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REGISTERED NUMBER: 11047544 (England and Wales)















Financial Statements for the Year Ended 31st October 2023

for

Telewaw Ltd

Telewaw Ltd (Registered number: 11047544)

Contents of the Financial Statements
for the year ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Telewaw Ltd

Company Information
for the year ended 31st October 2023







DIRECTOR: S Lakshmi Narayanan





REGISTERED OFFICE: 7 Dewberry Close
St Mary's Island
Chatham
Kent
ME4 3HN





REGISTERED NUMBER: 11047544 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Telewaw Ltd (Registered number: 11047544)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,831 23,807
Tangible assets 5 1,312 1,750
22,143 25,557

CURRENT ASSETS
Debtors 6 4,806 2,733
Cash at bank and in hand 6,659 4,007
11,465 6,740
CREDITORS
Amounts falling due within one year 7 4,220 19,312
NET CURRENT ASSETS/(LIABILITIES) 7,245 (12,572 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,388

12,985

CREDITORS
Amounts falling due after more than one
year

8

51,846

26,250
NET LIABILITIES (22,458 ) (13,265 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,459 ) (13,266 )
SHAREHOLDERS' FUNDS (22,458 ) (13,265 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Telewaw Ltd (Registered number: 11047544)

Balance Sheet - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





S Lakshmi Narayanan - Director


Telewaw Ltd (Registered number: 11047544)

Notes to the Financial Statements
for the year ended 31st October 2023


1. STATUTORY INFORMATION

Telewaw Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company has a negative balance sheet but has a net current asset position of £29,388 at the balance sheet date.

The director believes that the company has adequate resources as the debt owed to the director of £29,096 will not be repaid within 12 months and then only when cashflow allows.

Telewaw Ltd (Registered number: 11047544)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2022
and 31st October 2023 29,759
AMORTISATION
At 1st November 2022 5,952
Charge for year 2,976
At 31st October 2023 8,928
NET BOOK VALUE
At 31st October 2023 20,831
At 31st October 2022 23,807

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 4,458
DEPRECIATION
At 1st November 2022 2,708
Charge for year 438
At 31st October 2023 3,146
NET BOOK VALUE
At 31st October 2023 1,312
At 31st October 2022 1,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors and prepayments 4,806 2,733

Telewaw Ltd (Registered number: 11047544)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,500 3,500
Other creditors and accruals 720 15,812
4,220 19,312

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,750 26,250
Other creditors 29,096 -
51,846 26,250

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director of the company by virtue of his 100% shareholding.