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Company Registration No. 03262326 (England and Wales)
Technolog Systems Limited Filleted accounts for the period from 1 November 2020 to 31 March 2022
Technolog Systems Limited Filleted accounts Contents
Page
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Technolog Systems Limited Company Information for the period from 1 November 2020 to 31 March 2022
Directors
Z Y Ahmed R Ahmed
Company Number
03262326 (England and Wales)
Registered Office
68 The Broadway Oadby Leicester LE2 2HE
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Technolog Systems Limited Statement of financial position as at 31 March 2022
2022 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,765 
Current assets
Debtors
574 
462 
Cash at bank and in hand
16,673 
94,596 
17,247 
95,058 
Creditors: amounts falling due within one year
(23,901)
(30,296)
Net current (liabilities)/assets
(6,654)
64,762 
Total assets less current liabilities
(6,654)
66,527 
Creditors: amounts falling due after more than one year
- 
(50,000)
Net (liabilities)/assets
(6,654)
16,527 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,754)
16,427 
Shareholders' funds
(6,654)
16,527 
For the period ending 31 March 2022 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2022 and were signed on its behalf by
Z Y Ahmed Director Company Registration No. 03262326
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Technolog Systems Limited Notes to the Accounts for the period from 1 November 2020 to 31 March 2022
1
Statutory information
Technolog Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03262326. The registered office is 68 The Broadway, Oadby, Leicester, LE2 2HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Technolog Systems Limited Notes to the Accounts for the period from 1 November 2020 to 31 March 2022
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2020
23,744 
Disposals
(23,744)
At 31 March 2022
- 
Depreciation
At 1 November 2020
21,979 
On disposals
(21,979)
At 31 March 2022
- 
Net book value
At 31 March 2022
- 
At 31 October 2020
1,765 
5
Debtors: amounts falling due within one year
2022 
2020 
£ 
£ 
VAT
574 
462 
6
Creditors: amounts falling due within one year
2022 
2020 
£ 
£ 
Trade creditors
1,492 
- 
Taxes and social security
- 
525 
Other creditors
21,089 
28,898 
Accruals
1,320 
873 
23,901 
30,296 
7
Creditors: amounts falling due after more than one year
2022 
2020 
£ 
£ 
Bank loans
- 
50,000 
8
Share capital
2022 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the period the average number of employees was 2 (2020: 2).
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