IT Assets International Ltd

IT Assets International Ltd
Contents Page
For the year ended 31 May 2025

Company information	1
Accountants' report	2
Statement of financial position	3
Notes to the financial statements	4

IT Assets International Ltd
Company Information
For the year ended 31 May 2025

Director	Mustafa Egai
Registered Number	14900132
Registered Office	339 Two Mile Hill Road Kingswood Bristol Bristol BS15 1AN
Accountants	Ingle & Company limited 339 Two Mile Hill Road Kingswood BS15 1AN
Secretary	Katherine Williams

1

IT Assets International Ltd Accountants' Report For the year ended 31 May 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Ingle & Company limited 31 May 2025 .................................................... Ingle & Company limited 339 Two Mile Hill Road Kingswood BS15 1AN 26 August 2025 2

IT Assets International Ltd
Accountants' Report
For the year ended 31 May 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Ingle & Company limited
31 May 2025

....................................................

Ingle & Company limited
339 Two Mile Hill Road
Kingswood
BS15 1AN
26 August 2025

2

IT Assets International Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Current assets
Stocks	3	22,570	65,250
Debtors	4	16,387	12,769
Cash at bank and in hand		43,701	17,075
		82,658	95,094
Creditors: amount falling due within one year	5	(65,903)	(94,188)
Net current assets		16,755	906

Total assets less current liabilities		16,755	906
Provisions for liabilities	6	(101)	0
Net assets		16,654	906

Capital and reserves
Called up share capital		100	100
Profit and loss account		16,554	806
Shareholders' funds		16,654	906

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 26 August 2025 and were signed by:

-------------------------------
Mustafa Egai
Director

3

IT Assets International Ltd
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

IT Assets International Ltd is a private company, limited by shares, registered in , registration number 14900132, registration address 339 Two Mile Hill Road, Kingswood, Bristol, Bristol, BS15 1AN.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Stocks

	2025 £		2024 £
Stocks	22,570		65,250
	22,570		65,250

4.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	11,549	20
Prepayments & Accrued Income	150	142
Other Debtors	2,250	2,250
PAYE & Social Security	2,438	0
VAT	0	10,357
	16,387	12,769

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	2,604	0
Corporation Tax	13,195	6,522
PAYE & Social Security	0	181
Accrued Expenses	1,000	2,477
Other Creditors	15,500	45,000
Directors' Current Accounts	33,307	40,008
VAT	297	0
	65,903	94,188

6.

Provisions for liabilities

	2025 £		2024 £
Pension Provisions	101		0
	101		0

4

Registered Number: 14900132

IT ASSETS INTERNATIONAL LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2024 End date: 31 May 2025