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REGISTERED NUMBER: 07993747 (England and Wales)
















Financial Statements for the Year Ended 30 April 2024

for


Techtopay Limited


Techtopay Limited (Registered number: 07993747)







Contents of the Financial Statements

for the Year Ended 30 April 2024





Page



Company Information  

1



Statement of Financial Position  

2



Notes to the Financial Statements  

3




Techtopay Limited


Company Information

for the Year Ended 30 April 2024









DIRECTORS:

K Akmatov


K Sahin







REGISTERED OFFICE:

124 City Road


London


EC1V 2NX







REGISTERED NUMBER:

07993747 (England and Wales)







ACCOUNTANTS:

Georgiou & Prasanna LLP


Block E, 2nd Floor


286a Chase Road


London


N14 6HF


Techtopay Limited (Registered number: 07993747)


Statement of Financial Position

30 April 2024



30.4.24


30.4.23


Notes

€'000

€'000


CURRENT ASSETS

Debtors

4

1,083


1,111



Cash at bank and in hand

362


1,286



1,445


2,397



CREDITORS

Amounts falling due within one year

5

(196

)

(244

)


NET CURRENT ASSETS

1,249


2,153



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,249


2,153




CAPITAL AND RESERVES

Share capital

122


122



Retained earnings

1,127


2,031



1,249


2,153




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.


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:






K Sahin - Director



Techtopay Limited (Registered number: 07993747)


Notes to the Financial Statements

for the Year Ended 30 April 2024


1.

STATUTORY INFORMATION



Techtopay 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 section on page 1.


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.


Taxation

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

Current or deferred 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 statement of financial position date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


Foreign currencies

The financial statements are presented in Euros.

The company has various operational currencies. Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.


Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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.


Techtopay Limited (Registered number: 07993747)


Notes to the Financial Statements - continued

for the Year Ended 30 April 2024


2.

ACCOUNTING POLICIES - continued



Going concern


The financial statements have been prepared using the going concern basis as the directors are satisfied that the company has the resources to continue in business for the foreseeable future, which has been taken as twelve months from the date of approval of these financial statements.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 13 (2023 - 13 ) .


4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

€'000

€'000



Trade debtors

939


1,039




Other debtors

144


72



1,083


1,111




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

€'000

€'000



Trade creditors

123


112




Taxation and social security

-


27




Other creditors

73


105



196


244