REGISTERED NUMBER: 04230278 (England and Wales)

IN-TECH TELECOM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Lewington

M J Chant

C Grant

C O Thompson

SECRETARY:

R P Lewington

REGISTERED OFFICE:

Luccam House

Church Lane

Twyford

Winchester

Hampshire

SO21 1NT

REGISTERED NUMBER:

04230278 (England and Wales)

BANKERS:

National Westminster Bank plc

Southampton Customer Service Centre

Brunswick Gate

23 Brunswick Place

Southampton

Hampshire

SO15 2AQ

FIXED ASSETS

Tangible assets

4

24,909

37,405

Investments

5

250

250

25,159

37,655

CURRENT ASSETS

Stocks

7,133

7,133

Debtors

6

1,364,904

1,332,235

Cash at bank

101,470

87,630

1,473,507

1,426,998

CREDITORS

Amounts falling due within one year

7

(425,759

)

(441,438

)

NET CURRENT ASSETS

1,047,748

985,560

TOTAL ASSETS LESS CURRENT LIABILITIES

1,072,907

1,023,215

CREDITORS

Amounts falling due after more than one year

8

(5,280

)

(15,217

)

PROVISIONS FOR LIABILITIES

(5,258

)

(8,211

)

NET ASSETS

1,062,369

999,787

CAPITAL AND RESERVES

Called up share capital

30,076

30,076

Share premium

6,428

6,428

Retained earnings

1,025,865

963,283

SHAREHOLDERS' FUNDS

1,062,369

999,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

M J Chant - Director

1.	STATUTORY INFORMATION

In-Tech Telecom 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 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer or for services to the extent that there is a right to consideration, recorded at the value of the consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website development - 25% Straight line

Fixtures and fittings - 25% Reducing balance or 25% Straight line

Office equipment - 25% Reducing balance or 33% Reducing balance

Motor vehicles - 25% Straight line

The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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 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.

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.

Investments

Investments are valued at the lower of cost or net realisable value, after making allowance for any required impairment.

Financial instruments

Financial assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Website

and

Motor

Office

development

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,500

12,232

38,000

43,592

95,324

Additions

-

-

-

315

315

Disposals

-

(2,998

)

-

(15,810

)

(18,808

)

At 31 December 2024

1,500

9,234

38,000

28,097

76,831

DEPRECIATION

At 1 January 2024

1,500

10,687

5,542

40,190

57,919

Charge for year

-

1,181

9,500

2,130

12,811

Eliminated on disposal

-

(2,998

)

-

(15,810

)

(18,808

)

At 31 December 2024

1,500

8,870

15,042

26,510

51,922

NET BOOK VALUE

At 31 December 2024

-

364

22,958

1,587

24,909

At 31 December 2023

-

1,545

32,458

3,402

37,405

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

£

Investments

250

250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

62,860

80,980

Amounts owed by group undertakings

876,587

876,587

Other debtors

425,457

374,668

1,364,904

1,332,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

129,101

133,407

Taxation and social security

131,204

144,369

Other creditors

155,454

153,662

425,759

441,438

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,280

15,217

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

63,109

65,057

Between one and five years

73,102

140,910

136,211

205,967

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £18,207 (2023: £18,657) were made to the company’s directors. £2,704 (2023: £6,052) was repaid during the year. The balance outstanding at the year-end was £74,728 (2023: £59,225).

No interest was charged on the loans to directors during the year and the loans are repayable upon demand.

11.	RELATED PARTY DISCLOSURES

Mrs S Lewington

Wife of Mr R Lewington, a director of the company.

At the balance sheet date, the company was owed £101,855 (2023: £87,511) by Mrs S Lewington.

No interest has been charged on this balance and the loan is repayable upon demand.

12.	ULTIMATE PARENT COMPANY

In-Tech Telecom Holdings Limited is the company's immediate and ultimate parent company. The parent company's registered office is Luccam House, Church Lane, Twyford, Winchester, Hampshire, SO21 1NT.