Technology Solutions2 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10905889 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TECHNOLOGY SOLUTIONS2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Brennan

Mr G S Ghotra

REGISTERED OFFICE:

Unit 2 Lower Cape

Warwick

Warwickshire

CV34 5DA

REGISTERED NUMBER:

10905889 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

SOLICITORS:

Wright Hassall LLP

Olympus Avenue

Royal Leamington Spa

Warwickshire

CV34 6BF

FIXED ASSETS

Tangible assets

4

9,238

9,077

Investments

5

590,639

110,194

599,877

119,271

CURRENT ASSETS

Debtors

6

436,606

380,495

Cash at bank

210,513

740,537

647,119

1,121,032

CREDITORS

Amounts falling due within one year

7

233,579

242,355

NET CURRENT ASSETS

413,540

878,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,417

997,948

CREDITORS

Amounts falling due after more than one
year

8

(9,588

)

(20,105

)

PROVISIONS FOR LIABILITIES

(7,360

)

-

NET ASSETS

996,469

977,843

CAPITAL AND RESERVES

Called up share capital

83,000

Share premium

332,000

Retained earnings

581,469

562,843

996,469

977,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 13 September 2025 and were signed on its behalf by:

Mr G S Ghotra - Director

1.	STATUTORY INFORMATION

Technology Solutions2 Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 January 2024

29,751

Additions

5,401

At 31 December 2024

35,152

DEPRECIATION

At 1 January 2024

20,674

Charge for year

5,240

At 31 December 2024

25,914

NET BOOK VALUE

At 31 December 2024

9,238

At 31 December 2023

9,077

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 January 2024

52,027

58,167

110,194

Additions

-

448,462

Revaluations

-

31,983

At 31 December 2024

52,027

538,612

590,639

NET BOOK VALUE

At 31 December 2024

52,027

538,612

590,639

At 31 December 2023

52,027

58,167

110,194

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2023

-

11,767

Valuation in 2024

-

31,983

Cost

52,027

494,862

546,889

52,027

538,612

590,639

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

158,400

139,644

Other debtors

251,820

205,995

Deferred tax asset

-

1,323

Prepayments and accrued income

26,386

33,533

436,606

380,495

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

67,646

57,952

Bank Loan <1Yr

10,300

9,799

Tax

1,237

68,092

Social security and other taxes

36,733

41,107

Other creditors

4,191

9,956

Accruals and deferred income

113,472

55,449

233,579

242,355

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans >1Yr

9,588

20,105