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REGISTERED NUMBER: 13670667 (England and Wales)


















nTuitech Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






nTuitech Ltd (Registered number: 13670667)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


nTuitech Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr R B Purchase
Mrs L M Purchase





REGISTERED OFFICE: Delta 606 Welton Road
Delta Office Park
Swindon
SN5 7XF





REGISTERED NUMBER: 13670667 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

nTuitech Ltd (Registered number: 13670667)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,650 3,226

CURRENT ASSETS
Debtors 5 34,540 12,070
Cash at bank 54,991 40,772
89,531 52,842
CREDITORS
Amounts falling due within one year 6 (29,792 ) (27,186 )
NET CURRENT ASSETS 59,739 25,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,389

28,882

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 64,289 28,782
SHAREHOLDERS' FUNDS 64,389 28,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

nTuitech Ltd (Registered number: 13670667)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




Mr R B Purchase - Director



Mrs L M Purchase - Director


nTuitech Ltd (Registered number: 13670667)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

nTuitech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

nTuitech Ltd (Registered number: 13670667)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 269 4,903 5,172
Additions 645 3,920 4,565
At 31 October 2024 914 8,823 9,737
DEPRECIATION
At 1 November 2023 67 1,879 1,946
Charge for year 229 2,912 3,141
At 31 October 2024 296 4,791 5,087
NET BOOK VALUE
At 31 October 2024 618 4,032 4,650
At 31 October 2023 202 3,024 3,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,758 11,970
Other debtors 21,782 100
34,540 12,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 167 145
Taxation and social security 29,591 27,028
Other creditors 34 13
29,792 27,186

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

nTuitech Ltd (Registered number: 13670667)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr R B Purchase
Balance outstanding at start of year - -
Amounts advanced 21,682 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,682 -