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REGISTERED NUMBER: 11198270 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Techy Smart Holdings Ltd

Techy Smart Holdings Ltd (Registered number: 11198270)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techy Smart Holdings Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr Jagadeesh Madichetty
Mrs Thriveni Potti





REGISTERED OFFICE: 15 Marlborough Road
Sutton
Surrey
SM1 2PF





REGISTERED NUMBER: 11198270 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Techy Smart Holdings Ltd (Registered number: 11198270)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 156,000 156,000

CURRENT ASSETS
Debtors 5 - 19,500
Cash at bank and in hand 1,068 22
1,068 19,522
CREDITORS
Amounts falling due within one year 6 139,411 146,749
NET CURRENT LIABILITIES (138,343 ) (127,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,657

28,773

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,656 28,772
17,657 28,773

Techy Smart Holdings Ltd (Registered number: 11198270)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




Mr Jagadeesh Madichetty - Director



Mrs Thriveni Potti - Director


Techy Smart Holdings Ltd (Registered number: 11198270)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Techy Smart Holdings Ltd 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.

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.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 156,000
NET BOOK VALUE
At 28 February 2023 156,000
At 28 February 2022 156,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 19,500

Techy Smart Holdings Ltd (Registered number: 11198270)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 6,570
Amounts owed to associates 2,750 1,260
Taxation and social security - 1,767
Other creditors 136,661 137,152
139,411 146,749

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr Jagadeesh Madichetty and Mrs Thriveni Potti
Balance outstanding at start of year (136,432 ) (136,432 )
Amounts repaid (229 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (136,661 ) (136,432 )

The above loan was interest free to company and repayable on demand.

ULTIMATE CONTROLLING PARTY

As on the balance sheet date, Mr M Jagadeesh owns more than 51% shares in the company. Therefore, he is the ultimate controlling party.