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REGISTERED NUMBER: 03617401 (England and Wales)















ITENERGY LIMITED

Unaudited Financial Statements

for the Period 1 September 2023 to 28 February 2025






ITENERGY LIMITED (REGISTERED NUMBER: 03617401)






Contents of the Financial Statements
for the period 1 September 2023 to 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ITENERGY LIMITED

Company Information
for the period 1 September 2023 to 28 February 2025







DIRECTOR: S J Axcell





SECRETARY: S J Axcell





REGISTERED OFFICE: 4 Lyndhurst Drive
Bicknacre
Chelmsford
Essex
CM3 4XL





REGISTERED NUMBER: 03617401 (England and Wales)





ACCOUNTANTS: Xeinadin
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Balance Sheet
28 February 2025

2025 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 18,675

CURRENT ASSETS
Stocks - 8,428
Debtors 5 9,685 75,763
Cash at bank and in hand 184,475 151,936
194,160 236,127
CREDITORS
Amounts falling due within one year 6 26,435 113,555
NET CURRENT ASSETS 167,725 122,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,725

141,247

CREDITORS
Amounts falling due after more than one year 7 - 32,871
NET ASSETS 167,725 108,376

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,625 108,276
SHAREHOLDERS' FUNDS 167,725 108,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Balance Sheet - continued
28 February 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





S J Axcell - Director


ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Notes to the Financial Statements
for the period 1 September 2023 to 28 February 2025

1. STATUTORY INFORMATION

ITEnergy Limited 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 reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Notes to the Financial Statements - continued
for the period 1 September 2023 to 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 11,065 24,900 35,965
Disposals - (24,900 ) (24,900 )
At 28 February 2025 11,065 - 11,065
DEPRECIATION
At 1 September 2023 11,065 6,225 17,290
Eliminated on disposal - (6,225 ) (6,225 )
At 28 February 2025 11,065 - 11,065
NET BOOK VALUE
At 28 February 2025 - - -
At 31 August 2023 - 18,675 18,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors - 75,763
Other debtors 9,685 -
9,685 75,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts - 5,556
Trade creditors - 43,862
Tax 25,504 27,663
VAT - 15,786
Other creditors (1,569 ) 19,538
Accrued expenses 2,500 1,150
26,435 113,555

ITENERGY LIMITED (REGISTERED NUMBER: 03617401)

Notes to the Financial Statements - continued
for the period 1 September 2023 to 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2023
£    £   
Bank loans - 1-2 years - 5,556
Bank loans - 2-5 years - 16,667
Bank loans more 5 yr by instal - 10,648
- 32,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 10,648