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REGISTERED NUMBER:
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I.TECH SUPPORT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
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REGISTERED NUMBER:
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I.TECH SUPPORT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017 |
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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Company Information | 1 |
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Accountants' Report | 2 |
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Abridged Statement of Financial Position | 3 | to | 4 |
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Notes to the Financial Statements | 5 | to | 7 |
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I.TECH SUPPORT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
I.TECH SUPPORT LIMITED |
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The following reproduces the text of the report prepared for the director and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the |
company is only required to file a Statement of Financial Position. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Director are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of I.Tech Support Limited for the year ended 31st March 2017 which |
comprise the Income Statement, Abridged Statement of Financial Position, and the related notes from the |
company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of I.Tech Support Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of I.Tech Support Limited and state those matters that we have agreed to state to the director of I.Tech Support Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I.Tech Support Limited director for our work or for this report. |
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It is your duty to ensure that I.Tech Support Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I.Tech Support Limited. You consider that I.Tech Support Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of I.Tech Support Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Richmond House |
Walkern Road |
Stevenage |
Hertfordshire |
SG1 3QP |
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST MARCH 2017 |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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1. | STATUTORY INFORMATION |
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I.Tech Support Limited is a
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company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
No significant judgements or estimates have had to be made by the directors in preparing these |
financial statements. |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, trade discounts,Work In |
Progress and all other taxes of sales made during the year. |
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Income Recognition |
Revenue is recognised when goods have been delivered to customers such that risks and rewards of |
ownership have transferred to them. |
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Property, plant and equipment |
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Plant and machinery etc | - |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in |
non-convertible preference and non-puttable ordinary shares which are measured at fair value, with |
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and |
thereafter at fair value with changes recognised in profit or loss. |
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income |
or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not |
reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
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Cost |
At 1st April 2016 |
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Additions |
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At 31st March 2017 |
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Depreciation |
At 1st April 2016 |
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Charge for year |
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At 31st March 2017 |
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Net book value |
At 31st March 2017 |
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At 31st March 2016 |
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I.TECH SUPPORT LIMITED (REGISTERED NUMBER: 05075875) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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7. | TRANSITION TO FINANCIAL REPORTING STANDARD 102 |
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This is the first year that the company has presented its results in accordance with the provisions of |
Section 1A “Small Entities” of Financial Reporting Standard 102. The last financial statements under |
the provisions of UK GAAP were for the year ended 31 March 2016. The date of the transition to |
Section 1A “Small Entities” of Financial Reporting Standard 102 was 1 April 2016. There has been no |
effect on the financial statements arising from the transition from UK GAAP as previously reported |
and Section 1A “Small Entities” of Financial Reporting Standard 102. |