IT Assets International Ltd

IT Assets International Ltd Accountants' Report For the year ended 31 May 2026
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Ingle & Company limited 31 May 2026 .................................................... Ingle & Company limited 339 Two Mile Hill Road Kingswood BS15 1AN 09 September 2026 2

IT Assets International Ltd
Accountants' Report
For the year ended 31 May 2026

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Ingle & Company limited
31 May 2026

....................................................

Ingle & Company limited
339 Two Mile Hill Road
Kingswood
BS15 1AN
09 September 2026

IT Assets International Ltd
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	3,750	0
		3,750	0
Current assets
Stocks	4	8,050	22,570
Debtors	5	21,713	16,389
Cash at bank and in hand		74,160	43,701
		103,923	82,660
Creditors: amount falling due within one year	6	(66,034)	(65,905)
Net current assets		37,889	16,755

Total assets less current liabilities		41,639	16,755
Provisions for liabilities	7	(100)	(101)
Net assets		41,539	16,654

Capital and reserves
Called up share capital		100	100
Profit and loss account		41,439	16,554
Shareholders' funds		41,539	16,654

For the year ended 31 May 2026 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director on 09 September 2026 and were signed by:

-------------------------------
Mustafa Egai
Director

IT Assets International Ltd
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

IT Assets International Ltd is a private company, limited by shares, registered in , registration number 14900132, registration address 339 Two Mile Hill Road, Kingswood, Bristol, Bristol, BS15 1AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and 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:

Motor Vehicles

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2025 : 2).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Total
	£	£
At 01 June 2025	-	-
Additions	5,000	5,000
Disposals	-	-
At 31 May 2026	5,000	5,000
Depreciation
At 01 June 2025	-	-
Charge for year	1,250	1,250
On disposals	-	-
At 31 May 2026	1,250	1,250
Net book values
Closing balance as at 31 May 2026	3,750	3,750
Opening balance as at 01 June 2025	-	-

Stocks

	2026 £		2025 £
Stocks	8,050		22,570
	8,050		22,570

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	0	11,551
Prepayments & Accrued Income	3,903	150
Deposits paid	(5,000)	0
Other Debtors	18,250	2,250
PAYE & Social Security	0	2,438
VAT	4,560	0
	21,713	16,389

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	33,048	2,604
Corporation Tax	15,858	13,195
PAYE & Social Security	516	0
Accrued Expenses	980	1,000
Other Creditors	15,501	15,502
Directors' Current Accounts	131	33,307
VAT	0	297
	66,034	65,905

Provisions for liabilities

	2026 £		2025 £
Pension Provisions	100		101
	100		101

Registered Number: 14900132

IT ASSETS INTERNATIONAL LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2025 End date: 31 May 2026