Itachem UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09329014

Itachem UK Limited

Filleted Unaudited Financial Statements

31 December 2025

Itachem UK Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		26,389	351,170

Current assets

Debtors	6	153,276	68,584
Cash at bank and in hand		8,489	10,962
		---------	--------
		161,765	79,546

Creditors: amounts falling due within one year	7	124,808		386,226
		---------		---------
Net current assets/(liabilities)			36,957	( 306,680)
			--------	---------
Total assets less current liabilities			63,346	44,490

Creditors: amounts falling due after more than one year	8	–	2,903
		--------	--------
Net assets		63,346	41,587
		--------	--------

Capital and reserves

Called up share capital	9	20,000	20,000
Profit and loss account		43,346	21,587
		--------	--------
Shareholders funds		63,346	41,587
		--------	--------

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 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Itachem UK Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 4 November 2026 , and are signed on behalf of the board by:

A Iannacci

Director

Company registration number: 09329014

Itachem UK Limited

Notes to the Financial Statements

Year ended 31 December 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 5, Parker Avenue, Felixstowe, IP11 4HF.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred 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. 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	351,170
	---------
Impairment
At 1 January 2025	–
Impairment losses	324,781
	---------
At 31 December 2025	324,781
	---------

Carrying amount
At 31 December 2025	26,389
	---------
At 31 December 2024	351,170
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	111,530	24,907
Prepayments and accrued income	–	21,986
Directors loan account	41,746	21,198
Other debtors	–	493
	---------	--------
	153,276	68,584
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,903	7,000
Trade creditors	73,215	41,150
Accruals and deferred income	22,238	1,545
Corporation tax	7,747	10,377
Social security and other taxes	11,661	3,990
Director loan accounts	7,044	7,044
Other creditors	–	315,120
	---------	---------
	124,808	386,226
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	2,903
	----	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	12,800	12,800	12,800	12,800
Ordinary Class B shares of £ 1 each	7,200	7,200	7,200	7,200
	--------	--------	--------	--------
	20,000	20,000	20,000	20,000
	--------	--------	--------	--------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
F Velo	21,198	20,548	41,746
	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
F Velo	–	21,198	21,198
	----	--------	--------

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Cromchimica Industriale SRL	–	18,786	–	–
DCS Freight UK Ltd	6,452	1,377	(1,314)	(688)
F Velo	10,987	56,422	41,746	21,198
A Innancci	16,059	5,820	–	–
GPH S.PA.	53,651	73,713	–	–
G Vergano	–	–	(7,044)	(7,044)
	--------	--------	--------	--------

The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.