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REGISTERED NUMBER: 08331289 (England and Wales)















FINDIAN CTO SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 DECEMBER 2023






FINDIAN CTO SERVICES LTD (REGISTERED NUMBER: 08331289)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


FINDIAN CTO SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: Mr A J Mahendra





SECRETARY: Mrs S Mahendra





REGISTERED OFFICE: 152 Maldon Road
Colchester
Essex
CO3 3AY





REGISTERED NUMBER: 08331289 (England and Wales)

FINDIAN CTO SERVICES LTD (REGISTERED NUMBER: 08331289)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,234 2,740

CURRENT ASSETS
Debtors 5 128,334 85,309
Cash at bank 36,914 30,372
165,248 115,681
CREDITORS
Amounts falling due within one year 6 (136,917 ) (77,137 )
NET CURRENT ASSETS 28,331 38,544
TOTAL ASSETS LESS CURRENT LIABILITIES 30,565 41,284

CREDITORS
Amounts falling due after more than one year 7 (9,000 ) (15,000 )

PROVISIONS FOR LIABILITIES (558 ) (521 )
NET ASSETS 21,007 25,763

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,907 25,663
21,007 25,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2024 and were signed by:





Mr A J Mahendra - Director


FINDIAN CTO SERVICES LTD (REGISTERED NUMBER: 08331289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023


1. STATUTORY INFORMATION

Findian CTO Services Ltd 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% straight line
Computer equipment - 33.33% straight line

Financial instruments
Basic financial instruments are measured at amortised 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.

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.

Government grants
The company has chosen to adopt the accruals model in relation to income received from the government.
Grants and other government related income is recognised in the income statement on a systematic basis. The entity recognises gross costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

FINDIAN CTO SERVICES LTD (REGISTERED NUMBER: 08331289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 December 2022
and 30 December 2023 2,000 9,042 11,042
DEPRECIATION
At 31 December 2022 33 8,269 8,302
Charge for year 200 306 506
At 30 December 2023 233 8,575 8,808
NET BOOK VALUE
At 30 December 2023 1,767 467 2,234
At 30 December 2022 1,967 773 2,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,401 -
Other debtors 122,933 85,309
128,334 85,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors - 180
Taxation and social security 130,917 70,957
136,917 77,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,000 15,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, Mr A Mahendra owed the company £95,266 (2022: £59,260). During the year advances were made to the director of £69,177 (2022: £138,733) and repayments made of £33,172 (2022: £109,113).