Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr C J Coe 26/02/2010 Mrs R A Coe 06/04/2014 21 December 2023 The principal activity of the company is that of a telecommunications and card processing platform company. 07171356 2023-03-31 07171356 bus:Director1 2023-03-31 07171356 bus:Director2 2023-03-31 07171356 2022-03-31 07171356 core:CurrentFinancialInstruments 2023-03-31 07171356 core:CurrentFinancialInstruments 2022-03-31 07171356 core:Non-currentFinancialInstruments 2023-03-31 07171356 core:Non-currentFinancialInstruments 2022-03-31 07171356 core:ShareCapital 2023-03-31 07171356 core:ShareCapital 2022-03-31 07171356 core:RetainedEarningsAccumulatedLosses 2023-03-31 07171356 core:RetainedEarningsAccumulatedLosses 2022-03-31 07171356 bus:OrdinaryShareClass1 2023-03-31 07171356 bus:OrdinaryShareClass2 2023-03-31 07171356 bus:OrdinaryShareClass3 2023-03-31 07171356 2022-04-01 2023-03-31 07171356 bus:FullAccounts 2022-04-01 2023-03-31 07171356 bus:SmallEntities 2022-04-01 2023-03-31 07171356 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07171356 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07171356 bus:Director1 2022-04-01 2023-03-31 07171356 bus:Director2 2022-04-01 2023-03-31 07171356 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 07171356 2021-04-01 2022-03-31 07171356 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 07171356 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 07171356 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07171356 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 07171356 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 07171356 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 07171356 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 07171356 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07171356 (England and Wales)

TELECOMS ADVISOR LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

TELECOMS ADVISOR LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TELECOMS ADVISOR LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
TELECOMS ADVISOR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 0 424
Investments 16,700 16,700
16,700 17,124
Current assets
Debtors 3 44,693 40,473
Cash at bank and in hand 101,277 127,027
145,970 167,500
Creditors: amounts falling due within one year 4 ( 104,576) ( 118,834)
Net current assets 41,394 48,666
Total assets less current liabilities 58,094 65,790
Creditors: amounts falling due after more than one year 5 ( 11,667) ( 17,083)
Net assets 46,427 48,707
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 46,227 48,507
Total shareholders' funds 46,427 48,707

For the financial 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.

Directors' responsibilities:

The financial statements of Telecoms Advisor Limited (registered number: 07171356) were approved and authorised for issue by the Director on 21 December 2023. They were signed on its behalf by:

Mr C J Coe
Director
TELECOMS ADVISOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TELECOMS ADVISOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Telecoms Advisor Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Croft Road, Thame, OX9 3JF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Trade debtors 42,585 40,473
Accrued income 2,108 0
44,693 40,473

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,000 4,584
Trade creditors 77 21,321
Amounts owed to directors 25,157 25,157
Accruals 23,149 7,783
Corporation tax 25,522 25,564
Other taxation and social security 23,528 33,205
Other creditors 2,143 1,220
104,576 118,834

There are no amounts included above in respect of which any security has been given by the small entity.

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 11,667 17,083

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
50 A ordinary shares of £ 1.00 each 50 50
50 B ordinary shares of £ 1.00 each 50 50
200 200

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 9,285 8,845

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to director 25,157 25,157