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Unaudited Financial Statements for the Year Ended 28 February 2020 |
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TECHY SMART HOLDINGS LTD |
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Unaudited Financial Statements for the Year Ended 28 February 2020 |
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for |
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TECHY SMART HOLDINGS LTD |
TECHY SMART HOLDINGS LTD (Registered number: 11198270) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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TECHY SMART HOLDINGS LTD |
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Company Information |
for the Year Ended 28 February 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
74A High Street |
Wanstead |
London |
E11 2RJ |
TECHY SMART HOLDINGS LTD (Registered number: 11198270) |
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Balance Sheet |
28 February 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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TECHY SMART HOLDINGS LTD (Registered number: 11198270) |
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Balance Sheet - continued |
28 February 2020 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
its behalf by: |
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TECHY SMART HOLDINGS LTD (Registered number: 11198270) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2020 |
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1. | STATUTORY INFORMATION |
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TECHY SMART HOLDINGS LTD is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 March 2019 |
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Disposals | ( |
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Share of profit/(loss) | 20,000 |
At 28 February 2020 |
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NET BOOK VALUE |
At 28 February 2020 |
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At 28 February 2019 |
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TECHY SMART HOLDINGS LTD (Registered number: 11198270) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the year ended 28 February 2020 and the period ended |
28 February 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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The above loan was interest free to company and repayable on demand. |
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ULTIMATE CONTROLLING PARTY |
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As on the balance sheet date, Mr M Jagadeesh owns more than 51% shares in the company. Therefore, he is the ultimate |
controlling party. |