ITASC LTD


Director	Allan Dean Skivington


Registered Address	6 Canberra Crescent
	Kirkcaldy
	KY2 6GE


Registered Number	SC476194 (Scotland)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		312		1,014
			312		1,014
Current assets
Debtors	4	2,833		3,000
Cash at bank and on hand		5,862		6,654
		8,695		9,654
Creditors amounts falling due within one year	5	(8,166)		(7,595)
Net current assets (liabilities)			529		2,059
Total assets less current liabilities			841		3,073
Provisions for liabilities			(59)		(193)
Net assets			782		2,880
Capital and reserves
Called up share capital			100		100
Profit and loss account			682		2,780
Shareholders' funds			782		2,880

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 December 2025, and are signed on its behalf by:

Allan Dean Skivington
Director
Registered Company No. SC476194

ITASC LTD

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Stocks and work in progress
	Stock and work in progress are valued at the lower of cost and net realisable value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 May 24	16,922	16,922
At 30 April 25	16,922	16,922
Depreciation and impairment
At 01 May 24	15,908	15,908
Charge for year	702	702
At 30 April 25	16,610	16,610
Net book value
At 30 April 25	312	312
At 30 April 24	1,014	1,014

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,833	3,000
Total	2,833	3,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	450	450
Taxation and social security	302	266
Other creditors	6,514	6,015
Accrued liabilities and deferred income	900	864
Total	8,166	7,595