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Registration number: 10109643

Technologies Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Technologies Systems Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

Technologies Systems Limited

Company Information

Director

Mr Juan Francisco Capellas Cabanes

Registered office

8th Floor
1 Southampton Street
London
United Kingdom
WC2R 0LR

Accountants

Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
United Kingdom
WC2R 0LR

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Technologies Systems Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Technologies Systems Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Technologies Systems Limited, as a body, in accordance with the terms of our engagement letter dated 4 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Technologies Systems Limited and state those matters that we have agreed to state to the Board of Directors of Technologies Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technologies Systems Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Technologies Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Technologies Systems Limited. You consider that Technologies Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Technologies Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
United Kingdom
WC2R 0LR

 

Technologies Systems Limited

Profit and Loss Account for the Year Ended 31 December 2024

2024

2023

Turnover

51,120

52,057

Gross profit

51,120

52,057

Administrative expenses

(10,262)

(7,487)

Operating profit

40,858

44,570

Profit before tax

40,858

44,570

Tax on profit

(10,436)

(10,493)

Profit for the financial year

30,422

34,077

The above results were derived from continuing operations.

The Company has no recognised gains or losses for the year other than the results above.

 

Technologies Systems Limited

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024

2023

Profit for the year

30,422

34,077

Total comprehensive income for the year

30,422

34,077

 

Technologies Systems Limited

(Registration number: 10109643)
Balance Sheet as at 31 December 2024

Note

2024

2023

Current assets

 

Debtors

4

429,202

574,799

Cash at bank and in hand

 

44,102

8,174

 

473,304

582,973

Creditors: Amounts falling due within one year

5

(94,777)

(89,868)

Net assets

 

378,527

493,105

Capital and reserves

 

Called up share capital

6

124

124

Retained earnings

378,403

492,981

Shareholders' funds

 

378,527

493,105

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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2025
 

Mr Juan Francisco Capellas Cabanes
Director

   
     
 

Technologies Systems Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital

Retained earnings

Total

At 1 January 2023

124

458,904

459,028

Profit for the year

-

34,077

34,077

At 31 December 2023

124

492,981

493,105


 

Share capital

Retained earnings

Total

At 1 January 2024

124

492,981

493,105

Profit for the year

-

30,422

30,422

Dividends

-

(145,000)

(145,000)

At 31 December 2024

124

378,403

378,527

 

Technologies Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8th Floor
1 Southampton Street
London
United Kingdom
WC2R 0LR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared and presented in Euros (€) which is the functional currency of the Company. These financial statements are rounded to the nearest whole €.

Going concern

The Director has assessed the appropriateness of adopting the going concern basis of accounting and has concluded after reviewing the results of the year, and the Company's net asset position, that the Company is a going concern and the adoption of the going concern basis is appropriate.

Judgements

No significant judgements were made by management in the preparation of the financial statements.

 

Technologies Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:

The amount of revenue can be reliably measured; and

It is probable that future economic benefits will flow to the entity; and

Specific criteria have been met for each of the Company's activities.

The Company operates as an agent and the revenue recognised is on a net basis as a share of commission that is received in respect of the services it performs as an agent. After the Company's commission is apportioned, the net consideration received is due to, and paid to, the principal.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Technologies Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024

2023

Trade debtors

51,120

52,057

Prepayments

-

2,307

Other debtors

378,082

520,435

 

429,202

574,799

 

Technologies Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

2024

2023

Due within one year

Trade creditors

-

7,093

Taxation and social security

10,436

10,493

Accruals

3,780

-

Other creditors

80,561

72,282

94,777

89,868

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

No.

Ordinary shares of £1 each

100

124

100

124