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Company Registration No. 10937593 (England and Wales)
Mindtech Global Limited Unaudited accounts for the year ended 31 December 2023
Mindtech Global Limited Unaudited accounts Contents
Page
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Mindtech Global Limited Company Information for the year ended 31 December 2023
Directors
Andrii Grebin Steven Harris Ryan Kolln Ashwin Kumaraswamy Alex Okun Sir Hossein Yassaie
Secretary
Robin Headlam
Company Number
10937593 (England and Wales)
Registered Office
Spaces Pennine Five Block 2 20-22 Hawley Street Sheffield South Yorkshire S1 2EA England
Accountants
Partners In Enterprise Limited First Floor Office 5 Bartholomews Brighton East Sussex BN1 1HG
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Mindtech Global Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,818 
70,429 
Current assets
Debtors
28,229 
68,991 
Cash at bank and in hand
36,717 
1,085,507 
64,946 
1,154,498 
Creditors: amounts falling due within one year
(19,035)
328,285 
Net current assets
45,911 
1,482,783 
Total assets less current liabilities
102,729 
1,553,212 
Creditors: amounts falling due after more than one year
(827,077)
(122,500)
Net (liabilities)/assets
(724,348)
1,430,712 
Capital and reserves
Called up share capital
3,166,631 
3,105,021 
Share premium
6,009,293 
5,730,903 
Capital redemption reserve
(3,649)
(3,649)
Profit and loss account
(9,896,623)
(7,401,563)
Shareholders' funds
(724,348)
1,430,712 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2024 and were signed on its behalf by
Sir Hossein Yassaie Director Company Registration No. 10937593
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Mindtech Global Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Mindtech Global Limited is a private company, limited by shares, registered in England and Wales, registration number 10937593. The registered office is Spaces Pennine Five Block 2, 20-22 Hawley Street, Sheffield, South Yorkshire, S1 2EA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
413,715 
Additions
4,973 
Disposals
(306,301)
At 31 December 2023
112,387 
Depreciation
At 1 January 2023
343,286 
Charge for the year
18,583 
On disposals
(306,300)
At 31 December 2023
55,569 
Net book value
At 31 December 2023
56,818 
At 31 December 2022
70,429 
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Mindtech Global Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,327 
17,493 
Accrued income and prepayments
20,902 
51,498 
28,229 
68,991 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
49,000 
49,000 
Trade creditors
125,140 
10,436 
Taxes and social security
(313,232)
(473,847)
Other creditors
97,494 
13,369 
Accruals
60,633 
72,757 
19,035 
(328,285)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
73,500 
122,500 
Other creditors
400,000 
- 
Loans from directors
353,577 
- 
827,077 
122,500 
8
Average number of employees
During the year the average number of employees was 29 (2022: 29).
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