General Information
INTELLIGENT TRANSPORT SYSTEMS UNITED KINGDOM LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 02777485, registration address Salisbury House, 29 Finsbury Circus, London, EC2M 5SQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
3 Years Straight Line
|
| Fixtures and Fittings |
3 Years Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2024 : 4).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
- |
|
57,499 |
|
57,499 |
| Additions |
2,746 |
|
- |
|
2,746 |
| Disposals |
- |
|
(52,371) |
|
(52,371) |
| At 31 December 2025 |
2,746 |
|
5,128 |
|
7,874 |
| Depreciation |
| At 01 January 2025 |
- |
|
57,499 |
|
57,499 |
| Charge for year |
915 |
|
- |
|
915 |
| On disposals |
- |
|
(52,371) |
|
(52,371) |
| At 31 December 2025 |
915 |
|
5,128 |
|
6,043 |
| Net book values |
| Closing balance as at 31 December 2025 |
1,831 |
|
- |
|
1,831 |
| Opening balance as at 01 January 2025 |
- |
|
- |
|
- |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
84,418 |
|
64,932 |
| Prepayments & Accrued Income |
32,562 |
|
14,193 |
| Deposits paid |
9,987 |
|
1,980 |
| VAT |
0 |
|
1,830 |
|
126,967 |
|
82,935 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
19,984 |
|
1,962 |
| Corporation Tax |
9,772 |
|
11,861 |
| PAYE & Social Security |
12,508 |
|
9,903 |
| Other Creditors |
3,396 |
|
974 |
| VAT |
9,517 |
|
0 |
|
55,177 |
|
24,700 |
|
| 6. |
Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares. According to its Articles of Association, 'the liability of individual members is restricted to a maximum of £1 each'.
|
2
|