Tele-Fonika Holdings Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09902725 (England and Wales)

Unaudited Financial Statements

for the Period 4 December 2015 to 31 December 2016

for

Tele-Fonika Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P M Bak

Ms M Cupial-Zgryzek

Mr M P Hassa

SECRETARY:

H T Corporate Services Ltd

REGISTERED OFFICE:

Innovation Centre

Warwick Technology Park

Warwick

Warwickshire

CV34 6UW

REGISTERED NUMBER:

09902725 (England and Wales)

FIXED ASSETS

Investments

2

1

CURRENT ASSETS

Debtors

3

942,028

Cash at bank

22,088

964,116

CREDITORS

Amounts falling due within one year

4

189,126

NET CURRENT ASSETS

774,990

TOTAL ASSETS LESS CURRENT LIABILITIES

774,991

CAPITAL AND RESERVES

Called up share capital

6

25,000

Profit and loss account

7

749,991

SHAREHOLDERS' FUNDS

774,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 September 2017 and were signed on its behalf by:

Mr P M Bak - Director

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 January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

11

Disposals

(10

)

At 31 December 2016

1

NET BOOK VALUE

At 31 December 2016

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Tele-Fonika France S.A.

Country of incorporation: France

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

942,028

Included in trade debtors is PLN 5m (£942,028) of which PLN 4m (£753,622) falls due after one than one year.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

28

Trade creditors

419

Taxation and social security

187,498

Other creditors

1,181

189,126

5.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bank overdrafts

28

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

25,000

Ordinary

£1

25,000

25,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.

RESERVES

Profit

and loss

account

£

Profit for the period

749,991

At 31 December 2016

749,991