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REGISTERED NUMBER: 02771602 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TELEGROUP LIMITED

TELEGROUP LIMITED (REGISTERED NUMBER: 02771602)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TELEGROUP LIMITED

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2023







DIRECTORS: Mr M Gligorijevic
Mrs D Gligorijevic



SECRETARY: Mr M Gligorijevic



REGISTERED OFFICE: 45 Greenways
Abbots Langley
Hertfordshire
WD5 0EU



REGISTERED NUMBER: 02771602 (England and Wales)



ACCOUNTANTS: Visana Chartered Accountants
45 Greenways
Abbots Langley
Hertfordshire
WD5 0EU



SUBSIDIARIES: Telegroup d.o.o.Belgrade.Serbia
Telegroup Sarajevo. Bosnia-Herzegovinia
Telegroup Pristina.Kosovo

TELEGROUP LIMITED (REGISTERED NUMBER: 02771602)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 257,265 257,265

CURRENT ASSETS
Debtors 5 475,949 342,521
Prepayments and accrued income 183,342 -
Cash at bank and in hand 7,470 12,588
666,761 355,109
CREDITORS
Amounts falling due within one year 6 663,927 364,786
NET CURRENT ASSETS/(LIABILITIES) 2,834 (9,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,099

247,588

CAPITAL AND RESERVES
Called up share capital 7 82,000 82,000
Retained earnings 8 178,099 165,588
SHAREHOLDERS' FUNDS 260,099 247,588

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 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.

TELEGROUP LIMITED (REGISTERED NUMBER: 02771602)

BALANCE SHEET - 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 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:




Mr M Gligorijevic - Director



Mrs D Gligorijevic - Director


TELEGROUP LIMITED (REGISTERED NUMBER: 02771602)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Telegroup 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 257,265
NET BOOK VALUE
At 31 December 2023 257,265
At 31 December 2022 257,265

The company's investments at the Balance Sheet date in the share capital of companies include the following:

"TELEGROUP"d.o.o.BELGRADE
Registered office: Belgrade .Serbia
Nature of business: Supply of Telecommunication systems
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 7,127,222 9,069,430
Profit for the year 561,605 670,560

Telegroup Limited Pristine
Registered office: Pristina Kosovo
Nature of business: Telecom Services
%
Class of shares: holding
Ordinary 100.00

TELEGROUP LIMITED (REGISTERED NUMBER: 02771602)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS - continued

Telegroup Sarajevo
Registered office: Sarajevo . Bosnia-Herzegovinia
Nature of business: Telecom Services
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 73,489 71,409
Profit/(loss) for the year 2,080 (70,435 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 204,205 64,777
Amounts owed by participating interests 271,744 277,744
475,949 342,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 183,342 55,509
Corporation Tax 2,917 2,780
Directors' current accounts 278,529 265,321
Accruals and deferred income 188,845 -
Fees Received in Advance 10,294 41,176
663,927 364,786

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
82,000 Ordinary Shares £1 82,000 82,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 165,588
Profit for the year 12,511
At 31 December 2023 178,099

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Gligorijevic.