REGISTERED NUMBER: 06335737 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ITS (Surrey) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Lee

Mrs L A Lee

SECRETARY:

Mrs L A Lee

REGISTERED OFFICE:

First Floor Blenheim House

1 Blenheim Road

Epsom

Surrey

KT19 9AP

REGISTERED NUMBER:

06335737 (England and Wales)

ACCOUNTANTS:

Lawrence Chartered Accountants

Castle House

Park Road

Banstead

Surrey

SM7 3BT

FIXED ASSETS

Intangible assets

4

36,000

40,800

Tangible assets

5

1,426

3,260

37,426

44,060

CURRENT ASSETS

Stocks

10,500

8,000

Debtors

6

237,311

328,914

Cash at bank and in hand

12,323

8,230

260,134

345,144

CREDITORS

Amounts falling due within one year

7

298,662

373,235

NET CURRENT LIABILITIES

(38,528

)

(28,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,102

)

15,969

CREDITORS

Amounts falling due after more than one year

8

(1,769

)

(12,235

)

PROVISIONS FOR LIABILITIES

(271

)

(619

)

NET (LIABILITIES)/ASSETS

(3,142

)

3,115

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,242

)

3,015

(3,142

)

3,115

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.

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 12 December 2025 and were signed on its behalf by:

R Lee - Director

1.	STATUTORY INFORMATION

ITS (Surrey) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

120,000

AMORTISATION

At 1 April 2024

79,200

Charge for year

4,800

At 31 March 2025

84,000

NET BOOK VALUE

At 31 March 2025

36,000

At 31 March 2024

40,800

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

9,295

38,733

48,028

DEPRECIATION

At 1 April 2024

8,774

35,994

44,768

Charge for year

104

1,730

1,834

At 31 March 2025

8,878

37,724

46,602

NET BOOK VALUE

At 31 March 2025

417

1,009

1,426

At 31 March 2024

521

2,739

3,260

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

175,316

227,954

Other debtors

61,995

100,960

237,311

328,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,474

35,255

Trade creditors

5,034

9,321

Taxation and social security

34,606

44,679

Other creditors

248,548

283,980

298,662

373,235

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,769

12,235

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

R Lee

Balance outstanding at start of year

50,825

(1,831

)

Amounts advanced

-

132,656

Amounts repaid

(35,161

)

(80,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,664

50,825