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31/12/2023
2023-12-31
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 24.0 - FRS102_2024
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xbrli:shares
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10763197
2023-01-01
2023-12-31
10763197
2023-12-31
10763197
2022-12-31
10763197
2022-01-01
2022-12-31
10763197
2022-12-31
10763197
2021-12-31
10763197
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2023-01-01
2023-12-31
10763197
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2023-01-01
2023-12-31
10763197
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2023-01-01
2023-12-31
10763197
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2023-01-01
2023-12-31
10763197
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2023-12-31
10763197
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2022-12-31
10763197
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2023-12-31
10763197
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2022-01-01
2022-12-31
10763197
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2023-01-01
2023-12-31
10763197
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2023-12-31
10763197
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2022-12-31
10763197
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2023-12-31
10763197
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2022-12-31
10763197
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2021-12-31
10763197
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2021-12-31
10763197
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2023-12-31
10763197
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2023-12-31
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2023-01-01
2023-12-31
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2023-01-01
2023-12-31
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2023-12-31
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2023-01-01
2023-12-31
Company registration number:
10763197
Technosoft Engineering UK Limited
Filleted financial statements
31 December 2023
Technosoft Engineering UK Limited
Contents
Directors and other information
Director's responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Technosoft Engineering UK Limited
Directors and other information
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Director |
Mr Vinodkumar Shirsath |
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Company number |
10763197 |
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Registered office |
Regus Manchester Business Park |
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3000 Aviator Way |
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Manchester |
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M22 5TG |
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Auditor |
Nagle James Associates Limited |
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Amba House, 4th Floor, |
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Kings Suite, 15 College Road |
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Harrow |
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Middlesex |
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HA1 1BA |
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Bankers |
Citibank NA |
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Citigroup Centre |
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Canada Square |
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London |
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Canary Wharf |
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E14 5LB |
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Technosoft Engineering UK Limited
Director's responsibilities statement
Year ended 31 December 2023
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Technosoft Engineering UK Limited
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
366,283 |
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200,935 |
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Cash at bank and in hand |
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132,033 |
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88,832 |
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_______ |
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_______ |
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498,316 |
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289,767 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
387,717) |
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(
233,779) |
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_______ |
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_______ |
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Net current assets |
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110,599 |
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55,988 |
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_______ |
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_______ |
Total assets less current liabilities |
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110,599 |
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55,988 |
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_______ |
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_______ |
Net assets |
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110,599 |
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55,988 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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110,598 |
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55,987 |
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_______ |
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_______ |
Shareholders funds |
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110,599 |
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55,988 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 April 2025
, and are signed on behalf of the board by:
Mr Vinodkumar Shirsath
Director
Company registration number:
10763197
Technosoft Engineering UK Limited
Statement of changes in equity
Year ended 31 December 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 January 2022 |
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1 |
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25,980 |
25,981 |
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Profit for the year |
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30,007 |
30,007 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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30,007 |
30,007 |
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_______ |
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_______ |
_______ |
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At 31 December 2022 and 1 January 2023 |
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1 |
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55,987 |
55,988 |
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Profit for the year |
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54,611 |
54,611 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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54,611 |
54,611 |
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_______ |
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_______ |
_______ |
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At 31 December 2023 |
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1 |
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110,598 |
110,599 |
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_______ |
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_______ |
_______ |
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Technosoft Engineering UK Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regus Manchester Business Park, 3000 Aviator Way, Manchester, M22 5TG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered cashflow requirements for the period 12 months from approval of the financial statements to assess the working capital needs of the company. This confims that the company will have sufficient working capital within the period reviewed and will be able to meet its liabilities as they fall due, subject to support of other group companies and its immediate parent company.Confirmation of such support has been received from the immediate parent company.Accordingly the directors believe it is appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
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25 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2022:
10
).
5.
Tangible assets
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Fixtures, fittings and equipment |
Total |
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£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
1,088 |
1,088 |
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_______ |
_______ |
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Depreciation |
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At 1 January 2023 and 31 December 2023 |
1,088 |
1,088 |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2023 |
- |
- |
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_______ |
_______ |
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At 31 December 2022 |
- |
- |
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_______ |
_______ |
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6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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348,266 |
183,169 |
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Amounts owed by group undertakings |
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10,415 |
- |
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Prepayments and accrued income |
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5,898 |
15,776 |
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Other debtors |
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1,704 |
1,990 |
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_______ |
_______ |
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366,283 |
200,935 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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223,960 |
106,043 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
22,553 |
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Accruals and deferred income |
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12,990 |
158 |
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Corporation tax |
|
16,883 |
7,039 |
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Social security and other taxes |
|
74,297 |
49,700 |
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Other creditors |
|
59,587 |
48,286 |
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_______ |
_______ |
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387,717 |
233,779 |
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_______ |
_______ |
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8.
Summary audit opinion
The auditor's report dated
25 April 2025
was unqualified.
The senior statutory auditor was
Kaushik Nathwani
for and on behalf of
Nagle James Associates Limited
9.
Related party transactions
The company has taken advantage of the exemption under FRS 102 Section 33.1A not to disclose transactions with the parent company.
The company's ultimate parent at the balance sheet date in which the results of the company are consolidated was Technocraft Industries (India) Limited , incorporated in India and its corporate address is at Technocraft House, A-25, Road No. 3, MIDC Industrial Estate, Andheri (E), Mumbai,400 093, Maharashtra, India.