5G Technologies Europe Limited
Unaudited Filleted Accounts
30 December 2023
Registered number
06968397
5G Technologies Europe Limited
Registered number: 06968397
Balance Sheet
as at 30 December 2023
2023 2022
£ £
Fixed assets 96,991 193,981
Current assets 134 134
Creditors: amounts falling due within one year (60,058) (57,650)
Net current liabilities (59,924) (57,516)
Total assets less current liabilities 37,067 136,465
Creditors: amounts falling due after more than one year (279,182) (279,183)
Accruals and deferred income (402) (762)
Net liabilities (242,517) (143,479)
Capital and reserves (242,517) (143,479)
Average number of employees 3 3
Going concern
The accounts have been prepared on the going concern basis, which assumes that the company will continue in operating existence for the foreseeable future. At the balance sheet date the company had net liabilities of £242517 (2022- £143,479). Without appropriate continuing support, the going concern basis may be invalid and adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities respectively. However, since the company's liabilities include £258,961 owed to its parent company and the parent has confirmed its continuing support, the directors are satisfied that the company has sufficient support to enable it to pay its debts as they fall due and consequently they believe that the going concern basis is appropriate.
The company is a private company limited by shares and incorporated in England. Its registered office is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Palamandai Anantha Narayanan Seshan
Director
Approved by the board on 26 November 2024
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