TULU TECH LTD Filleted Accounts Cover
TULU TECH LTD
Company No. 13527071
Information for Filing with The Registrar
31 December 2023
TULU TECH LTD Directors Report Registrar
The Director presents his report and the accounts for the period ended 31 December 2023.
Principal activities
The principal activity of the company during the period under review was renting and leasing of equipment and other machinery.
Statement of directors' responsibilities
The Director is responsible for preparing the Director's report and the accounts in accordance with applicable law and regulations.

Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with united Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the accounts unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the director is required to:

• select suitable accounting policies and then apply them consistently;
• make judgments and estimates that are reasonable and prudent;
• state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section 1A, have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Director
The Director who served at any time during the period was as follows:
L. Boumard
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L. Boumard
Director
30 July 2024
TULU TECH LTD Balance Sheet Registrar
at
31 December 2023
December
July
Company No.
13527071
Notes
2023
2022
£
£
Fixed assets
Tangible assets
5
673,392444,398
673,392444,398
Current assets
Debtors
6
2,279,605162,403
Cash at bank and in hand
134,41932,726
2,414,024195,129
Creditors: Amount falling due within one year
7
(3,035,738)
(1,094,715)
Net current liabilities
(621,714)
(899,586)
Total assets less current liabilities
51,678
(455,188)
Net assets/(liabilities)
51,678
(455,188)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
51,578
(455,288)
Total equity
51,678
(455,188)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 July 2024 and signed on its behalf by:
L. Boumard
Director
30 July 2024
TULU TECH LTD Notes to the Accounts Registrar
for the period ended 31 December 2023
1
General information
TULU TECH LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13527071
Its registered office is:
201 Haverstock Hill
Second Floor C/O Fkgb
London
NW3 4QG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The director has prepared the financial statements on the going concern basis on the understanding that the parent company will continue to financially support the company and will not call in the loan. In reaching this conclusion, the Director has prepared and considered detailed profit and loss, capital and cash flow projections for a twelve-month period from the date of approval of the financial statements and assessed the underlying assumptions. The Director has also considered exposure to operations risks.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. .
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold land and buildings
20.00% Straight line
Plant and machinery
50.00% Straight line
Furniture, fittings and equipment
33.33% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

As at 31 December 2023 the Company has taxable losses carried forward to the next period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
3
Change in length of the reporting period
During the financial year, the company extended its accounting period to align the year-end with other companies within the group. Consequently, the financial statements have been prepared for a 17-month period from 1 August 2022 to 31 December 2023, compared to the previous 12-month period. As a result, the comparative figures are not directly comparable.
4
Employees
December
July
2023
2022
Number
Number
The average monthly number of employees (including directors) during the period:
53
5
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 August 2022
396,680108,3337,461512,474
Additions
409,06990,960417500,446
At 31 December 2023
805,749199,2937,8781,012,920
Depreciation
At 1 August 2022
38,91527,5751,58668,076
Charge for the year
165,845101,8993,708271,452
At 31 December 2023
204,760129,4745,294339,528
Net book values
At 31 December 2023
600,98969,8192,584673,392
At 31 July 2022
357,765
80,758
5,875
444,398
6
Debtors
December
July
2023
2022
£
£
Trade debtors
46,1649,348
VAT recoverable
-24,268
Other debtors
2,199,5773,700
Prepayments and accrued income
33,864125,087
2,279,605162,403
7
Creditors:
amounts falling due within one year
December
July
2023
2022
£
£
Other loans
42,194-
Trade creditors
5137,446
Taxes and social security
5,277
-
Other creditors
2,953,2121,087,269
Accruals and deferred income
34,542-
3,035,7381,094,715
8
Share Capital
Ordinary shares
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Related party disclosures
Transactions with related parties
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
Tulou Community Ltd
The parent's registered office address is:
Saharon 12
Tel Aviv
Israel
6804806
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