Silverfin false false 31/12/2024 01/01/2024 31/12/2024 L P Clarke 01/01/2013 J Moors 06/04/2023 P R Andrews 01/09/2007 07 March 2025 The principal activity of the Company during the financial year was telecommunications. 04300144 2024-12-31 04300144 bus:Director1 2024-12-31 04300144 bus:Director2 2024-12-31 04300144 bus:Director3 2024-12-31 04300144 2023-12-31 04300144 core:CurrentFinancialInstruments 2024-12-31 04300144 core:CurrentFinancialInstruments 2023-12-31 04300144 core:ShareCapital 2024-12-31 04300144 core:ShareCapital 2023-12-31 04300144 core:RetainedEarningsAccumulatedLosses 2024-12-31 04300144 core:RetainedEarningsAccumulatedLosses 2023-12-31 04300144 core:Vehicles 2023-12-31 04300144 core:OfficeEquipment 2023-12-31 04300144 core:Vehicles 2024-12-31 04300144 core:OfficeEquipment 2024-12-31 04300144 core:CostValuation 2023-12-31 04300144 core:CostValuation 2024-12-31 04300144 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 04300144 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 04300144 bus:OrdinaryShareClass1 2024-12-31 04300144 2024-01-01 2024-12-31 04300144 bus:FilletedAccounts 2024-01-01 2024-12-31 04300144 bus:SmallEntities 2024-01-01 2024-12-31 04300144 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04300144 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04300144 bus:Director1 2024-01-01 2024-12-31 04300144 bus:Director2 2024-01-01 2024-12-31 04300144 bus:Director3 2024-01-01 2024-12-31 04300144 core:Vehicles 2024-01-01 2024-12-31 04300144 core:OfficeEquipment 2024-01-01 2024-12-31 04300144 2023-01-01 2023-12-31 04300144 core:Subsidiary1 2024-01-01 2024-12-31 04300144 core:Subsidiary1 1 2024-01-01 2024-12-31 04300144 core:Subsidiary1 1 2023-01-01 2023-12-31 04300144 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04300144 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 04300144 (England and Wales)

TELECOM 2000 LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TELECOM 2000 LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TELECOM 2000 LIMITED

BALANCE SHEET

As at 31 December 2024
TELECOM 2000 LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 5,226 10,204
Investments 4 80,000 80,000
85,226 90,204
Current assets
Stocks 5 80,280 42,807
Debtors 6 614,715 516,568
Cash at bank and in hand 208,304 150,492
903,299 709,867
Creditors: amounts falling due within one year 7 ( 606,282) ( 502,747)
Net current assets 297,017 207,120
Total assets less current liabilities 382,243 297,324
Net assets 382,243 297,324
Capital and reserves
Called-up share capital 8 8,400 8,400
Profit and loss account 373,843 288,924
Total shareholder's funds 382,243 297,324

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Telecom 2000 Limited (registered number: 04300144) were approved and authorised for issue by the Board of Directors on 07 March 2025. They were signed on its behalf by:

L P Clarke
Director
TELECOM 2000 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TELECOM 2000 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Telecom 2000 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, United Kingdom. The principal place of business is Minster Industrial Estate, Minster Park, Collingwood Rd, West Moors, Wimborne BH21 6QF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 9

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 January 2024 16,745 99,241 115,986
Disposals ( 16,745) 0 ( 16,745)
At 31 December 2024 0 99,241 99,241
Accumulated depreciation
At 01 January 2024 13,568 92,214 105,782
Charge for the financial year 259 1,801 2,060
Disposals ( 13,827) 0 ( 13,827)
At 31 December 2024 0 94,015 94,015
Net book value
At 31 December 2024 0 5,226 5,226
At 31 December 2023 3,177 7,027 10,204

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 80,000
At 31 December 2024 80,000
Carrying value at 31 December 2024 80,000
Carrying value at 31 December 2023 80,000

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2024
Ownership
31.12.2023
Smart Connect Limited Towngate House Towngate House, 2-8 Parkstone Road, Poole, Dorset, England, BH15 2PW communication products and service Ordinary 100.00% 100.00%

5. Stocks

2024 2023
£ £
Stocks 8,975 8,909
Work in progress 71,305 33,898
80,280 42,807

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

6. Debtors

2024 2023
£ £
Trade debtors 469,588 398,471
Amounts owed by Group undertakings 5,200 0
Amounts owed by Parent undertakings 48,749 48,749
Other debtors 91,178 69,348
614,715 516,568

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 137,953 102,145
Taxation and social security 218,437 167,561
Other creditors 249,892 233,041
606,282 502,747

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
8,400 Ordinary shares of £ 1.00 each 8,400 8,400

9. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 91,232 40,456

10. Ultimate controlling party

Parent Company:

T2K Holdings Ltd