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REGISTERED NUMBER: 12178060 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

IN TECHNOLOGY GROUP LIMITED

IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IN TECHNOLOGY GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: TJJ Parker
Mrs A F Leach
R Bond
W J Wareing



REGISTERED OFFICE: 3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT



REGISTERED NUMBER: 12178060 (England and Wales)



ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Stockport
SK8 5AT



SOLICITORS: Pannone Corporate LLP
378-380 Deansgate
Manchester
M3 4LY

IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

ABRIDGED BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,687 -
Tangible assets 5 94,614 131,120
Investments 6 855 855
97,156 131,975

CURRENT ASSETS
Debtors 955,934 1,182,304
Cash at bank and in hand 227,390 469,607
1,183,324 1,651,911
CREDITORS
Amounts falling due within one year (809,225 ) (1,113,603 )
NET CURRENT ASSETS 374,099 538,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,255

670,283

CREDITORS
Amounts falling due after more than one
year

-

(26,389

)

PROVISIONS FOR LIABILITIES 8 (24,075 ) (32,780 )
NET ASSETS 447,180 611,114

CAPITAL AND RESERVES
Called up share capital 150 113
Share premium 32,438 4,988
Retained earnings 414,592 606,013
SHAREHOLDERS' FUNDS 447,180 611,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

ABRIDGED BALANCE SHEET - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





TJJ Parker - Director


IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

In Technology Group 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.

Preparation of consolidated financial statements
The financial statements contain information about In Technology Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Office equipment - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.


IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 7,945
Additions 1,874
At 31 August 2024 9,819
AMORTISATION
At 1 September 2023 7,945
Amortisation for year 187
At 31 August 2024 8,132
NET BOOK VALUE

At 31 August 2024 1,687
At 31 August 2023 -

IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 273,038
Additions 3,342
At 31 August 2024 276,380
DEPRECIATION
At 1 September 2023 141,918
Charge for year 39,848
At 31 August 2024 181,766
NET BOOK VALUE
At 31 August 2024 94,614
At 31 August 2023 131,120

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 855
NET BOOK VALUE
At 31 August 2024 855
At 31 August 2023 855

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 133,779 133,779
Between one and five years 535,116 535,116
In more than five years 325,864 459,643
994,759 1,128,538

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,075 32,780

IN TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 12178060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 32,780
Provided during year (8,705 )
Balance at 31 August 2024 24,075

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.