REGISTERED NUMBER: 11762305 (England and Wales)

ITECH ELECTRICAL CONTRACTORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B W Clark

REGISTERED OFFICE:

24 The Hedgerow

Weavering

Maidstone

Kent

ME14 5TG

REGISTERED NUMBER:

11762305 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

19,288

21,609

CURRENT ASSETS

Debtors

5

502,328

633,460

Cash at bank

21,329

152,506

523,657

785,966

CREDITORS

Amounts falling due within one year

6

24,736

163,961

NET CURRENT ASSETS

498,921

622,005

TOTAL ASSETS LESS CURRENT LIABILITIES

518,209

643,614

CREDITORS

Amounts falling due after more than one year

7

26,144

31,438

NET ASSETS

492,065

612,176

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

491,965

612,076

492,065

612,176

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 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 22 September 2025 and were signed by:

Mr B W Clark - Director

1.	STATUTORY INFORMATION

Itech Electrical Contractors 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.

Fixture & Fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixture &

Motor

Computer

Fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

-

28,533

4,068

32,601

Additions

3,300

-

1,749

5,049

At 31 December 2024

3,300

28,533

5,817

37,650

DEPRECIATION

At 1 January 2024

-

8,415

2,577

10,992

Charge for year

825

5,029

1,516

7,370

At 31 December 2024

825

13,444

4,093

18,362

NET BOOK VALUE

At 31 December 2024

2,475

15,089

1,724

19,288

At 31 December 2023

-

20,118

1,491

21,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

98,471

179,603

Amounts owed by associates

403,857

453,857

502,328

633,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans under 1 year

6,210

6,210

Trade creditors

8,252

14,218

Corporation Tax

(29,565

)

91,126

Social security and other taxes

7,013

9,064

VAT

30,985

33,666

Directors' current accounts

191

245

Accrued expenses

1,650

9,432

24,736

163,961

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans over 1 year

26,144

31,438