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REGISTERED NUMBER: 06176751 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2022

FOR

TEN24 COMMUNICATIONS LIMITED

TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEN24 COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2022







DIRECTOR: Mr K S Panesar





REGISTERED OFFICE: Fifth Floor
11 Leadenhall Street
London
EC3V 1LP





REGISTERED NUMBER: 06176751 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Business Advisers and Accountants
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP

TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,848 4,809
Investments 5 10,000 12,518
13,848 17,327

CURRENT ASSETS
Debtors 6 640,131 432,192
Cash at bank and in hand 212,309 193,057
852,440 625,249
CREDITORS
Amounts falling due within one year 7 203,821 79,958
NET CURRENT ASSETS 648,619 545,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,467

562,618

CREDITORS
Amounts falling due after more than one year 8 - 50,000
NET ASSETS 662,467 512,618

CAPITAL AND RESERVES
Called up share capital 9 100 100
Special reserve - 2,518
Retained earnings 662,367 510,000
SHAREHOLDERS' FUNDS 662,467 512,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

STATEMENT OF FINANCIAL POSITION - continued
30 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





Mr K S Panesar - Director


TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2022


1. STATUTORY INFORMATION

Ten24 Communications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the directors are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment- 20% on reducing balance

FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022


2. 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 31 March 2021
and 30 March 2022 10,028 7,371 29,069 46,468
Depreciation
At 31 March 2021 9,586 6,385 25,688 41,659
Charge for year 88 197 676 961
At 30 March 2022 9,674 6,582 26,364 42,620
Net book value
At 30 March 2022 354 789 2,705 3,848
At 30 March 2021 442 986 3,381 4,809

TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022


5. FIXED ASSET INVESTMENTS

2022 2021
£    £   
Other investments not loans 10,000 12,518

Additional information is as follows:
Unlisted
investments
£   
Cost
At 31 March 2021
and 30 March 2022 10,000
Net book value
At 30 March 2022 10,000
At 30 March 2021 10,000

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Ten24 Communications LLP - 2,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 121,110 33,258
Other debtors 519,021 398,934
640,131 432,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 2,680
Taxation and social security 200,621 70,198
Other creditors 3,200 7,080
203,821 79,958

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 50,000

TEN24 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06176751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2022


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. CONTROLLING PARTY

The controlling party is Mr K S Panesar.