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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
Director
Director Mrs Jenifer Elizabeth Laffoley - Lane
Company number 05024009
Registered office 2 Deansway
East Finchley
London
N2 0JF
Business address 4th Floor (Room 417)
85 Tottenham Court Road
London
W1T 4TQ
Accountants VSP Limited
2 Deansway
East Finchley
London
N2 0JF
Teletech Solutions (UK) Ltd
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 3 3
_______ _______
3 3
Current assets
Debtors 6 138,347 546,688
Cash at bank and in hand 460,919 84,584
_______ _______
599,266 631,272
Creditors: amounts falling due
within one year 7 ( 402,365) ( 411,065)
_______ _______
Net current assets 196,901 220,207
_______ _______
Total assets less current liabilities 196,904 220,210
_______ _______
Net assets 196,904 220,210
_______ _______
Capital and reserves
Called up share capital 8 98,100 98,100
Profit and loss account 98,804 122,110
_______ _______
Shareholder funds 196,904 220,210
_______ _______
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:
- 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;
- 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
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2021 98,100 102,938 201,038
(Loss)/profit for the year 19,172 19,172
_______ _______ _______
Total comprehensive income for the year - 19,172 19,172
_______ _______ _______
At 31 March 2022 and 1 April 2022 98,100 122,111 220,211
(Loss)/profit for the year ( 23,307) ( 23,307)
_______ _______ _______
Total comprehensive income for the year - ( 23,307) ( 23,307)
_______ _______ _______
At 31 March 2023 98,100 98,804 196,904
_______ _______ _______
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 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Products under development Total
£ £ £ £
Cost
At 1 April 2022 and 31 March 2023 9,874,139 86,804 130,783 10,091,726
_______ _______ _______ _______
Depreciation
At 1 April 2022 and 31 March 2023 9,874,139 86,802 130,782 10,091,723
_______ _______ _______ _______
Carrying amount
At 31 March 2023 - 2 1 3
_______ _______ _______ _______
At 31 March 2022 - 2 1 3
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 137,155 546,066
Other debtors 1,192 622
_______ _______
138,347 546,688
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 396,165 402,541
Other creditors 6,200 8,524
_______ _______
402,365 411,065
_______ _______
8. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares shares of £ 1.00 each 98,100 98,100 98,100 98,100
_______ _______ _______ _______
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.