IT.EU (UK) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07754505

IT.EU (UK) Ltd

Filleted Unaudited Financial Statements

31 August 2025

IT.EU (UK) Ltd

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

IT.EU (UK) Ltd

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	7		136,945	136,945

Current assets

Debtors	8	42,114	70,119
Investments	9	13,877	10,500
Cash at bank and in hand		1,977	3,157
		--------	--------
		57,968	83,776

Creditors: amounts falling due within one year	10	58,100		61,627
		--------		--------
Net current (liabilities)/assets			( 132)	22,149
			---------	---------
Total assets less current liabilities			136,813	159,094

Creditors: amounts falling due after more than one year	11	31,024	46,427
		---------	---------
Net assets		105,789	112,667
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	105,689	112,567
	---------	---------
Shareholders funds	105,789	112,667
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

IT.EU (UK) Ltd

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 8 January 2026 , and are signed on behalf of the board by:

Mr T M Roy
Director

Company registration number: 07754505

IT.EU (UK) Ltd

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2a The Links, Herne Bay, Kent, CT6 7FE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	3 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

For the fixed asset investments shown in other investments other than loans, as fair market value can be determined at the balance sheet date, these are measured at fair value with changes in fair value being recognised in the profit or loss.

5. Employee numbers

The average number of employees in the year was 1 (2024: 1).

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	22,819	22,819
	--------	--------
Depreciation
At 1 September 2024 and 31 August 2025	22,819	22,819
	--------	--------
Carrying amount
At 31 August 2025	–	–
	--------	--------
At 31 August 2024	–	–
	--------	--------

7. Investments

	Investment property
	£
Cost
At 1 September 2024 and 31 August 2025	136,945
	---------
Impairment
At 1 September 2024 and 31 August 2025	–
	---------

Carrying amount
At 31 August 2025	136,945
	---------
At 31 August 2024	136,945
	---------

8. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	35,768	62,019
Other debtors	6,346	8,100
	--------	--------
	42,114	70,119
	--------	--------

9. Investments

	2025	2024
	£	£
Other investments	13,877	10,500
	--------	--------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	16,484	26,632
Trade creditors	9,336	127
Corporation tax	632	2,362
Social security and other taxes	–	458
Other creditors	31,648	32,048
	--------	--------
	58,100	61,627
	--------	--------

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	31,024	46,427
	--------	--------

Barclays Bank PLC and Barlcays Security Trustee Limited held fixed and floating charges over the company's property as security for outstanding liabilities.

12. Related party transactions

At the year end the company owed the director £21,148 (2024: £22,148). At the year end the company was owed £35,768 by a company associated by common control (2024: £62,019). At the year end the company was owed £nil (2024: £8,000) from a family member of the director.