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Company Registration No. 09342992 (England and Wales)
TERAGENCE LTD Unaudited accounts for the year ended 31 December 2023
TERAGENCE LTD Unaudited accounts Contents
Page
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TERAGENCE LTD Company Information for the year ended 31 December 2023
Directors
Christian Rouffaert Abdulla Thakur Paul Moore
Secretary
Christian Rouffaert
Company Number
09342992 (England and Wales)
Registered Office
153 Milton Keynes Business Centre Foxhunter Drive Milton Keynes MK14 6GD United Kingdom
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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TERAGENCE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
540 
866 
Current assets
Debtors
29,488 
12,577 
Cash at bank and in hand
46,884 
141,987 
76,372 
154,564 
Creditors: amounts falling due within one year
(163,422)
(130,174)
Net current (liabilities)/assets
(87,050)
24,390 
Net (liabilities)/assets
(86,510)
25,256 
Capital and reserves
Called up share capital
1,407 
1,407 
Share premium
622,793 
622,793 
Profit and loss account
(710,710)
(598,944)
Shareholders' funds
(86,510)
25,256 
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
Christian Rouffaert Director Company Registration No. 09342992
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TERAGENCE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
TERAGENCE LTD is a private company, limited by shares, registered in England and Wales, registration number 09342992. The registered office is 153 Milton Keynes Business Centre , Foxhunter Drive, Milton Keynes, MK14 6GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% SL
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
594 
3,320 
3,914 
At 31 December 2023
594 
3,320 
3,914 
Depreciation
At 1 January 2023
136 
2,912 
3,048 
Charge for the year
148 
178 
326 
At 31 December 2023
284 
3,090 
3,374 
Net book value
At 31 December 2023
310 
230 
540 
At 31 December 2022
458 
408 
866 
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TERAGENCE LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,203 
8,143 
Accrued income and prepayments
2,285 
4,434 
29,488 
12,577 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,369 
6,829 
Trade creditors
51,469 
34,513 
Other creditors
- 
12,000 
Loans from directors
(135)
(135)
Accruals
10,240 
8,567 
Deferred income
94,479 
68,400 
163,422 
130,174 
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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