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Company Registration No. 08574619 (England and Wales)
TECHFRONT UK LIMITED Unaudited accounts for the year ended 31 March 2024
TECHFRONT UK LIMITED Unaudited accounts Contents
Page
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TECHFRONT UK LIMITED Company Information for the year ended 31 March 2024
Directors
Jatinder Somal Muralidharan, Manapakkam Srinivasan
Secretary
Komal Paul
Company Number
08574619 (England and Wales)
Registered Office
UNIT 16 DUNSTALL HILL TRADING ESTATE GORSEBROOK ROAD WOLVERHAMPTON WEST MIDLANDS WV6 0PJ ENGLAND
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TECHFRONT UK LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,683,592 
4,300,260 
Investments
2,740,298 
2,740,298 
6,423,890 
7,040,558 
Current assets
Debtors
518,178 
382,946 
Cash at bank and in hand
342,516 
5,969 
860,694 
388,915 
Creditors: amounts falling due within one year
(467,730)
(667,377)
Net current assets/(liabilities)
392,964 
(278,462)
Total assets less current liabilities
6,816,854 
6,762,096 
Creditors: amounts falling due after more than one year
(3,709,437)
(3,557,399)
Net assets
3,107,417 
3,204,697 
Capital and reserves
Called up share capital
5,772,548 
5,772,548 
Profit and loss account
(2,665,131)
(2,567,851)
Shareholders' funds
3,107,417 
3,204,697 
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.
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 18 January 2025 and were signed on its behalf by
Jatinder Somal Director Company Registration No. 08574619
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TECHFRONT UK LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TECHFRONT UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08574619. The registered office is UNIT 16 DUNSTALL HILL TRADING ESTATE, GORSEBROOK ROAD, WOLVERHAMPTON, WEST MIDLANDS, WV6 0PJ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
Assume 10 Years Useful Life
Computer equipment
Assume 3 Years Useful Life
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
7,794,574 
20,294 
7,814,868 
At 31 March 2024
7,794,574 
20,294 
7,814,868 
Depreciation
At 1 April 2023
3,494,314 
20,294 
3,514,608 
Charge for the year
616,668 
- 
616,668 
At 31 March 2024
4,110,982 
20,294 
4,131,276 
Net book value
At 31 March 2024
3,683,592 
- 
3,683,592 
At 31 March 2023
4,300,260 
- 
4,300,260 
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TECHFRONT UK LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
2,740,298 
Valuation at 31 March 2024
2,740,298 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
518,178 
382,946 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
71,988 
VAT
69,302 
11,570 
Trade creditors
334,725 
364,249 
Taxes and social security
64,117 
10,512 
Other creditors
(1,911)
207,561 
Accruals
1,497 
1,497 
467,730 
667,377 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,709,437 
3,557,399 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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