Company Registration No. 5517589 (England and Wales)
Telcocentric Limited
Unaudited accounts
for the year ended 31 July 2024
Telcocentric Limited
Unaudited accounts
Contents
Telcocentric Limited
Company Information
for the year ended 31 July 2024
Directors
P Marjoram
R Bucktowar
Company Number
5517589 (England and Wales)
Registered Office
Suite 9 First Floor, The Atrium
31 Church Road
Ashford
Middlesex
TW15 3UD
England
Accountants
JSVM Limited
Certified Public Accountants
23a Dawkins Road
Poole
Dorset
BH15 4JY
Telcocentric Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
12,037
13,080
Creditors: amounts falling due within one year
(30,373)
(45,665)
Net current liabilities
(9,369)
(14,691)
Total assets less current liabilities
(8,665)
(13,283)
Creditors: amounts falling due after more than one year
(11,121)
(12,842)
Net liabilities
(19,786)
(26,125)
Called up share capital
6
6
Profit and loss account
(19,792)
(26,131)
Shareholders' funds
(19,786)
(26,125)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by
R Bucktowar
Director
Company Registration No. 5517589
Telcocentric Limited
Notes to the Accounts
for the year ended 31 July 2024
Telcocentric Limited is a private company, limited by shares, registered in England and Wales, registration number 5517589. The registered office is Suite 9 First Floor, The Atrium, 31 Church Road, Ashford, Middlesex, TW15 3UD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Annual Reducing Balance
Computer equipment
4 Years Straight Line
Intangible fixed assets are included at cost less accumulated amortisation.
Intellectual property has been capitalised at cost and will be subsequently carried at cost less accumulated amortisations and accumulated impairment losses.
The useful life and the value of the capitalised intellectual property assets are assessed for impairment annually.
Turnover represents net invoiced sales of software licences, support and maintenance contracts, and is recognised in accordance with the period of supply of the contract, excluding discounts, rebates and value added tax.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Telcocentric Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
2,166
11,528
13,694
At 31 July 2024
2,166
11,528
13,694
At 1 August 2023
1,306
10,980
12,286
Charge for the year
430
274
704
At 31 July 2024
1,736
11,254
12,990
At 31 July 2024
430
274
704
At 31 July 2023
860
548
1,408
Amounts falling due within one year
Accrued income and prepayments
-
155
Other debtors
8,967
11,123
Telcocentric Limited
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,515
2,517
Trade creditors
23,224
24,128
Taxes and social security
1,652
11,390
Loans from directors
1,033
877
The directors' loan accounts are interest free and repayable on demand.
8
Creditors: amounts falling due after more than one year
2024
2023
The Director's loan account is interest free and repayable on demand
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).