Teknitive Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11532576

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	55,507		13,458
Cash at bank and in hand		322		310

		55,829		13,768
Creditors: Amounts Falling Due Within One Year	6	(1,080 )		(5,944 )

NET CURRENT ASSETS (LIABILITIES)			54,749		7,824

TOTAL ASSETS LESS CURRENT LIABILITIES			54,749		7,824

Creditors: Amounts Falling Due After More Than One Year	7		(5,309 )		(9,113 )

NET ASSETS/(LIABILITIES)			49,440		(1,289 )

CAPITAL AND RESERVES
Called up share capital	8		205,610		205,610
Profit and Loss Account			(156,170 )		(206,899 )

SHAREHOLDERS' FUNDS			49,440		(1,289)

For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Biju SURESH BABU

Director

11/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Teknitive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11532576 . The registered office is 21 Cairn Avenue, London, W5 5HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1

	1	1

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2023	8,628

As at 31 August 2024	8,628

Depreciation
As at 1 September 2023	8,628

As at 31 August 2024	8,628

Net Book Value
As at 31 August 2024	-

As at 1 September 2023	-

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Teknitive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	221	-
Amounts owed by other participating interests	55,286	13,458

	55,507	13,458

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,080	1,140
VAT	-	4,804

	1,080	5,944

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,309	9,113

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	205,610	205,610

9. Dividends

10. Related Party Transactions

Biju Suresh Babu has caused investments to be made by a third party, Fiorano Software Pte. Ltd of Level 42, Suntec Tower Three, 8 Temasek Boulevard - 038988, Singapore, totalling £205,509.58 in cash directly into Teknitive Limited. These investments, made between 1 October 2018 and 30 June 2021, were made directly into Teknitive Limited as a result of Biju Suresh Babu's activity in Teknitive Limited.

This money was not invested by way of Director’s loans, and has not been invested in any residential accommodation, property development or property management.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Biju SURESH BABU by virtue of his ownership of 100% of the issued share capital in the company.

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