Company Registration No. 09342992 (England and Wales)
TERAGENCE LTD
Unaudited accounts
for the year ended 31 December 2023
TERAGENCE LTD
Unaudited accounts
Contents
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
TERAGENCE LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
46,884
141,987
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
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
TERAGENCE LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
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
At 31 December 2023
310
230
540
At 31 December 2022
458
408
866
TERAGENCE LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
27,203
8,143
Accrued income and prepayments
2,285
4,434
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
51,469
34,513
Loans from directors
(135)
(135)
Deferred income
94,479
68,400
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Average number of employees
During the year the average number of employees was 0 (2022: 1).