Company registration number:
05024009
Teletech Solutions (UK) Ltd
Unaudited filleted financial statements
31 March 2023
Teletech Solutions (UK) Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Teletech Solutions (UK) Ltd
Directors and other information
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Director |
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Director |
Mrs Jenifer Elizabeth Laffoley - Lane |
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Company number |
05024009 |
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Registered office |
2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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Business address |
4th Floor (Room 417) |
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85 Tottenham Court Road |
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London |
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W1T 4TQ |
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Accountants |
VSP Limited |
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2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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Teletech Solutions (UK) Ltd
Statement of financial position
31 March 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
3 |
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3 |
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_______ |
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_______ |
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3 |
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3 |
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Current assets |
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Debtors |
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6 |
138,347 |
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546,688 |
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Cash at bank and in hand |
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460,919 |
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84,584 |
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_______ |
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_______ |
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599,266 |
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631,272 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
402,365) |
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(
411,065) |
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_______ |
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_______ |
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Net current assets |
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196,901 |
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220,207 |
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_______ |
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_______ |
Total assets less current liabilities |
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196,904 |
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220,210 |
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_______ |
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Net assets |
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196,904 |
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220,210 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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98,100 |
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98,100 |
Profit and loss account |
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98,804 |
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122,110 |
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_______ |
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Shareholder funds |
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196,904 |
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220,210 |
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_______ |
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_______ |
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2023
, and are signed on behalf of the board by:
Mrs Jenifer Elizabeth Laffoley - Lane
Director
Company registration number:
05024009
Teletech Solutions (UK) Ltd
Statement of changes in equity
Year ended 31 March 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 April 2021 |
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98,100 |
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102,938 |
201,038 |
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(Loss)/profit for the year |
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19,172 |
19,172 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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19,172 |
19,172 |
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_______ |
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_______ |
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At 31 March 2022 and 1 April 2022 |
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98,100 |
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122,111
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220,211
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(Loss)/profit for the year |
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(
23,307) |
(
23,307) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
23,307) |
(
23,307) |
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_______ |
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_______ |
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At 31 March 2023 |
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98,100 |
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98,804 |
196,904 |
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_______ |
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_______ |
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Teletech Solutions (UK) Ltd
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Deansway, East Finchley, London, N2 0JF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
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5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Products under development |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
9,874,139 |
86,804 |
130,783 |
10,091,726 |
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_______ |
_______ |
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_______ |
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Depreciation |
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At 1 April 2022 and 31 March 2023 |
9,874,139 |
86,802 |
130,782 |
10,091,723 |
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_______ |
_______ |
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_______ |
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Carrying amount |
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At 31 March 2023 |
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2 |
1 |
3 |
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_______ |
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_______ |
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At 31 March 2022 |
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2 |
1 |
3 |
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_______ |
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_______ |
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6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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137,155 |
546,066 |
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Other debtors |
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1,192 |
622 |
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_______ |
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138,347 |
546,688 |
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_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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396,165 |
402,541 |
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Other creditors |
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6,200 |
8,524 |
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_______ |
_______ |
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402,365 |
411,065 |
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_______ |
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8.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
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Ordinary shares shares of £
1.00 each |
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98,100 |
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98,100 |
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98,100 |
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98,100 |
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_______ |
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9.
Change of name
Pursuant to a special resolution on 7 December 2021, the name of the Company was changed from Tanla Solutions (UK) Limited to Teletech Solutions (UK) Limited.