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REGISTERED NUMBER: 09279296 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tancredi Intelligent Communication Ltd

Tancredi Intelligent Communication Ltd (Registered number: 09279296)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tancredi Intelligent Communication Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G M V S Di Monteforte
S Davoudi





REGISTERED OFFICE: Third Floor
27 Dover Street
London
W1S 4LZ





REGISTERED NUMBER: 09279296 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Tancredi Intelligent Communication Ltd (Registered number: 09279296)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,366 28,851

CURRENT ASSETS
Debtors 5 665,182 607,980
Cash at bank 1,351,482 1,429,049
2,016,664 2,037,029
CREDITORS
Amounts falling due within one year 6 605,997 618,957
NET CURRENT ASSETS 1,410,667 1,418,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,591,033

1,446,923

PROVISIONS FOR LIABILITIES 17,701 5,615
NET ASSETS 1,573,332 1,441,308

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings 8 1,573,092 1,441,068
1,573,332 1,441,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





G M V S Di Monteforte - Director


Tancredi Intelligent Communication Ltd (Registered number: 09279296)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tancredi Intelligent Communication Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue from consultancy services are recognised as services are performed and is measured at the fair value of the consideration received or receivable. Turnover represents the value of work done in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over the lease term
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken to the profit and loss account.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

Tancredi Intelligent Communication Ltd (Registered number: 09279296)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
New New
office - office - Fixtures
Third Second and
floor floor fittings Totals
£    £    £    £   
COST
At 1 January 2023 19,471 - 141,869 161,340
Additions 58,500 60,592 85,122 204,214
At 31 December 2023 77,971 60,592 226,991 365,554
DEPRECIATION
At 1 January 2023 16,568 - 115,921 132,489
Charge for year 8,322 6,969 37,408 52,699
At 31 December 2023 24,890 6,969 153,329 185,188
NET BOOK VALUE
At 31 December 2023 53,081 53,623 73,662 180,366
At 31 December 2022 2,903 - 25,948 28,851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 558,601 528,847
Other debtors 25,544 3,298
Prepayments 81,037 75,835
665,182 607,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,972 71,924
Tax 277,612 299,797
Social security and other taxes 152,082 154,255
VAT 71,005 60,085
Directors' current accounts 232 232
Deferred income 15,733 21,728
Accrued expenses 37,361 10,936
605,997 618,957

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 155,600 58,118
Between one and five years 463,297 -
618,897 58,118

Tancredi Intelligent Communication Ltd (Registered number: 09279296)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 1,441,068
Profit for the year 932,024
Dividends (800,000 )
At 31 December 2023 1,573,092