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REGISTERED NUMBER: 10977345 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

STATISMA TELECOM LIMITED

STATISMA TELECOM LIMITED (REGISTERED NUMBER: 10977345)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STATISMA TELECOM LIMITED

Company Information
for the year ended 28 February 2023







Directors: Mr P J Wand
Mr T Sillence





Secretary: Mr P J Wand





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 10977345 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

STATISMA TELECOM LIMITED (REGISTERED NUMBER: 10977345)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 361 25,860
Cash at bank 2,695 5,569
3,056 31,429
Creditors
Amounts falling due within one year 5 1,103 20,584
Net current assets 1,953 10,845
Total assets less current liabilities 1,953 10,845

Capital and reserves
Called up share capital 6 100 100
Retained earnings 1,853 10,745
Shareholders' funds 1,953 10,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





Mr P J Wand - Director


STATISMA TELECOM LIMITED (REGISTERED NUMBER: 10977345)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

Statisma Telecom 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There were no estimates or judgements required to be made in the preparation of these accounts.

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

STATISMA TELECOM LIMITED (REGISTERED NUMBER: 10977345)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 25,760
Other debtors 361 100
361 25,860

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 103 8
Taxation and social security - 6,109
Other creditors 1,000 14,467
1,103 20,584

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares 1 100 100

7. Ultimate controlling party

The ultimate controlling party is Statisma Group Holdings Limited.