Itec Industrial Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13792800 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Itec Industrial Holdings Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J T Jenkins

Mr A Davies

REGISTERED OFFICE:

Unit 16

Lodge Forge Trading Estate

Cradley Road

Cradley Heath

West Midlands

B64 7RW

REGISTERED NUMBER:

13792800 (England and Wales)

FIXED ASSETS

Tangible assets

4

2

Investments

5

357,634

357,636

CURRENT ASSETS

Debtors

27,030

14,563

Cash at bank

853

3,325

27,883

17,888

CREDITORS

Amounts falling due within one year

9,327

5,526

NET CURRENT ASSETS

18,556

12,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

376,192

369,998

CREDITORS

Amounts falling due after more than one
year

6

263,401

262,498

NET ASSETS

112,791

107,500

CAPITAL AND RESERVES

Called up share capital

7

4

Retained earnings

112,787

107,496

SHAREHOLDERS' FUNDS

112,791

107,500

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:

Mr J T Jenkins - Director

Mr A Davies - Director

1.	STATUTORY INFORMATION

Itec Industrial Holdings 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

357,634

NET BOOK VALUE

At 31 March 2025

357,634

At 31 March 2024

357,634

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.3.25

31.3.24

£

Repayable otherwise than by instalments

Preference shares

157,377

163,377

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

value:

£

160

A Ordinary

1p

2

160

B Ordinary

1p

2

16

C Ordinary

1p

-

16

D Ordinary

1p

-

16

E Ordinary

1p

-

16

F Ordinary

1p

-

16

G Ordinary

1p

-

4

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Mr A Davies

Balance outstanding at start of year

1,150

13,499

Amounts advanced

75,161

70,101

Amounts repaid

(62,615

)

(82,450

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

13,696

1,150

Mr J T Jenkins

Balance outstanding at start of year

3,542

15,351

Amounts advanced

74,566

65,341

Amounts repaid

(65,615

)

(77,150

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

12,493

3,542