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REGISTERED NUMBER: 01380754 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

TECAPET LIMITED

TECAPET LIMITED (REGISTERED NUMBER: 01380754)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECAPET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs Shobhana Khimasia
Mrs K Khimasia Morgan
Mrs P P Khimasia-John



REGISTERED OFFICE: Unitec House
2 Albert Place
Finchley
London
N3 1QB



REGISTERED NUMBER: 01380754 (England and Wales)



BANKERS: Barclays Bank Plc

TECAPET LIMITED (REGISTERED NUMBER: 01380754)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,842 3,488

CURRENT ASSETS
Debtors 5 191,803 236,284
Cash at bank 776,343 719,397
968,146 955,681
CREDITORS
Amounts falling due within one year 6 36,253 95,105
NET CURRENT ASSETS 931,893 860,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,735

864,064

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Retained earnings 884,735 814,064
SHAREHOLDERS' FUNDS 934,735 864,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





Mrs Shobhana Khimasia - Director


TECAPET LIMITED (REGISTERED NUMBER: 01380754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Tecapet Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01380754 and registered office address is Unitec House, 2 Albert Place, London, N3 1QB.

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.

These financial statements have been prepared on the going concern basis which is dependent on the following considerations by the directors:

- The company has positive net assets, and remains profitable.
- The company is not dependant on external financing.
- Forecasts of revenues and sales orders for the next 1-2 years indicate that the company will continue to meet its liabilities as they fall due

Based on the above the director has concluded that there are no material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern.

Turnover
Turnover comprises income from consultancy services rendered.

Consultancy services are recognised when services are provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

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 - 15% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

TECAPET LIMITED (REGISTERED NUMBER: 01380754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 24,979
DEPRECIATION
At 1st January 2023 21,491
Charge for year 646
At 31st December 2023 22,137
NET BOOK VALUE
At 31st December 2023 2,842
At 31st December 2022 3,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 190,073 236,133
Other debtors 1,730 151
191,803 236,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 98 77,292
Taxation and social security (874 ) 4,797
Other creditors 37,029 13,016
36,253 95,105

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50,000 Ordinary shares £1 50,000 50,000

8. ULTIMATE CONTROLLING PARTY

The company is wholly owned by Universal Finance and Development Company Limited, incorporated in British Virgin Islands.