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REGISTERED NUMBER: 06987873 (England and Wales)















ITCC International Limited

Unaudited Financial Statements

for the Year Ended 31st August 2024






ITCC International Limited (Registered number: 06987873)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


ITCC International Limited

Company Information
for the year ended 31st August 2024







DIRECTORS: D Marsden
Mrs E A Marsden
G D Marsden
P J Duckett





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: 06987873 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

ITCC International Limited (Registered number: 06987873)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 14 14
14 14

CURRENT ASSETS
Debtors 7 10,917 20,048
Cash at bank 11,000 10,040
21,917 30,088
CREDITORS
Amounts falling due within one year 8 22,846 23,270
NET CURRENT (LIABILITIES)/ASSETS (929 ) 6,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

(915

)

6,832

CREDITORS
Amounts falling due after more than one
year

9

29,972

32,524
NET LIABILITIES (30,887 ) (25,692 )

CAPITAL AND RESERVES
Called up share capital 11 20 20
Retained earnings (30,907 ) (25,712 )
SHAREHOLDERS' FUNDS (30,887 ) (25,692 )

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

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

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 Board of Directors and authorised for issue on 18th December 2024 and were signed on its behalf by:





G D Marsden - Director


ITCC International Limited (Registered number: 06987873)

Notes to the Financial Statements
for the year ended 31st August 2024

1. STATUTORY INFORMATION

ITCC International 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company is to provide a range of expert and cost effective registration certification services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 33% on cost
Computer equipment - 33% on 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.

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.

ITCC International Limited (Registered number: 06987873)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 20,000
AMORTISATION
At 1st September 2023
and 31st August 2024 20,000
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 1,439 8,788 10,227
DEPRECIATION
At 1st September 2023
and 31st August 2024 1,437 8,776 10,213
NET BOOK VALUE
At 31st August 2024 2 12 14
At 31st August 2023 2 12 14

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,350
Other debtors 10,917 17,698
10,917 20,048

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 5,200 5,137
Taxation and social security 1,935 4,674
Other creditors 15,711 13,459
22,846 23,270

ITCC International Limited (Registered number: 06987873)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 29,972 32,524

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,200 5,137

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,331 5,267

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,641 27,257

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
20 20

12. CONTINGENT LIABILITIES

There were no contingent liabilities at 31st August 2024 or at 31st August 2023.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2024 or 31st August 2023.