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REGISTERED NUMBER: 12632112 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

TERRIFIC SOLUTION UK LTD

TERRIFIC SOLUTION UK LTD (REGISTERED NUMBER: 12632112)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERRIFIC SOLUTION UK LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr T Hassan
Mr S M J Shah





REGISTERED OFFICE: Flat 39 De Havilland Square
Piper Way
Ilford
IG1 4DE





REGISTERED NUMBER: 12632112 (England and Wales)





ACCOUNTANTS: HM Accountax Ltd
Chartered Certified Accountants
86-90 Paul Street
Islington
London
EC2A 4NE

TERRIFIC SOLUTION UK LTD (REGISTERED NUMBER: 12632112)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 820,899 782,639

CURRENT ASSETS
Debtors 5 20,000 20,000
Cash at bank and in hand 174,922 21,416
194,922 41,416
CREDITORS
Amounts falling due within one year 6 501,597 504,362
NET CURRENT LIABILITIES (306,675 ) (462,946 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,224

319,693

CREDITORS
Amounts falling due after more than one year 7 496,203 312,332
NET ASSETS 18,021 7,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,921 7,261
18,021 7,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TERRIFIC SOLUTION UK LTD (REGISTERED NUMBER: 12632112)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:




Mr T Hassan - Director



Mr S M J Shah - Director


TERRIFIC SOLUTION UK LTD (REGISTERED NUMBER: 12632112)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Terrific Solution Uk Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 782,639
Additions 38,260
At 31 May 2024 820,899
NET BOOK VALUE
At 31 May 2024 820,899
At 31 May 2023 782,639

TERRIFIC SOLUTION UK LTD (REGISTERED NUMBER: 12632112)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,000 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 130,000 130,000
Other creditors 371,597 374,362
501,597 504,362

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 496,203 312,332