals and deferred income 71,769 72,997
Corporation tax 118,741 84,515
Other taxation and social security 28,754 22,558
Other creditors 2,730 2,730
233,278 189,783

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Loan to director with interest charged at HMRC official rate 52,373 51,220

During the year advances of £1,153 were paid to the director.