TIU LIMITED

Company Registration Number:
11003866 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

TIU LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

TIU LIMITED

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of TIU Limited during the year continued to be the provision of high-quality telecommunication services, specialising in the wholesale trade of international VoIP minutes and SIP-based phone solutions for both residential and business clients. Alongside this, the company has been engaged in IT services including software development, cloud solutions, and data security, as well as card payment processing support for small businesses across the UK. In addition, the company has expanded into the creation of IQ-based games and related digital products to broaden its commercial portfolio. These activities together reflect the company’s strategy of combining innovation with customer-focused services to ensure sustainable growth and competitiveness in its key markets.



Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

Tanveer Haider Gill


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 July 2024

And signed on behalf of the board by:
Name: Tanveer Haider Gill
Status: Director

TIU LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 1,500 1,500
Fixed assets
Intangible assets: 3 373,201 342,679
Tangible assets: 4 32,092 38,980
Total fixed assets: 405,293 381,659
Current assets
Cash at bank and in hand: 19,328 147,092
Total current assets: 19,328 147,092
Net current assets (liabilities): 19,328 147,092
Total assets less current liabilities: 426,121 530,251
Creditors: amounts falling due after more than one year: 5 ( 50,000 ) ( 50,000 )
Total net assets (liabilities): 376,121 480,251
Capital and reserves
Called up share capital: 100 100
Other reserves: 333,646 332,146
Profit and loss account: 42,375 148,005
Total Shareholders' funds: 376,121 480,251

The notes form part of these financial statements

TIU LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Tanveer Haider Gill
Status: Director

The notes form part of these financial statements

TIU LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TIU LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 19 19

TIU LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 342,679 342,679
Additions 30,522 30,522
Disposals
Revaluations
Transfers
At 31 October 2023 373,201 373,201
Amortisation
At 1 November 2022 0 0
Charge for year
On disposals
Other adjustments
At 31 October 2023 0 0
Net book value
At 31 October 2023 373,201 373,201
At 31 October 2022 342,679 342,679

TIU LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 14,225 7,147 3,608 14,000 38,980
Additions
Disposals ( 6,888 ) ( 6,888 )
Revaluations
Transfers
At 31 October 2023 14,225 259 3,608 14,000 32,092
Depreciation
At 1 November 2022
Charge for year
On disposals
Other adjustments
At 31 October 2023
Net book value
At 31 October 2023 14,225 259 3,608 14,000 32,092
At 31 October 2022 14,225 7,147 3,608 14,000 38,980

TIU LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Total 50,000 50,000