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Company Registration No. 08574619 (England and Wales)
TECHFRONT UK LIMITED Unaudited accounts for the year ended 31 March 2023
TECHFRONT UK LIMITED Unaudited accounts Contents
Page
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TECHFRONT UK LIMITED Company Information for the year ended 31 March 2023
Directors
Jatinder Somal Muralidharan, Manapakkam Srinivasan
Secretary
Komal Paul
Company Number
08574619 (England and Wales)
Registered Office
UNIT 16 DUNSTALL HILL TRADING ESTATE GORSEBROOK ROAD WOLVERHAMPTON WEST MIDLANDS WV6 0PJ ENGLAND
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TECHFRONT UK LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,300,260 
4,924,697 
Investments
2,740,298 
2,740,298 
7,040,558 
7,664,995 
Current assets
Debtors
382,946 
422,512 
Cash at bank and in hand
5,969 
74,877 
388,915 
497,389 
Creditors: amounts falling due within one year
(667,377)
(651,947)
Net current liabilities
(278,462)
(154,558)
Total assets less current liabilities
6,762,096 
7,510,437 
Creditors: amounts falling due after more than one year
(3,557,399)
(3,619,636)
Net assets
3,204,697 
3,890,801 
Capital and reserves
Called up share capital
5,772,548 
5,772,548 
Profit and loss account
(2,567,851)
(1,881,747)
Shareholders' funds
3,204,697 
3,890,801 
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. 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 7 February 2024 and were signed on its behalf by
Jatinder Somal Director Company Registration No. 08574619
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TECHFRONT UK LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
TECHFRONT UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08574619. The registered office and principal place of business is UNIT 16 DUNSTALL HILL TRADING ESTATE, GORSEBROOK ROAD, WOLVERHAMPTON, WEST MIDLANDS, WV6 0PJ, 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:
Plant & machinery
Assume 10 Years Useful Life
Computer equipment
Assume 3 Years Useful Life
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
7,794,574 
20,294 
7,769 
7,822,637 
Revaluations
- 
- 
(7,769)
(7,769)
At 31 March 2023
7,794,574 
20,294 
- 
7,814,868 
Depreciation
At 1 April 2022
2,877,646 
20,294 
- 
2,897,940 
Charge for the year
616,668 
- 
- 
616,668 
At 31 March 2023
3,494,314 
20,294 
- 
3,514,608 
Net book value
At 31 March 2023
4,300,260 
- 
- 
4,300,260 
At 31 March 2022
4,916,928 
- 
7,769 
4,924,697 
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TECHFRONT UK LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
2,740,298 
Valuation at 31 March 2023
2,740,298 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
382,946 
350,750 
Accrued income and prepayments
- 
56,623 
Other debtors
- 
15,139 
382,946 
422,512 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
71,988 
- 
VAT
11,570 
216,117 
Trade creditors
364,249 
184,811 
Taxes and social security
10,512 
159,834 
Other creditors
207,561 
102,541 
Loans from directors
- 
(11,855)
Accruals
1,497 
499 
667,377 
651,947 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,557,399 
3,619,636 
9
Post balance sheet events
Investment in Techfront Hungary was disposed of after the year end for £950,000.00
10
Average number of employees
During the year the average number of employees was 6 (2022: 7).
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