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REGISTERED NUMBER: 10542891 (England and Wales)


















Techmyneni Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Techmyneni Solutions Limited (Registered number: 10542891)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techmyneni Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S Myneni
Mrs S Venigandla





REGISTERED OFFICE: 27 Dennis Street
Eastleaze
Swindon
Wiltshire
SN5 7FU





REGISTERED NUMBER: 10542891 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Techmyneni Solutions Limited (Registered number: 10542891)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,563 1,878

CURRENT ASSETS
Debtors 5 28,682 39,612
Cash at bank 87,638 75,685
116,320 115,297
CREDITORS
Amounts falling due within one year 6 (22,303 ) (36,654 )
NET CURRENT ASSETS 94,017 78,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,580

80,521

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 123,480 80,421
SHAREHOLDERS' FUNDS 123,580 80,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Techmyneni Solutions Limited (Registered number: 10542891)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:




Mr S Myneni - Director



Mrs S Venigandla - Director


Techmyneni Solutions Limited (Registered number: 10542891)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Techmyneni Solutions Limited 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.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Techmyneni Solutions Limited (Registered number: 10542891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,093 - - 838 2,931
Additions 900 98 34,408 249 35,655
Disposals - (98 ) - (99 ) (197 )
At 31 March 2024 2,993 - 34,408 988 38,389
DEPRECIATION
At 1 April 2023 776 - - 277 1,053
Charge for year 598 - 6,882 326 7,806
Eliminated on disposal - - - (33 ) (33 )
At 31 March 2024 1,374 - 6,882 570 8,826
NET BOOK VALUE
At 31 March 2024 1,619 - 27,526 418 29,563
At 31 March 2023 1,317 - - 561 1,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28,682 39,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 145 -
Taxation and social security 22,158 36,539
Other creditors - 115
22,303 36,654

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Techmyneni Solutions Limited (Registered number: 10542891)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr S Myneni
Balance outstanding at start of year 17,655 -
Amounts advanced 45 17,655
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,700 17,655