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REGISTERED NUMBER: 10958704 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

ITech Fire & Security Limited

ITech Fire & Security Limited (Registered number: 10958704)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ITech Fire & Security Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: N E Riley
P Scott



REGISTERED OFFICE: 17 Cherry Brooks Way
Sunderland
SR2 0FH



REGISTERED NUMBER: 10958704 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Barclays Bank PLC
53 Fawcett Street
Sunderland

ITech Fire & Security Limited (Registered number: 10958704)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,104 1,377
1,104 1,377

CURRENT ASSETS
Debtors 6 32,840 34,334
Cash at bank 39,820 41,585
72,660 75,919
CREDITORS
Amounts falling due within one year 7 41,491 41,297
NET CURRENT ASSETS 31,169 34,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,273

35,999

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(16,667

)

PROVISIONS FOR LIABILITIES (231 ) (283 )
NET ASSETS 17,875 19,049

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,873 19,047
SHAREHOLDERS' FUNDS 17,875 19,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ITech Fire & Security Limited (Registered number: 10958704)

Statement of Financial Position - continued
30 September 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 19 June 2025 and were signed on its behalf by:




N E Riley - Director



P Scott - Director


ITech Fire & Security Limited (Registered number: 10958704)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

ITech Fire & Security 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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 2017, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently at their settlement value.

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 statement of financial position date.


ITech Fire & Security Limited (Registered number: 10958704)

Notes to the Financial Statements - continued
for the year ended 30 September 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 3,077
DEPRECIATION
At 1 October 2023 1,700
Charge for year 273
At 30 September 2024 1,973
NET BOOK VALUE
At 30 September 2024 1,104
At 30 September 2023 1,377

ITech Fire & Security Limited (Registered number: 10958704)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,672 34,180
Other debtors 168 154
32,840 34,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,500 2,500
Taxation and social security 24,166 29,653
Other creditors 14,825 9,144
41,491 41,297

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 16,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,167 6,667