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Registered number: 12311712
Technology Transformation Group Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Accountax (UK) Limited
Chartered Certified Accountants & Registered Auditors
21 Knighsbridge
London
SW1X 7LY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12311712
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74 1,847
74 1,847
CURRENT ASSETS
Debtors 5 176,884 110,101
Cash at bank and in hand 121,611 139,273
298,495 249,374
Creditors: Amounts Falling Due Within One Year 6 (87,712 ) (51,966 )
NET CURRENT ASSETS (LIABILITIES) 210,783 197,408
TOTAL ASSETS LESS CURRENT LIABILITIES 210,857 199,255
NET ASSETS 210,857 199,255
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 210,854 199,252
SHAREHOLDERS' FUNDS 210,857 199,255
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Turfrey
Director
11/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Technology Transformation Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12311712 . The registered office is The Basement Goodmayes House, 45-49 Goodmayes Road, Ilford, Essex, IG3 9UF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line Method
Computer Equipment 33% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 3)
- 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 3,207 19,174 22,381
As at 30 November 2023 3,207 19,174 22,381
Depreciation
As at 1 December 2022 2,332 18,202 20,534
Provided during the period 801 972 1,773
As at 30 November 2023 3,133 19,174 22,307
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 74 - 74
As at 1 December 2022 875 972 1,847
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 176,884 101,204
VAT - 5,854
Other taxes and social security - 3,043
176,884 110,101
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 72,955 51,770
VAT 5,626 -
Accruals and deferred income 9,000 -
Directors' loan accounts 131 196
87,712 51,966
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
Page 4