ITC (Telecoms Simplified) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05790317 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ITC (Telecoms Simplified) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Hussain

REGISTERED OFFICE:

3 Campus Road

Listerhills Science Park

Bradford

West Yorkshire

BD7 1HR

REGISTERED NUMBER:

05790317 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Tangible assets

4

24,378

23,662

CURRENT ASSETS

Stocks

31,500

32,500

Debtors

5

146,896

96,487

Cash at bank

60,767

116,797

239,163

245,784

CREDITORS

Amounts falling due within one year

6

148,366

160,053

NET CURRENT ASSETS

90,797

85,731

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,175

109,393

CREDITORS

Amounts falling due after more than one
year

7

(6,667

)

(46,667

)

PROVISIONS FOR LIABILITIES

(5,931

)

(5,716

)

NET ASSETS

102,577

57,010

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

102,377

56,810

SHAREHOLDERS' FUNDS

102,577

57,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 director and authorised for issue on 30 June 2025 and were signed by:

N Hussain - Director

1.	STATUTORY INFORMATION

ITC (Telecoms Simplified) 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.

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.

Tenants improvements

-

over the life of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and equipment

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Tenants

Plant and

and

Computer

improvements

machinery

equipment

Totals

£

COST

At 1 April 2024

5,794

100,084

44,222

5,685

155,785

Additions

-

6,571

At 31 March 2025

5,794

100,084

44,222

12,256

162,356

DEPRECIATION

At 1 April 2024

5,794

87,400

33,244

5,685

132,123

Charge for year

-

3,171

1,647

1,037

5,855

At 31 March 2025

5,794

90,571

34,891

6,722

137,978

NET BOOK VALUE

At 31 March 2025

-

9,513

9,331

5,534

24,378

At 31 March 2024

-

12,684

10,978

-

23,662

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

10,339

5,416

Rent deposit

-

2,500

Other debtors

134,735

85,377

Prepayments

1,822

3,194

146,896

96,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

40,000

Trade creditors

49,647

42,372

Tax

28,589

33,639

Social security and other taxes

207

608

Pension control account

-

177

VAT

19,001

16,422

Directors' loan accounts

-

16,817

Accrued expenses

10,922

10,018

148,366

160,053

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

6,667

40,000

Bank loans - 2-5 years

-

6,667

46,667

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

N Hussain

Balance outstanding at start of year

(16,817

)

(1,499

)

Amounts advanced

114,542

26,827

Amounts repaid

(97,725

)

(42,145

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(16,817

)

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N Hussain by virtue of his directorship and 100% shareholding.