Company registration number 05408620 (England and Wales)
Tecsys Europe Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Tecsys Europe Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Tecsys Europe Ltd
Statement Of Financial Position
as at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
59
1,636
Cash at bank and in hand
8,514
2,550
8,573
4,186
Creditors: amounts falling due within one year
(213,885)
(240,335)
Net current liabilities
(205,312)
(236,149)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(205,412)
(236,249)
Total equity
(205,312)
(236,149)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 October 2024 and are signed on its behalf by:
M T Hawksley
Director
Company Registration No. 05408620
Tecsys Europe Ltd
Notes to the financial statements
for the year ended 30 April 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is a management fee that Tecsys Europe Ltd receives from Tecsys Inc for the services provided by Tecsys Europe Ltd to Tecsys Inc. It is based on the total expenses in Tecsys Europe Ltd plus a mark up.
Turnover is recognised on completion of performance of contractual obligations.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Company information
Tecsys Europe Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.