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REGISTERED NUMBER: 07819819 (England and Wales)















Complete ITC Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Complete ITC Limited (Registered number: 07819819)






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


Complete ITC Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: RJ Culley





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 07819819 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Complete ITC Limited (Registered number: 07819819)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 8,997 11,997

CURRENT ASSETS
Debtors 5 56,843 65,207
Cash at bank 2,862 13,810
59,705 79,017
CREDITORS
Amounts falling due within one year 6 51,349 68,081
NET CURRENT ASSETS 8,356 10,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,353

22,933

CREDITORS
Amounts falling due after more than one
year

7

(14,203

)

(17,050

)

PROVISIONS FOR LIABILITIES 8 (2,249 ) (2,999 )
NET ASSETS 901 2,884

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 801 2,784
SHAREHOLDERS' FUNDS 901 2,884

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 director acknowledges his 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.

Complete ITC Limited (Registered number: 07819819)

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 director and authorised for issue on 23 July 2025 and were signed by:





RJ Culley - Director


Complete ITC Limited (Registered number: 07819819)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Complete ITC 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 amounts in the financial statements have been rounded to the nearest £1.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Complete ITC Limited (Registered number: 07819819)

Notes to the Financial Statements - continued
for the year ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 November 2023
and 31 October 2024 5,544 4,027 43,123 52,694
DEPRECIATION
At 1 November 2023 1,386 1,945 37,366 40,697
Charge for year 1,040 521 1,439 3,000
At 31 October 2024 2,426 2,466 38,805 43,697
NET BOOK VALUE
At 31 October 2024 3,118 1,561 4,318 8,997
At 31 October 2023 4,158 2,082 5,757 11,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 12,055 17,201
Other debtors 44,788 48,006
56,843 65,207

Other debtors include a loan made to the director of £35,962 (2023 £39,180) this is repayable on demand and interest is charged at 2.25% p.a.

Complete ITC Limited (Registered number: 07819819)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 6,200 22,218
Taxation and social security 44,104 44,818
Other creditors 1,045 1,045
51,349 68,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 14,203 17,050

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 2,249 2,999

Deferred tax
£
Balance at 1 November 2023 2,999
Credit to Statement of Income and Retained Earnings during year (750 )
Balance at 31 October 2024 2,249

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
55 Ordinary A £1 55 55
45 Ordinary B £1 45 45
100 100

10. DIRECTOR'S 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
£ £
RJ Culley
Balance outstanding at start of year 39,180 43,694
Amounts repaid (3,218 ) (4,514 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,962 39,180

Complete ITC Limited (Registered number: 07819819)

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

11. RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by Mr RJ Culley by virtue of his shareholding.