Company Registration No. NI068798 (Northern Ireland)
ITS Plant-Tech Ltd
Unaudited accounts
for the year ended 31 March 2025
ITS Plant-Tech Ltd
Unaudited accounts
Contents
ITS Plant-Tech Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr Colm Leonard
Mr Damien McManus
Secretary
Mr Damien McManus
Company Number
NI068798 (Northern Ireland)
Registered Office
23 TIRAVALLY ROAD
MACKAN GLEBE, MACKAN
ENNISKILLEN
CO. FERMANAGH
BT92 3AW
NORTHERN IRELAND
Accountants
EMC Accountancy
21 Railway Street
Belcoo
Fermanagh
BT93 5FJ
ITS Plant-Tech Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
246,933
291,117
Inventories
182,099
138,202
Cash at bank and in hand
349,001
241,712
Creditors: amounts falling due within one year
(267,117)
(197,606)
Net current assets
925,569
886,429
Total assets less current liabilities
1,172,502
1,177,546
Creditors: amounts falling due after more than one year
(57,051)
(69,950)
Provisions for liabilities
Deferred tax
(41,547)
(49,319)
Other provisions
(39,776)
(39,776)
Net assets
1,034,128
1,018,501
Called up share capital
200
200
Profit and loss account
1,033,928
1,018,301
Shareholders' funds
1,034,128
1,018,501
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
Mr Colm Leonard
Director
Company Registration No. NI068798
ITS Plant-Tech Ltd
Notes to the Accounts
for the year ended 31 March 2025
ITS Plant-Tech Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI068798. The registered office is 23 TIRAVALLY ROAD, MACKAN GLEBE, MACKAN, ENNISKILLEN, CO. FERMANAGH, BT92 3AW, NORTHERN IRELAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight line
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
ITS Plant-Tech Ltd
Notes to the Accounts
for the year ended 31 March 2025
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Goodwill
ITS Plant-Tech Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
40,999
854,535
55,879
56,496
1,007,909
Additions
-
19,230
-
-
19,230
Disposals
-
(4,375)
-
-
(4,375)
At 31 March 2025
40,999
869,390
55,879
56,496
1,022,764
At 1 April 2024
22,024
591,005
53,417
50,346
716,792
Charge for the year
1,640
55,677
492
1,230
59,039
At 31 March 2025
23,664
646,682
53,909
51,576
775,831
At 31 March 2025
17,335
222,708
1,970
4,920
246,933
At 31 March 2024
18,975
263,530
2,462
6,150
291,117
Amounts falling due within one year
Trade debtors
615,766
592,288
Accrued income and prepayments
16,400
19,944
Other debtors
19,151
8,145
Amounts falling due after more than one year
Other debtors
10,269
83,744
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
3,654
Obligations under finance leases and hire purchase contracts
28,421
25,282
Trade creditors
147,668
127,961
Taxes and social security
112,644
87,473
Loans from directors
(45,851)
(65,416)
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
57,051
69,950
9
Average number of employees
During the year the average number of employees was 28 (2024: 24).