TECHNOLOGY SOLUTIONS2 LIMITED

Company Registration Number:
10905889 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

TECHNOLOGY SOLUTIONS2 LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

TECHNOLOGY SOLUTIONS2 LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 8,956 4,733
Investments: 4 52,027 36,958
Total fixed assets: 60,983 41,691
Current assets
Debtors:   514,865 348,012
Cash at bank and in hand: 373,771 557,467
Total current assets: 888,636 905,479
Creditors: amounts falling due within one year:   (146,047) (597,118)
Net current assets (liabilities): 742,589 308,361
Total assets less current liabilities: 803,572 350,052
Creditors: amounts falling due after more than one year:   (49,113) (50,000)
Total net assets (liabilities): 754,459 300,052
Capital and reserves
Called up share capital: 415,000 10,000
Profit and loss account: 339,459 290,052
Shareholders funds: 754,459 300,052

The notes form part of these financial statements

TECHNOLOGY SOLUTIONS2 LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 07 September 2022
and signed on behalf of the board by:

Name: Gurpal Singh Ghotra
Status: Director

The notes form part of these financial statements

TECHNOLOGY SOLUTIONS2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents invoices raised for services net of VAT.

Tangible fixed assets and depreciation policy

Depreciation of Computer equipment is over the expected economic life of the assets

TECHNOLOGY SOLUTIONS2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 3 15

TECHNOLOGY SOLUTIONS2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 13,496
Additions 7,558
At 31 December 2021 21,054
Depreciation
At 01 January 2021 8,763
Charge for year 3,335
At 31 December 2021 12,098
Net book value
At 31 December 2021 8,956
At 31 December 2020 4,733

TECHNOLOGY SOLUTIONS2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Fixed investments

The company has a wholly owned subsidiary Technology Solutions2 PVT Limited resident in India which provides Technical Engineering services to the company.

TECHNOLOGY SOLUTIONS2 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Related party transactions

Name of the related party: Technology Solutions 2 PVT Limited
Relationship:
Subsidiary
Description of the Transaction: At the yearend £31,831 (2020 : £36,957) was owed by the company to its overseas subsidiary for technical services received.
£
Balance at 01 January 2021 36,957
Balance at 31 December 2021 31,831