Registered number
07726165
Technomine Uk Limited
Filleted Accounts
31 December 2024
Technomine Uk Limited
Registered number: 07726165
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 117
Current assets
Debtors 4 2,201 12,806
Cash at bank and in hand 220,901 128,614
223,102 141,420
Creditors: amounts falling due within one year 5 (83,512) (82,422)
Net current assets 139,590 58,998
Total assets less current liabilities 139,590 59,115
Provisions for liabilities - (29)
Net assets 139,590 59,086
Capital and reserves
Called up share capital 110 2
Profit and loss account 139,480 59,084
Shareholders' funds 139,590 59,086
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kunal Pankaj Naik
Director
Approved by the board on 15 August 2025
Technomine Uk Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,561
At 31 December 2024 1,561
Depreciation
At 1 January 2024 1,444
Charge for the year 117
At 31 December 2024 1,561
Net book value
At 31 December 2024 -
At 31 December 2023 117
4 Debtors 2024 2023
£ £
Trade debtors 426 720
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 10,650
Other debtors 1,775 1,436
2,201 12,806
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 2,115
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,000 30,041
Taxation and social security costs 48,743 27,858
Other creditors 19,769 22,408
83,512 82,422
6 Related party transactions
The other cost are the fees of £216,819 (2023: £106,094) paid the Technomine BPO a company under the control of Mr Kunal Pankaj Naik and Mr Viral Pankaj Naik.
7 Controlling party
The company is under the joint control of Mr Kunal Pankaj Nair and Mr Viral Pankaj Naik by virtue of their shareholding in the issued share capital of the company.
8 Other information
Technomine Uk Limited is a private company limited by shares and incorporated in England. Its registered office is:
1B, First Floor
142 Johnson Street
Southall
Middlesex
UB2 5FD
Technomine Uk Limited 07726165 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Kunal Pankaj Naik No description of principal activity 07726165 2023-01-01 2023-12-31 07726165 core:WithinOneYear 2023-12-31 07726165 core:ShareCapital 2023-12-31 07726165 core:RetainedEarningsAccumulatedLosses 2023-12-31 07726165 2024-01-01 2024-12-31 07726165 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07726165 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07726165 bus:Director40 2024-01-01 2024-12-31 07726165 1 2024-01-01 2024-12-31 07726165 2 2024-01-01 2024-12-31 07726165 core:PlantMachinery 2024-01-01 2024-12-31 07726165 countries:England 2024-01-01 2024-12-31 07726165 bus:FRS102 2024-01-01 2024-12-31 07726165 bus:FilletedAccounts 2024-01-01 2024-12-31 07726165 2024-12-31 07726165 core:WithinOneYear 2024-12-31 07726165 core:ShareCapital 2024-12-31 07726165 core:RetainedEarningsAccumulatedLosses 2024-12-31 07726165 core:PlantMachinery 2024-12-31 07726165 2023-12-31 07726165 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure