Registered number
11545316
ITM GROUP AG LTD
Filleted Accounts
31 August 2024
ITM GROUP AG LTD
Registered number: 11545316
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 53,010 45,582
Cash at bank and in hand 208,840 170,429
261,850 216,011
Creditors: amounts falling due within one year 4 (206,203) (173,709)
Net current assets 55,647 42,302
Net assets 55,647 42,302
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,547 42,202
Shareholders' funds 55,647 42,302
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andriy Naumenko Mr Igor Krupov
Director Director
Approved by the board on 26 August 2025
ITM GROUP AG LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 25,146 1,249
Prepaid Expenses 27,864 44,333
53,010 45,582
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 145,719 128,825
Prepaid Income 54,003 41,534
Taxation and social security costs 6,481 3,350
206,203 173,709
5 Other information
ITM GROUP AG LTD is a private company limited by shares and incorporated in England. Its registered office is:
c/o Apollo International Ltd, GF
Devonshire House, 60 Goswell Road
London
United Kingdom
EC1M 7AD
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