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Registration number: 05524941

Iterior Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Iterior Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Iterior Limited

Company Information

Director

Mr J B Skraba

Company secretary

Mr C J Skraba

Registered office

27 Osprey Drive
Uckfield
East Sussex
TN22 5PF

Accountants

MJD Accounting Limited
Chartered Accountants165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

 

Iterior Limited

(Registration number: 05524941)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,778

2,163

Current assets

 

Debtors

5

453

1,160

Cash at bank and in hand

 

94,465

105,750

 

94,918

106,910

Creditors: Amounts falling due within one year

6

(6,058)

(3,191)

Net current assets

 

88,860

103,719

Total assets less current liabilities

 

91,638

105,882

Provisions for liabilities

(528)

(411)

Net assets

 

91,110

105,471

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

91,010

105,371

Shareholders' funds

 

91,110

105,471

For the financial year ending 31 July 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 March 2025
 

.......................................................

Mr J B Skraba
Director

 

Iterior Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Osprey Drive
Uckfield
East Sussex
TN22 5PF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentational currency is sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Iterior Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance basis

Computer equipment

10% reducing balance basis

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 August 2023

1,759

1,576

3,335

Additions

406

517

923

At 31 July 2024

2,165

2,093

4,258

Depreciation

At 1 August 2023

572

600

1,172

Charge for the year

159

149

308

At 31 July 2024

731

749

1,480

Carrying amount

At 31 July 2024

1,434

1,344

2,778

At 31 July 2023

1,187

976

2,163

 

Iterior Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

364

-

Prepayments

89

82

Other debtors

-

1,078

 

453

1,160

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,716

942

Accruals and deferred income

830

790

Other creditors

2,512

1,459

6,058

3,191

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100