2024-06-012025-05-312025-05-31false11466187ICTNET 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ICTNET LIMITED

Registered Number
11466187
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

ICTNET LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Director

OZDEMIR, Veysel

Registered Address

16 Clifton Park Avenue
London
SW20 8BD

Registered Number

11466187 (England and Wales)
ICTNET LIMITED
Balance Sheet as at
31 May 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3-268
-268
Current assets
Stocks-1,500
Debtors115,67280,755
Cash at bank and on hand70,4512,467
186,12384,722
Creditors amounts falling due within one year(125,779)(58,351)
Net current assets (liabilities)60,34426,371
Total assets less current liabilities60,34426,639
Creditors amounts falling due after one year(38,177)(38,177)
Net assets22,167(11,538)
Capital and reserves
Called up share capital11
Profit and loss account22,166(11,539)
Shareholders' funds22,167(11,538)
The financial statements were approved and authorised for issue by the Director on 24 July 2025, and are signed on its behalf by:
OZDEMIR, Veysel
Director
Registered Company No. 11466187
ICTNET LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252024
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 241,453
Additions(1,453)
Depreciation and impairment
At 01 June 241,186
Charge for year268
On disposals(1,454)
Net book value
At 31 May 25-
At 31 May 24268