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Registered number: 13716632
Techsys Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13716632
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 100
100 100
CURRENT ASSETS
Debtors 5 1,019,001 1,386,001
Cash at bank and in hand 803,744 24,000
1,822,745 1,410,001
Creditors: Amounts Falling Due Within One Year 6 (656,516 ) (250,000 )
NET CURRENT ASSETS (LIABILITIES) 1,166,229 1,160,001
TOTAL ASSETS LESS CURRENT LIABILITIES 1,166,329 1,160,101
NET ASSETS 1,166,329 1,160,101
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 1,166,228 1,160,000
SHAREHOLDERS' FUNDS 1,166,329 1,160,101
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Michael Kayes
Director
13/03/2025
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
Techsys Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13716632 . The registered office is The Old Barn, Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Associates
£
Cost
As at 1 December 2023 100
As at 30 November 2024 100
Provision
As at 1 December 2023 -
As at 30 November 2024 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2024 100
As at 1 December 2023 100
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests - 386,000
Other debtors 1,019,001 1,000,001
1,019,001 1,386,001
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 655,000 250,000
Taxation and social security 1,516 -
656,516 250,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Michael Kayes 101 - - - -
The above loan is unsecured, interest free and repayable on demand.
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