REGISTERED NUMBER: 01380754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TECAPET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Shobhana Khimasia

Mrs K Khimasia Morgan

Mrs P P Khimasia-John

REGISTERED OFFICE:

Unitec House

2 Albert Place

Finchley

London

N3 1QB

REGISTERED NUMBER:

01380754 (England and Wales)

BANKERS:

Barclays Bank Plc

FIXED ASSETS

Tangible assets

4

1,875

2,842

CURRENT ASSETS

Debtors

5

238,364

191,803

Cash at bank

826,380

776,343

1,064,744

968,146

CREDITORS

Amounts falling due within one year

6

47,014

36,253

NET CURRENT ASSETS

1,017,730

931,893

TOTAL ASSETS LESS CURRENT LIABILITIES

1,019,605

934,735

CAPITAL AND RESERVES

Called up share capital

7

50,000

50,000

Retained earnings

969,605

884,735

SHAREHOLDERS' FUNDS

1,019,605

934,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd October 2025 and were signed on its behalf by:

Mrs Shobhana Khimasia - Director

1.	STATUTORY INFORMATION

Tecapet Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01380754 and registered office address is Unitec House, 2 Albert Place, London, N3 1QB.

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.

These financial statements have been prepared on the going concern basis which is dependent on the following considerations by the directors:

- The company has positive net assets, and remains profitable.

- The company is not dependant on external financing.

- Forecasts of revenues and sales orders for the next 1-2 years indicate that the company will continue to meet its liabilities as they fall due

Based on the above the director has concluded that there are no material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern.

Turnover

Turnover comprises income from consultancy services rendered.

Consultancy services are recognised when services are provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

24,979

DEPRECIATION

At 1st January 2024

22,137

Charge for year

967

At 31st December 2024

23,104

NET BOOK VALUE

At 31st December 2024

1,875

At 31st December 2023

2,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

158,396

190,073

Other debtors

79,968

1,730

238,364

191,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

40,571

98

Taxation and social security

(2,977

)

(874

)

Other creditors

9,420

37,029

47,014

36,253

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50,000

Ordinary shares

£1

50,000

50,000

8.	OTHER FINANCIAL COMMITMENTS

The company had financial commitments arising from operating leases at the balance sheet date of £38,454 (2023: £Nil).

9.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by Universal Finance and Development Company Limited, incorporated in British Virgin Islands.