IRIS Accounts Production v24.2.0.383 13199719 Board of Directors 1.4.23 31.3.24 31.3.24 6.9.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131997192023-03-31131997192024-03-31131997192023-04-012024-03-31131997192022-03-31131997192022-04-012023-03-31131997192023-03-3113199719ns15:EnglandWales2023-04-012024-03-3113199719ns14:PoundSterling2023-04-012024-03-3113199719ns10:Director12023-04-012024-03-3113199719ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113199719ns10:SmallEntities2023-04-012024-03-3113199719ns10:Audited2023-04-012024-03-3113199719ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113199719ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113199719ns10:FullAccounts2023-04-012024-03-3113199719ns10:OrdinaryShareClass12023-04-012024-03-3113199719ns10:Director22023-04-012024-03-3113199719ns10:Director32023-04-012024-03-3113199719ns10:Director42023-04-012024-03-3113199719ns10:Director52023-04-012024-03-3113199719ns10:CompanySecretary12023-04-012024-03-3113199719ns10:RegisteredOffice2023-04-012024-03-3113199719ns5:CurrentFinancialInstruments2024-03-3113199719ns5:CurrentFinancialInstruments2023-03-3113199719ns5:ShareCapital2024-03-3113199719ns5:ShareCapital2023-03-3113199719ns5:RetainedEarningsAccumulatedLosses2024-03-3113199719ns5:RetainedEarningsAccumulatedLosses2023-03-3113199719ns5:PlantMachinery2023-04-012024-03-3113199719ns5:PlantMachinery2023-03-3113199719ns5:PlantMachinery2024-03-3113199719ns5:PlantMachinery2023-03-3113199719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113199719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113199719ns5:WithinOneYear2024-03-3113199719ns5:WithinOneYear2023-03-3113199719ns5:BetweenOneFiveYears2024-03-3113199719ns5:BetweenOneFiveYears2023-03-3113199719ns5:AllPeriods2024-03-3113199719ns5:AllPeriods2023-03-3113199719ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13199719 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE TESTING CONSULTANCY EUROPE LIMITED

THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE TESTING CONSULTANCY EUROPE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: J Tombleson
D Borrie
D J Webber
T J D Rankin-Mills
M C Ewart





SECRETARY: J Tombleson





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 13199719 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,001 3,855

CURRENT ASSETS
Debtors 5 104,070 375,585
Cash at bank 71,163 125,076
175,233 500,661
CREDITORS
Amounts falling due within one year 6 822,302 632,920
NET CURRENT LIABILITIES (647,069 ) (132,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(644,068

)

(128,404

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (644,168 ) (128,504 )
SHAREHOLDERS' FUNDS (644,068 ) (128,404 )

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 6 September 2024 and were signed on its behalf by:





J Tombleson - Director


THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Testing Consultancy Europe 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.

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.

Going concern
The company has obtained a letter of support from its parent company, Mosaic Group Ltd. The directors of Mosaic Group Ltd have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future being for a period of at least 12 months and 1 day following the signing of the audit report. As a result of this commitment, the directors have adopted the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the total invoice value, excluding value-added tax, of sales made during the year. Revenue is recognised based on the completion status of the service as this is when the risks and rewards are transferred to the customer.

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 - 50% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net depreciation and any impairment losses.

Financial instruments
Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

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.


THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,251
Additions 1,120
At 31 March 2024 7,371
DEPRECIATION
At 1 April 2023 2,396
Charge for year 1,974
At 31 March 2024 4,370
NET BOOK VALUE
At 31 March 2024 3,001
At 31 March 2023 3,855

THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 56,577 335,305
Other debtors 47,493 40,280
104,070 375,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 53,545 101,371
Amounts owed to group undertakings 673,438 436,543
Taxation and social security 11,760 49,648
Other creditors & accruals 83,559 45,358
822,302 632,920

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 43,200 36,300
Between one and five years 36,000 -
79,200 36,300

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

THE TESTING CONSULTANCY EUROPE LIMITED (REGISTERED NUMBER: 13199719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

The Testing Consultancy Europe Limited is related to Mosaic Group Ltd (incorporated in NZ), The Testing Consultancy Australia Pty Ltd, The Testing Consultancy Ltd (incorporated in NZ), and The Testing Consultancy US Corporation, as they are within the same group. During the year, the Company made several transactions to these related parties, and had balances outstanding with them as at the year end.

Mosaic Group Ltd (incorporated in NZ)
The Company owed Mosaic Group Ltd £2,084 (2023: £NIL). Mosaic Group Ltd paid expenses on behalf of The Testing Consultancy Europe Limited amounting to £2,084 (2023: £NIL).

The Testing Consultancy Australia Pty Ltd
The Company owed The Testing Consultancy Australia Pty Ltd £NIL (2023: £32,945) at the year end. The Testing Consultancy Australia Pty Ltd made sales and recharges to the Company of £NIL (2023: £32,945) during the year. In the year, The Testing Consultancy Ltd took over the intercompany debt owed by The Testing Consultancy Europe Limited.

The Testing Consultancy Ltd (incorporated in NZ)
The Company owed The Testing Consultancy Ltd £594,329 (2023: £336,917) at the year end. The Testing Consultancy Ltd made sales and recharges to the Company of £99,998 (2023: £74,951) during the year. The Company received a trade and enterprise grant to the value of £182,921 (2023: £50,022) through The Testing Consultancy Ltd. The Company made sales to the Testing Consultancy Ltd of £23,212 (2023: £NIL).

The Testing Consultancy US Corporation
The Company owed The Testing Consultancy US Corporation £77,025 (2023: £66,681) at the year end. The Testing Consultancy US Corporation made sales and recharges to the Company of £10,344 (2023: £65,350) during the year.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

12. ULTIMATE PARENT COMPANY

The ultimate parent company is Mosaic Group Ltd, a company incorporated in New Zealand and registered at 96 St Georges Bay Road, Parnell, Auckland, 1052. Mosaic Group Ltd holds a 75% ownership interest in The Testing Consultancy Europe Ltd. The consolidated accounts are not publicly available.