Registered number
09394161
Infotel UK Consulting Ltd
Filleted Accounts
31 December 2024
Infotel UK Consulting Ltd
Registered number: 09394161
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,521 37,658
Investments 4 1,042 1,042
30,563 38,700
Current assets
Debtors 5 1,736,022 2,167,113
Cash at bank and in hand 1,974,460 1,323,540
3,710,482 3,490,653
Creditors: amounts falling due within one year 6 (918,545) (1,103,556)
Net current assets 2,791,937 2,387,097
Total assets less current liabilities 2,822,500 2,425,797
Provisions for liabilities (7,380) (8,123)
Net assets 2,815,120 2,417,674
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,815,020 2,417,574
Shareholders' funds 2,815,120 2,417,674
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Nayyar
Director
Approved by the board on 21 January 2025
Infotel UK Consulting Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 5 years
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 33 32
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 102,789
Additions 1,970
At 31 December 2024 104,759
Depreciation
At 1 January 2024 65,131
Charge for the year 10,107
At 31 December 2024 75,238
Net book value
At 31 December 2024 29,521
At 31 December 2023 37,658
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 1,042
At 31 December 2024 1,042
5 Debtors 2024 2023
£ £
Trade debtors 1,335,596 1,742,598
Amounts owed by group undertakings and undertakings in which the company has a participating interest 400,000 400,000
Other debtors 426 24,515
1,736,022 2,167,113
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 539,143 761,211
Taxation and social security costs 11,445 103,073
Other creditors 367,957 239,272
918,545 1,103,556
7 Controlling party
Infotel SA, holds 51% of the company shares, 48% are held by Smurk Inc. limited, and 1% held by M Nayyar. During the accounting period the company was managed by M Nayyar who is the managing director.
8 Other information
Infotel UK Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor Karmjit House
Balliol Business Park
Benton Lane
Newcastle upon Tyne
NE12 8EW
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