Terabyte Solutions Limited - Accounts to registrar (filleted) - small 18.2

Terabyte Solutions Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05079591 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018

FOR

TERABYTE SOLUTIONS LIMITED

TERABYTE SOLUTIONS LIMITED (REGISTERED NUMBER: 05079591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TERABYTE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2018







DIRECTOR: Mr G Maties





SECRETARY: Mrs C E Maties





REGISTERED OFFICE: 18 Well Close
Woking
Surrey
GU21 4PT





REGISTERED NUMBER: 05079591 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

TERABYTE SOLUTIONS LIMITED (REGISTERED NUMBER: 05079591)

ABRIDGED BALANCE SHEET
31 March 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 5 513 1,741

CURRENT ASSETS
Debtors 17 -
Cash at bank 126,864 126,854
126,881 126,854
CREDITORS
Amounts falling due within one year (496 ) (327 )
NET CURRENT ASSETS 126,385 126,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,898

128,268

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 126,896 128,266
SHAREHOLDERS' FUNDS 126,898 128,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TERABYTE SOLUTIONS LIMITED (REGISTERED NUMBER: 05079591)

ABRIDGED BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2018 and were signed by:





Mr G Maties - Director


TERABYTE SOLUTIONS LIMITED (REGISTERED NUMBER: 05079591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2018


1. STATUTORY INFORMATION

Terabyte Solutions Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bicycle - 25% on reducing balance
Computer equipment - 33% on cost

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 7,070
DEPRECIATION
At 1 April 2017 5,329
Charge for year 1,228
At 31 March 2018 6,557
NET BOOK VALUE
At 31 March 2018 513
At 31 March 2017 1,741

TERABYTE SOLUTIONS LIMITED (REGISTERED NUMBER: 05079591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2018


6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1 Ordinary £1 2 2

7. RESERVES

Reserves£126,896

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and
31 March 2017:

2018 2017
£    £   
Mr G Maties
Balance outstanding at start of year (296 ) (203 )
Amounts advanced 33,500 411
Amounts repaid (33,700 ) (504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (496 ) (296 )