Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09248318 Mr Dileep Kaluaratchie Ms Inga Kaluaratchie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09248318 2023-10-31 09248318 2024-10-31 09248318 2023-11-01 2024-10-31 09248318 frs-core:CurrentFinancialInstruments 2024-10-31 09248318 frs-core:ComputerEquipment 2024-10-31 09248318 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09248318 frs-core:ComputerEquipment 2023-10-31 09248318 frs-core:ShareCapital 2024-10-31 09248318 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09248318 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09248318 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09248318 frs-bus:SmallEntities 2023-11-01 2024-10-31 09248318 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09248318 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09248318 frs-bus:Director1 2023-11-01 2024-10-31 09248318 frs-bus:Director2 2023-11-01 2024-10-31 09248318 frs-countries:EnglandWales 2023-11-01 2024-10-31 09248318 2022-10-31 09248318 2023-10-31 09248318 2022-11-01 2023-10-31 09248318 frs-core:CurrentFinancialInstruments 2023-10-31 09248318 frs-core:ShareCapital 2023-10-31 09248318 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09248318
Tech Generation Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09248318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,514 4,008
2,514 4,008
CURRENT ASSETS
Debtors 5 272 10
Cash at bank and in hand 1,395 2,006
1,667 2,016
Creditors: Amounts Falling Due Within One Year 6 (11,764 ) (11,732 )
NET CURRENT ASSETS (LIABILITIES) (10,097 ) (9,716 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,583 ) (5,708 )
NET LIABILITIES (7,583 ) (5,708 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (7,585 ) (5,710 )
SHAREHOLDERS' FUNDS (7,583) (5,708)
Page 1
Page 2
For the year ending 31 October 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dileep Kaluaratchie
Director
04/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tech Generation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09248318 . The registered office is Dalton House, 60 Windsor Avenue, London, SW19 2RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25 % Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 5,977
As at 31 October 2024 5,977
Depreciation
As at 1 November 2023 1,969
Provided during the period 1,494
As at 31 October 2024 3,463
Net Book Value
As at 31 October 2024 2,514
As at 1 November 2023 4,008
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 270 -
Other debtors 2 2
Corporation tax recoverable assets - 1
VAT - 7
272 10
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,434 7,581
VAT 209 -
Directors' loan accounts 5,121 4,151
11,764 11,732
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
Page 4