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REGISTERED NUMBER: 06276010 (England and Wales)


Topraq Technologies Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Topraq Technologies Limited (Registered number: 06276010)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Topraq Technologies Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr F K Ersoy





REGISTERED OFFICE: 20 St Andrews Street
London
EC4A 3AG





REGISTERED NUMBER: 06276010 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Topraq Technologies Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Topraq Technologies Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Topraq Technologies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Topraq Technologies Limited and state those matters that we have agreed to state to the director of Topraq Technologies Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Topraq Technologies Limited and its director for our work or for this report.

It is your duty to ensure that Topraq Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Topraq Technologies Limited. You consider that Topraq Technologies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Topraq Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


9 August 2024

Topraq Technologies Limited (Registered number: 06276010)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 47,627 56,032

CURRENT ASSETS
Inventories 5 - 20,470
Debtors 6 140,606 78,652
Cash at bank and in hand 3,090 3,089
143,696 102,211
CREDITORS
Amounts falling due within one year 7 99,225 74,105
NET CURRENT ASSETS 44,471 28,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,098

84,138

PROVISIONS FOR LIABILITIES 8 9,049 9,660
NET ASSETS 83,049 74,478

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 82,049 73,478
SHAREHOLDERS' FUNDS 83,049 74,478

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 director acknowledges his 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.

Topraq Technologies Limited (Registered number: 06276010)

Statement of Financial Position - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





Mr F K Ersoy - Director


Topraq Technologies Limited (Registered number: 06276010)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Topraq Technologies Limited 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when products are delivered to or services are performed for the customer. At any time, the unrecognised portion of sales represents as deferred revenues and is reported on the balance sheet as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2022 - 2 ) .

Topraq Technologies Limited (Registered number: 06276010)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 38,680 13,684 57,168 109,532
DEPRECIATION
At 1 January 2023 25,268 12,368 15,864 53,500
Charge for year 2,012 197 6,196 8,405
At 31 December 2023 27,280 12,565 22,060 61,905
NET BOOK VALUE
At 31 December 2023 11,400 1,119 35,108 47,627
At 31 December 2022 13,412 1,316 41,304 56,032

5. INVENTORIES
2023 2022
£    £   
Payments on account - 20,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,596 35,263
Other debtors 53,010 43,389
140,606 78,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,383 68,364
Taxation and social security 189 199
Other creditors 30,653 5,542
99,225 74,105

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,049 9,660

Topraq Technologies Limited (Registered number: 06276010)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 9,660
Credit to Statement of Income and Retained Earnings during year (611 )
Balance at 31 December 2023 9,049

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 73,478
Profit for the year 8,571
At 31 December 2023 82,049

11. RELATED PARTY DISCLOSURES

Persons with significant influence
Company owes £25,223.13 (2022 - £14,43) to related party at the balance sheet date.