2023-06-012024-05-312024-05-31false13371227INTERNATIONAL TRADING & FOREX LTD2025-02-27falseiso4217:GBPxbrli:pure133712272023-06-01133712272024-05-31133712272023-06-012024-05-31133712272022-06-01133712272023-05-31133712272022-06-012023-05-3113371227bus:SmallEntities2023-06-012024-05-3113371227bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3113371227bus:FullAccounts2023-06-012024-05-3113371227bus:PrivateLimitedCompanyLtd2023-06-012024-05-3113371227core:WithinOneYear2024-05-3113371227core:AfterOneYear2024-05-3113371227core:WithinOneYear2023-05-3113371227core:AfterOneYear2023-05-3113371227core:ShareCapital2024-05-3113371227core:SharePremium2024-05-3113371227core:RevaluationReserve2024-05-3113371227core:OtherReservesSubtotal2024-05-3113371227core:RetainedEarningsAccumulatedLosses2024-05-3113371227core:ShareCapital2023-05-3113371227core:SharePremium2023-05-3113371227core:RevaluationReserve2023-05-3113371227core:OtherReservesSubtotal2023-05-3113371227core:RetainedEarningsAccumulatedLosses2023-05-3113371227core:LandBuildings2024-05-3113371227core:PlantMachinery2024-05-3113371227core:Vehicles2024-05-3113371227core:FurnitureFittings2024-05-3113371227core:OfficeEquipment2024-05-3113371227core:NetGoodwill2024-05-3113371227core:IntangibleAssetsOtherThanGoodwill2024-05-3113371227core:ListedExchangeTraded2024-05-3113371227core:UnlistedNon-exchangeTraded2024-05-3113371227core:LandBuildings2023-05-3113371227core:PlantMachinery2023-05-3113371227core:Vehicles2023-05-3113371227core:FurnitureFittings2023-05-3113371227core:OfficeEquipment2023-05-3113371227core:NetGoodwill2023-05-3113371227core:IntangibleAssetsOtherThanGoodwill2023-05-3113371227core:ListedExchangeTraded2023-05-3113371227core:UnlistedNon-exchangeTraded2023-05-3113371227core:LandBuildings2023-06-012024-05-3113371227core:PlantMachinery2023-06-012024-05-3113371227core:Vehicles2023-06-012024-05-3113371227core:FurnitureFittings2023-06-012024-05-3113371227core:OfficeEquipment2023-06-012024-05-3113371227core:NetGoodwill2023-06-012024-05-3113371227core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3113371227core:ListedExchangeTraded2023-06-012024-05-3113371227core:UnlistedNon-exchangeTraded2023-06-012024-05-3113371227core:MoreThanFiveYears2023-06-012024-05-3113371227core:Non-currentFinancialInstruments2024-05-3113371227core:Non-currentFinancialInstruments2023-05-3113371227dpl:CostSales2023-06-012024-05-3113371227dpl:DistributionCosts2023-06-012024-05-3113371227core:LandBuildings2023-06-012024-05-3113371227core:PlantMachinery2023-06-012024-05-3113371227core:Vehicles2023-06-012024-05-3113371227core:FurnitureFittings2023-06-012024-05-3113371227core:OfficeEquipment2023-06-012024-05-3113371227dpl:AdministrativeExpenses2023-06-012024-05-3113371227core:NetGoodwill2023-06-012024-05-3113371227core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3113371227dpl:GroupUndertakings2023-06-012024-05-3113371227dpl:ParticipatingInterests2023-06-012024-05-3113371227dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3113371227core:ListedExchangeTraded2023-06-012024-05-3113371227dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3113371227core:UnlistedNon-exchangeTraded2023-06-012024-05-3113371227dpl:CostSales2022-06-012023-05-3113371227dpl:DistributionCosts2022-06-012023-05-3113371227core:LandBuildings2022-06-012023-05-3113371227core:PlantMachinery2022-06-012023-05-3113371227core:Vehicles2022-06-012023-05-3113371227core:FurnitureFittings2022-06-012023-05-3113371227core:OfficeEquipment2022-06-012023-05-3113371227dpl:AdministrativeExpenses2022-06-012023-05-3113371227core:NetGoodwill2022-06-012023-05-3113371227core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3113371227dpl:GroupUndertakings2022-06-012023-05-3113371227dpl:ParticipatingInterests2022-06-012023-05-3113371227dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3113371227core:ListedExchangeTraded2022-06-012023-05-3113371227dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3113371227core:UnlistedNon-exchangeTraded2022-06-012023-05-3113371227core:NetGoodwill2024-05-3113371227core:IntangibleAssetsOtherThanGoodwill2024-05-3113371227core:LandBuildings2024-05-3113371227core:PlantMachinery2024-05-3113371227core:Vehicles2024-05-3113371227core:FurnitureFittings2024-05-3113371227core:OfficeEquipment2024-05-3113371227core:AfterOneYear2024-05-3113371227core:WithinOneYear2024-05-3113371227core:ListedExchangeTraded2024-05-3113371227core:UnlistedNon-exchangeTraded2024-05-3113371227core:ShareCapital2024-05-3113371227core:SharePremium2024-05-3113371227core:RevaluationReserve2024-05-3113371227core:OtherReservesSubtotal2024-05-3113371227core:RetainedEarningsAccumulatedLosses2024-05-3113371227core:NetGoodwill2023-05-3113371227core:IntangibleAssetsOtherThanGoodwill2023-05-3113371227core:LandBuildings2023-05-3113371227core:PlantMachinery2023-05-3113371227core:Vehicles2023-05-3113371227core:FurnitureFittings2023-05-3113371227core:OfficeEquipment2023-05-3113371227core:AfterOneYear2023-05-3113371227core:WithinOneYear2023-05-3113371227core:ListedExchangeTraded2023-05-3113371227core:UnlistedNon-exchangeTraded2023-05-3113371227core:ShareCapital2023-05-3113371227core:SharePremium2023-05-3113371227core:RevaluationReserve2023-05-3113371227core:OtherReservesSubtotal2023-05-3113371227core:RetainedEarningsAccumulatedLosses2023-05-3113371227core:NetGoodwill2022-06-0113371227core:IntangibleAssetsOtherThanGoodwill2022-06-0113371227core:LandBuildings2022-06-0113371227core:PlantMachinery2022-06-0113371227core:Vehicles2022-06-0113371227core:FurnitureFittings2022-06-0113371227core:OfficeEquipment2022-06-0113371227core:AfterOneYear2022-06-0113371227core:WithinOneYear2022-06-0113371227core:ListedExchangeTraded2022-06-0113371227core:UnlistedNon-exchangeTraded2022-06-0113371227core:ShareCapital2022-06-0113371227core:SharePremium2022-06-0113371227core:RevaluationReserve2022-06-0113371227core:OtherReservesSubtotal2022-06-0113371227core:RetainedEarningsAccumulatedLosses2022-06-0113371227core:AfterOneYear2023-06-012024-05-3113371227core:WithinOneYear2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3113371227core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3113371227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3113371227core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3113371227core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3113371227core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3113371227bus:Director12023-06-012024-05-31

INTERNATIONAL TRADING & FOREX LTD

Registered Number
13371227
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

INTERNATIONAL TRADING & FOREX LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

LOMBARDI, Gian Piero

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

17 Hanover Square
London
W1S 1BN

Registered Number

13371227 (England and Wales)
INTERNATIONAL TRADING & FOREX LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors33,423,4831,254,084
Current asset investments42,797-
Cash at bank and on hand40,8341,781,091
3,507,1143,035,175
Creditors amounts falling due within one year4(3,556,645)(3,075,676)
Net current assets (liabilities)(49,531)(40,501)
Total assets less current liabilities(49,531)(40,501)
Net assets(49,531)(40,501)
Capital and reserves
Called up share capital100100
Profit and loss account(49,631)(40,601)
Shareholders' funds(49,531)(40,501)
The financial statements were approved and authorised for issue by the Director on 27 February 2025, and are signed on its behalf by:
LOMBARDI, Gian Piero
Director
Registered Company No. 13371227
INTERNATIONAL TRADING & FOREX LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing 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 transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Debtors: amounts due within one year

2024

2023

££
Other debtors3,423,4831,254,084
Total3,423,4831,254,084
Other debtors contains loan balances from companies for which the director is a shareholder. This amount is interest free and repayable on demand.
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,736-
Other creditors3,551,1733,075,676
Accrued liabilities and deferred income2,736-
Total3,556,6453,075,676