Turnkey Telecom Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4289219

Turnkey Telecom Solutions Limited

Filleted Unaudited Financial Statements

31 December 2024

Turnkey Telecom Solutions Limited

Financial Statements

Year Ended 31st December 2024

Contents	Pages

Officers and Professional Advisers	1

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements	2

Statement of Financial Position	3 to 4

Notes to the Financial Statements	5 to 7

Turnkey Telecom Solutions Limited

Officers and Professional Advisers

Director	T. Martin

Registered Office	Middleborough House
	16 Middleborough
	Colchester
	Essex
	CO1 1QT

Accountants	Peyton Tyler Mears
	Chartered accountants
	Middleborough House
	16 Middleborough
	Colchester
	Essex
	CO1 1QT

Turnkey Telecom Solutions Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Turnkey Telecom Solutions Limited

Year Ended 31st December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Peyton Tyler Mears Chartered accountants

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

24 September 2025

Turnkey Telecom Solutions Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

Tangible assets	5		275,673	276,623

Current Assets

Debtors	6	6,625	6,815
Cash at bank and in hand		366,888	368,788
		---------	---------
		373,513	375,603

Creditors: amounts falling due within one year	7	65,904		75,501
		---------		---------
Net Current Assets			307,609	300,102
			---------	---------
Total Assets Less Current Liabilities			583,282	576,725

Creditors: amounts falling due after more than one year	8		84,770	91,996

Provisions

Taxation including deferred tax	606	843
	---------	---------
Net Assets	497,906	483,886
	---------	---------

Capital and Reserves

Called up share capital	100	100
Profit and loss account	497,806	483,786
	---------	---------
Shareholders Funds	497,906	483,886
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Turnkey Telecom Solutions Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

T. Martin
Director

Company registration number: 4289219

Turnkey Telecom Solutions Limited

Notes to the Financial Statements

Year Ended 31st December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible Assets

	Land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1st January 2024	273,250	991	24,747	298,988
Additions	–	–	1,160	1,160
	---------	----	--------	---------
At 31st December 2024	273,250	991	25,907	300,148
	---------	----	--------	---------
Depreciation
At 1st January 2024	–	991	21,374	22,365
Charge for the year	–	–	2,110	2,110
	---------	----	--------	---------
At 31st December 2024	–	991	23,484	24,475
	---------	----	--------	---------
Carrying amount
At 31st December 2024	273,250	–	2,423	275,673
	---------	----	--------	---------
At 31st December 2023	273,250	–	3,373	276,623
	---------	----	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	6,625	6,815
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	11,500	11,042
Trade creditors	19,079	30,449
Corporation tax	13,218	14,834
Social security and other taxes	3,438	3,886
Other creditors	18,669	15,290
	--------	--------
	65,904	75,501
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	84,770	91,996
	--------	--------