Year Ended
Registration number:
Tekka Digital UK Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Tekka Digital UK Limited
Balance Sheet
31 December 2022
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 09155917
Tekka Digital UK Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102, including section Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in pound sterling, rounded to the nearest whole pound.
Going concern
The director has decided to wind down the operations of the company during the year and no turnover has been received since the year end. As there is no turnover the director does not feel there is an impact on the company in relation to the coronavirus pandemic. The company has not been made dormant and continues to incur expenditure.
The director has reviewed the level of core overheads of the business, to determine if there is sufficient working capital to meet these requirements, for a period of at least twelve months from the date of approval of these financial statements. Following this review, based on the information available to date the director is satisfied that the company has sufficient cash balances to meet these requirements and, accordingly, the director continues to adopt the going concern basis of presentation.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tekka Digital UK Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
3 years straight line |
Leases
Rentals payable under operating leases are charged in the profit and loss on a straight line basis over the lease term.
Financial instruments
Classification
• Short term trade creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tekka Digital UK Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2022
Tangible assets |
Furniture, fittings and equipment |
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Cost or valuation |
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At 1 January 2022 |
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At 31 December 2022 |
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Depreciation |
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At 1 January 2022 |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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Creditors |
Creditors: amounts falling due within one year
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2022 |
2021 |
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Due within one year |
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Amounts due to group undertakings |
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Accrued expenses |
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Tekka Digital UK Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2022
Parent and ultimate parent undertaking |
The company's immediate parent is
Parent and ultimate parent undertaking
The ultimate parent company is Tekka SpA, incorporated in Italy. This company produces publicly available consolidated financial statements. These financial statements are available upon request from Lungo Dora Colletta 75, 10153 Turin, Italy.