ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Exception report
for the year ended 30 June 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 July 2023 per TB
Balance at 30 June
2023 per accounts
Difference
£ £ £
Profit and loss account (Account 968) 155,226 155,225 1
155,226 155,225 1
This page does not form part of the statutory financial statements.
Company registration number: 11393919
Unaudited financial statements
for the year ended 30 June 2024
for
ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Pages for filing with the Registrar
Company registration number: 11393919
ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 300,000 300,000
300,000 300,000
Current assets
Debtors 244,223 41,211
Cash at bank and in hand 133,055 118,544
377,278 159,755
Creditors: amounts falling due within one
year
(65,412) (279,153)
Net current assets/(liabilities) 311,866 (119,398)
Total assets less current liabilities 611,866 180,602
Creditors: Amounts falling due after more
than one year
(388,292) (25,375)
NET ASSETS 223,574 155,227
Capital and reserves
Called up share capital 2 2
Profit and loss account 223,572 155,225
TOTAL EQUITY 223,574 155,227
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11393919
ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Balance sheet - continued
as at 30 June 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr I Tal, Director
28 March 2025
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ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
ITFG GLOBAL VISA CONSULTANCY (UK) LTD is a private company registered in England and Wales. Its registered number is 11393919. The company is limited by shares. Its registered office is Office 7, 35 -37 Ludgate Hill, London, EC4M 7JN.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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ITFG GLOBAL VISA CONSULTANCY (UK) LTD
Notes to the financial statements - continued
for the year ended 30 June 2024
3 Average number of employees
During the year the average number of employees was 9 (2023 - 8).
4 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 July 2023 300,000
At 30 June 2024 300,000
Net book value
At 30 June 2024 300,000
At 30 June 2023 300,000
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023.
2024 2023
£ £
Balance outstanding at start of year 22,539 (3,712)
Amounts advanced - 209,625
Amounts repaid - (183,374)
Balance outstanding at end of year 22,539 22,539
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