2022-10-012023-09-302023-09-30false07368489TECHNOLOGY ENTERPRISES 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TECHNOLOGY ENTERPRISES LIMITED

Registered Number
07368489
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

TECHNOLOGY ENTERPRISES LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

MLESNITA, Flaviu-Tudor

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

C/O Auria
48 Warwick Street
London
W1B 5AW

Registered Number

07368489 (England and Wales)
TECHNOLOGY ENTERPRISES LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors4561,931778,100
Cash at bank and on hand15,490111,716
577,421889,816
Creditors amounts falling due within one year5(927,057)(623,756)
Net current assets (liabilities)(349,636)266,060
Total assets less current liabilities(349,636)266,060
Creditors amounts falling due after one year6(1,747,614)(1,632,141)
Net assets(2,097,250)(1,366,081)
Capital and reserves
Called up share capital100100
Profit and loss account(2,097,350)(1,366,181)
Shareholders' funds(2,097,250)(1,366,081)
The financial statements were approved and authorised for issue by the Director on 29 July 2024, and are signed on its behalf by:
MLESNITA, Flaviu-Tudor
Director
Registered Company No. 07368489
TECHNOLOGY ENTERPRISES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 October 22583583
At 30 September 23583583
Depreciation and impairment
At 01 October 22583583
At 30 September 23583583
Net book value
At 30 September 23--
At 30 September 22--
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables557,610773,779
Other debtors4,3214,321
Total561,931778,100
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables781,669565,424
Taxation and social security10,4927,613
Other creditors41,158-
Accrued liabilities and deferred income93,73850,719
Total927,057623,756
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors1,747,6141,632,141
Total1,747,6141,632,141