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REGISTERED NUMBER: 13230436 (England and Wales)















TELECOM TOWERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

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


TELECOM TOWERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Director: Mrs G Miraldes





Registered office: Old School House
Holyhead Road
Chirk
Wrexham
LL14 5NA





Registered number: 13230436 (England and Wales)





Accountants: Xeinadin North West Ltd
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB

TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,203 1,365

Current assets
Debtors 5 844 1,309
Cash at bank 942 81
1,786 1,390
Creditors
Amounts falling due within one year 6 2,558 2,488
Net current liabilities (772 ) (1,098 )
Total assets less current liabilities 431 267

Provisions for liabilities 229 259
Net assets 202 8

Capital and reserves
Called up share capital 1 1
Retained earnings 201 7
202 8

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 director acknowledges her 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.

TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





Mrs G Miraldes - Director


TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Telecom Towers Ltd 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.
Computer equip - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. Employees and directors

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

TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets
Computer
equip
£   
Cost
At 1 April 2023 1,783
Additions 139
At 31 March 2024 1,922
Depreciation
At 1 April 2023 418
Charge for year 301
At 31 March 2024 719
Net book value
At 31 March 2024 1,203
At 31 March 2023 1,365

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 844 1,309

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 1,298 1,228
Other creditors 1,260 1,260
2,558 2,488

7. Director's 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
£    £   
Mrs G Miraldes
Balance outstanding at start of year 909 2,665
Amounts advanced 1,544 3,034
Amounts repaid (2,008 ) (4,790 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 445 909

TELECOM TOWERS LTD (REGISTERED NUMBER: 13230436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Director's advances, credits and guarantees - continued

Amounts advanced in the year are made up of numerous expenses paid on behalf of the director by the company during the year.

Amounts repaid are made up of expenses paid by the director on behalf of the company.

The balance of the loan is interest free and has been cleared by way of additional dividends credited since the year end.


8. Related party disclosures

Included in other debtors, is a loan balance with The Phone Mast Company Limited. A company in which the director is a shareholder. As at 31st March 2024 the balance of this loan account was £400 (£400 in 2023).

The loan is interest free and repayable on demand.