Technology Solutions (Holdings) Limited - Limited company - abbreviated - 11.6
Technology Solutions (Holdings) Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2014 |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08352304) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 | to | 5 |
Chartered Certified Accountants' Report | 6 |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08352304) |
ABBREVIATED BALANCE SHEET |
31 JULY 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 were approved and authorised for issue by the Board of Directors on were signed on its behalf by: |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08352304) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Preparation of consolidated financial statements |
The financial statements contain information about Technology Solutions (Holdings) Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Turnover |
Turnover represents net invoiced sales for renting assets and receipt of royalties from group companies. |
Intangible assets |
Intangible assets, which comprise of Intellectual property, are stated at historical cost less accumulated |
amortisation and impairment loss, if any. |
Amortisation of intangible assets with a definite useful life is calculated on a straight-line basis over the expected |
economic lives of the assets as follows: |
- Intellectual Property - 5 years |
Expected useful lives are reviewed at each balance sheet date and if they differ significantly from previous |
estimates, the remaining amortisation periods are adjusted accordingly. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences, where material, that have originated but not |
reversed at the balance sheet date. |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08352304) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2014 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2013 |
and 31 July 2014 |
AMORTISATION |
At 1 August 2013 |
Amortisation for year |
At 31 July 2014 |
NET BOOK VALUE |
At 31 July 2014 |
At 31 July 2013 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2013 |
and 31 July 2014 |
DEPRECIATION |
At 1 August 2013 |
Charge for year |
At 31 July 2014 |
NET BOOK VALUE |
At 31 July 2014 |
At 31 July 2013 |
4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 August 2013 |
and 31 July 2014 | 1,000 |
NET BOOK VALUE |
At 31 July 2014 |
At 31 July 2013 |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08352304) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2014 |
4. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Nature of business: |
% |
Class of shares: | holding |
'A' Preference | 100.00 |
'B' | 100.00 |
£ | £ |
Aggregate capital and reserves | 470,400 | 326,837 |
Profit for the year/period | 643,563 | 1,286,550 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
'A ' Preference | £1 |
'B' | £1 |
1,000 | 1,000 |
Dividend payments on the first £200,000 of dividends declared are to be allocated pro-rata to shareholding of |
issued A Preference shares. Thereafter, dividends to be paid pro-rata to shareholding of all issued shares. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
TECHNOLOGY SOLUTIONS (HOLDINGS) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Technology Solutions (Holdings) Limited for the year ended 31 July 2014 which comprise the |
Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and |
other professional requirements which are detailed at http://rulebook.accaglobal.com. |
This report is made solely to the Board of Directors of Technology Solutions (Holdings) Limited, as a body, in |
accordance with the terms of our engagement letter dated 5 August 2013. Our work has been undertaken solely to |
prepare for your approval the financial statements of Technology Solutions (Holdings) Limited and state those matters |
that we have agreed to state to the Board of Directors of Technology Solutions (Holdings) Limited, as a body, in this |
report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Technology Solutions (Holdings) Limited has kept adequate accounting records and to |
prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit |
of Technology Solutions (Holdings) Limited. You consider that Technology Solutions (Holdings) Limited is exempt |
from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Technology Solutions |
(Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the statutory |
financial statements. |
2 January 2015 |