Technowatt Projects and Systems Limited

Technowatt Projects and Systems Limited
Registered number:		06456347
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		2,104			2,300
Investments	4		1,000			1,000
			3,104			3,300

Current assets
Debtors	5	188,631			151,812
Cash at bank and in hand		12			1,738
		188,643			153,550

Creditors: amounts falling due within one year	6	(91,544)			(38,928)

Net current assets			97,099			114,622

Total assets less current liabilities			100,203			117,922

Creditors: amounts falling due after more than one year	7		(132,734)			(148,415)



Net liabilities			(32,531)			(30,493)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(32,631)			(30,593)

Shareholders' funds			(32,531)			(30,493)

The director is 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 director acknowledges his 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.




Dr Krishnan Nair Pradeepkumar
Director
Approved by the board on 30 September 2025

Technowatt Projects and Systems 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:

	Vehicle			over 4 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.


	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.


	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Plant and Machinery		Fixture and Fittings etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	189,020		17,131		2,525		208,676
	Additions	-		715		-		715
	At 31 December 2024	189,020		17,846		2,525		209,391

	Depreciation
	At 1 January 2024	189,020		16,725		631		206,376
	Charge for the year	-		279		632		911
	At 31 December 2024	189,020		17,004		1,263		207,287

	Net book value
	At 31 December 2024	-		842		1,262		2,104
	At 31 December 2023	-		406		1,894		2,300


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024							1,000

	At 31 December 2024							1,000


5	Debtors					2024		2023
£							£

	Trade debtors					96,538		40,890
	Other debtors					92,093		110,922
						188,631		151,812


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					12,671		14,611
	Halifax Mastercard					-		506
	Capital on Tap					46,527		22,386
	Trade creditors					32,347		1,424
	Other creditors					(1)		1
						91,544		38,928


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					73,127		72,377
	Other creditors					59,607		76,038
						132,734		148,415


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Dr Krishnan Nair Pradeepkumar
	[Loan 1]	102,887		92,030		(102,887)		92,030

		102,887		92,030		(102,887)		92,030


9	Related party transactions					2024		2023

	Dr Krishna Nair Pradeepkumar					92,030		102,887
	[Loan 1]

10	Controlling party

	During the year the company remained wholly under the control of director.


11	Other information

	Technowatt Projects and Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Brook Rise
	Morley
	Leeds
	LS27 7FR