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REGISTERED NUMBER: 11444888 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TECHNO AMPEX GROUP LIMITED

TECHNO AMPEX GROUP LIMITED (REGISTERED NUMBER: 11444888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECHNO AMPEX GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Sayegh
M Sayegh





REGISTERED OFFICE: 2nd Floor, Berkeley Square House
Berkeley Square
Mayfair
London
W1J 6BD





REGISTERED NUMBER: 11444888 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

TECHNO AMPEX GROUP LIMITED (REGISTERED NUMBER: 11444888)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 245 245

CURRENT ASSETS
Debtors 5 275,942 19,934
Cash at bank 160,556 353,196
436,498 373,130
CREDITORS
Amounts falling due within one year 6 273,873 381,683
NET CURRENT ASSETS/(LIABILITIES) 162,625 (8,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,870

(8,308

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,770 (8,408 )
SHAREHOLDERS' FUNDS 162,870 (8,308 )

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.

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 11 July 2024 and were signed on its behalf by:





G Sayegh - Director


TECHNO AMPEX GROUP LIMITED (REGISTERED NUMBER: 11444888)

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

1. STATUTORY INFORMATION

Techno Ampex Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 245
NET BOOK VALUE
At 31 December 2023 245
At 31 December 2022 245

At 31st December 2022 the company's subsidiary undertakings were as follows:

Innovative Specialized Security Systems Limited (80% owned)
Stalwart Design Services Limited (85% owned)
Signals Control UK Limited (80% owned)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 250,000 -
Other debtors 25,942 19,934
275,942 19,934

TECHNO AMPEX GROUP LIMITED (REGISTERED NUMBER: 11444888)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 73 2,977
Amounts owed to group undertakings - 106,194
Taxation and social security 1,228 -
Other creditors 272,572 272,512
273,873 381,683

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M Sayegh
Balance outstanding at start of year - -
Amounts advanced 3,638 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,638 -

8. RELATED PARTY DISCLOSURES

Included within amounts owed from group undertakings are loans to subsidiaries totalling £250,000 (2022: £0). The loans are interest free and repayable on demand.

Included within amounts owed to group undertakings are loans from subsidiaries totalling £0 (2022: £106,194). The loans are interest free and repayable on demand.

Included within other debtors due within one year are loans totalling £21,076 (2022: £19,105), due to companies under the common control of the director G Sayegh. The loans are interest free and repayable on demand.

As at 31st December 2023 other creditors due within one year included loans from two companies under the control of the director G Sayegh. The loans totalled £229,262 (2022: £229,262). The loans are interest free and repayable on demand.

Included within other creditors is a loan from a director totalling £41,000 (2022: £41,000). The loan is interest free and repayable on demand.