TECHSIMULATER LTD

Company Registration Number:
10554806 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

TECHSIMULATER LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TECHSIMULATER LTD

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

TechSimulater provides mobile application, software development and website development solutions to it's clientele including businesses, wholesales and consumers. The firm is recognised for it's flagship projects and work in the UK technological industry. TechSimulater also provides consultancy services for it's clientele with prospects of purchasing custom built computers.

Political and charitable donations

The director, Khurram Asif made a charitable donation to Ukraine as part of the ongoing conflict.

Additional information

The director was residing abroad and in the absence of the director and unawareness, the accounts were not submitted.



Directors

The director shown below has held office during the whole of the period from
1 February 2022 to 31 January 2023

Khurram Asif


Secretary Ye YU

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 August 2024

And signed on behalf of the board by:
Name: Ye YU
Status: Secretary

TECHSIMULATER LTD

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 16,312,910 7,912,322
Cost of sales: ( 11,962,333 ) ( 5,910,269 )
Gross profit(or loss): 4,350,577 2,002,053
Distribution costs: ( 216,771 ) ( 133,210 )
Administrative expenses: ( 410,550 ) ( 309,411 )
Other operating income: 681,980 259,000
Operating profit(or loss): 4,405,236 1,818,432
Interest receivable and similar income: 62,000 25,000
Interest payable and similar charges: ( 13,000 ) 0
Profit(or loss) before tax: 4,454,236 1,843,432
Tax: 0 0
Profit(or loss) for the financial year: 4,454,236 1,843,432

TECHSIMULATER LTD

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,677,030 1,391,600
Investments: 4 2,000,000 1,700,000
Total fixed assets: 3,677,030 3,091,600
Current assets
Stocks:   0 0
Debtors: 5 890,000 390,000
Cash at bank and in hand: 4,991,224 2,561,900
Investments: 6 500,000 220,000
Total current assets: 6,381,224 3,171,900
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 751,000 ) ( 391,000 )
Net current assets (liabilities): 5,630,224 2,780,900
Total assets less current liabilities: 9,307,254 5,872,500
Creditors: amounts falling due after more than one year: 8 ( 1,030,000 ) ( 729,300 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 560,000 ) ( 295,000 )
Total net assets (liabilities): 7,717,254 4,848,200
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 7,717,154 4,848,100
Total Shareholders' funds: 7,717,254 4,848,200

The notes form part of these financial statements

TECHSIMULATER LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 August 2024
and signed on behalf of the board by:

Name: Khurram Asif
Status: Director

The notes form part of these financial statements

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    PPE is depreciated over its useful life.

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 47 34

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 182,000 583,912 64,411 391,277 230,000 1,451,600
Additions 1,960,000 13,700 67,300 0 2,041,000
Disposals
Revaluations
Transfers
At 31 January 2023 182,000 2,543,912 78,111 458,577 230,000 3,492,600
Depreciation
At 1 February 2022 0 27,900 14,400 7,300 10,400 60,000
Charge for year 169,370 999,289 63,700 409,211 114,000 1,755,570
On disposals
Other adjustments
At 31 January 2023 169,370 1,027,189 78,100 416,511 124,400 1,815,570
Net book value
At 31 January 2023 12,630 1,516,723 11 42,066 105,600 1,677,030
At 31 January 2022 182,000 556,012 50,011 383,977 219,600 1,391,600

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Fixed assets investments note

Investments with life of more than 1 year after fixed investments.

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 890,000 390,000
Total 890,000 390,000
Debtors due after more than one year: 890,000 390,000

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Current assets investments note

TechSimulater has taken funding from VC, Angel and Seed investment within this accountancy period for expansion, expected for 7 years of valuation and expansion.

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 751,000 391,000
Total 751,000 391,000

TECHSIMULATER LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 30,000 82,300
Amounts due under finance leases and hire purchase contracts 330,000 256,000
Other creditors 670,000 391,000
Total 1,030,000 729,300