Company Registration No. 11050909 (England and Wales)
Tech Enterprise Solutions Limited
Unaudited accounts
for the year ended 31 March 2024
Tech Enterprise Solutions Limited
Unaudited accounts
Contents
Tech Enterprise Solutions Limited
Company Information
for the year ended 31 March 2024
Directors
Mrs Surabhi Raghavendra Deshpande
Mr Anup Rajendra Prasad
Company Number
11050909 (England and Wales)
Registered Office
6060 Knights Court
Birmingham Business Park
Birmingham
B37 7WY
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Tech Enterprise Solutions Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
8,498
25,986
Creditors: amounts falling due within one year
(22,846)
(2,371)
Net current assets
17,924
22,388
Total assets less current liabilities
18,978
23,256
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
18,678
23,156
Shareholders' funds
18,778
23,256
For the year ending 31 March 2024 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 Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Mr Anup Rajendra Prasad
Director
Company Registration No. 11050909
Tech Enterprise Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
Tech Enterprise Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11050909. The registered office is 6060 Knights Court, Birmingham Business Park, Birmingham, B37 7WY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Total
Tech Enterprise Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Movements on directors' loan accounts represents timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed to the company from Mrs S R Deshpande was £9,638, a movement of £10,022 from the £384 owed by the company at the beginning of the period. At the reporting date the amount owed to the company from Mr A Rajendra Prasad was £8,100, a movement of £9,219 from the £1,119 owed by the company at the beginning of the period. Directors' loans were cleared in full in November 2024.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).