Company registration number 08592820 (England and Wales)
TOUCH COMMUNICATIONS (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TOUCH COMMUNICATIONS (UK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TOUCH COMMUNICATIONS (UK) LIMITED (REGISTERED NUMBER: 08592820)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
273
364
Current assets
Debtors
4
29,861
27,672
Cash at bank and in hand
407
3,920
30,268
31,592
Creditors: amounts falling due within one year
5
(23,414)
(23,886)
Net current assets
6,854
7,706
Total assets less current liabilities
7,127
8,070
Creditors: amounts falling due after more than one year
6
(6,577)
(7,566)
Net assets
550
504
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
540
494
Total equity
550
504
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TOUCH COMMUNICATIONS (UK) LIMITED (REGISTERED NUMBER: 08592820)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 March 2025
Mrs P J McQue
Director
TOUCH COMMUNICATIONS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Touch Communications (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hillside Cottage, Hosey Hill, Westerham, Kent, TN16 1TB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
TOUCH COMMUNICATIONS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 and 31 March 2024
2,373
Depreciation and impairment
At 1 April 2023
2,009
Depreciation charged in the year
91
At 31 March 2024
2,100
Carrying amount
At 31 March 2024
273
At 31 March 2023
364
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,439
Other debtors
29,861
22,233
29,861
27,672
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,275
1,275
Trade creditors
1,408
Taxation and social security
19,584
18,632
Other creditors
2,555
2,571
23,414
23,886
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,577
7,566
TOUCH COMMUNICATIONS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
10
10
10
10
8
Financial commitments, guarantees and contingent liabilities
During a previous year, the company borrowed £10,000 from its bankers for a bounce back loan. As part of its loan scheme the UK government has guaranteed the advance and will pay the interest and fees due for the first 12 months. At the balance sheet date, the outstanding balance was £7,852 (2023: £8,841).
9
Related party transactions
Included within other debtors is a balance of £27,358 (2023: £20,278) owed from a company with common directors.