Acorah Software Products - Accounts Production 16.2.800 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10798355 Mr T B Dimitrov Mr T B Dimitrov true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10798355 2023-09-30 10798355 2024-09-30 10798355 2023-10-01 2024-09-30 10798355 frs-core:Non-currentFinancialInstruments 2024-09-30 10798355 frs-core:ShareCapital 2024-09-30 10798355 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10798355 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10798355 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10798355 frs-bus:SmallEntities 2023-10-01 2024-09-30 10798355 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10798355 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10798355 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10798355 frs-bus:OrdinaryShareClass1 2024-09-30 10798355 1 2023-10-01 2024-09-30 10798355 frs-bus:Director1 2023-10-01 2024-09-30 10798355 frs-countries:EnglandWales 2023-10-01 2024-09-30 10798355 2022-09-30 10798355 2023-09-30 10798355 2022-10-01 2023-09-30 10798355 frs-core:CurrentFinancialInstruments 2023-09-30 10798355 frs-core:Non-currentFinancialInstruments 2023-09-30 10798355 frs-core:ShareCapital 2023-09-30 10798355 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10798355 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30
Registered number: 10798355
Teo Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10798355
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 - 19,800
Cash at bank and in hand 96 1,735
96 21,535
Creditors: Amounts Falling Due Within One Year 5 (9,607 ) (965 )
NET CURRENT ASSETS (LIABILITIES) (9,511 ) 20,570
TOTAL ASSETS LESS CURRENT LIABILITIES (9,511 ) 20,570
Creditors: Amounts Falling Due After More Than One Year 6 - (31,415 )
NET LIABILITIES (9,511 ) (10,845 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (9,611 ) (10,945 )
SHAREHOLDERS' FUNDS (9,511) (10,845)
For the year ending 30 September 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 T B Dimitrov
Director
31st March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Teo Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10798355 . The registered office is 465 High Road, London, N22 8JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statement has been prepared on the going concern basis.This assumes that the company will continue in operational existence for the foreseeable future .
At the year end 30 September 2024 the company's liabilities exceeded its assets.The director of the company has assurance in place to support the company financially and does not intend to withdraw his support of the company in the next twelve month.
The director therefore deemed it appropriate for the financial statements to be prepared on the going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors - 19,800
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 8
Other creditors 9,607 957
9,607 965
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 31,415
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 2
Page 3
8. Related Party Transactions
During the year, no dividend was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr T B Dimitrov by virtue of his ownership of 100% of the issued share capital in the company.
Page 3