Tii Technologies Limited in Dudley, DY2 9AE

Description

Data updated on: 01-11-2023

Tii Technologies Limited,registered as Private Limited Company, registered in C/o Eurocraft Technologies Limited, Cinder Bank in Dudley. It's post code is DY2 9AE. This company has been operating since 1981. Its reg. no. is 01596084. The company's name switch from Porta Systems to Tii Technologies Limited came on 8th April 2014. The company's principal business activity number is 61900: Other telecommunications activities. Its most recent filed accounts documents cover the period up to 2022-12-31 and the latest annual confirmation statement was filed on 2023-06-30.

At the moment, there is only a single managing director in the company: Parag M. (since 1st August 2012). That business had been presided over by Brian K. till 2012. What is more another director, namely Kenneth P. quit 12 years ago.

Parag M. is the individual who controls this firm, owns over 3/4 of company shares.

Previous company's names
Tii Technologies Limited 2014-04-08
Porta Systems Limited 1981-11-06

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	63 757	49 943	594 368	2 217 226	2 321 396	1 941 568	2 100	290 686
Current Assets	60 476 722	3 066 618	2 998 525	2 709 988	2 513 059	2 132 016	449 387	481 134
Debtors	59 681 311	2 641 854	2 221 613	492 762	191 663	190 448	447 287	190 448
Property Plant Equipment	17 964	12 112	6 987
Total Inventories	731 654	374 821	182 544

Other Financial Data
Audit Fees Expenses	5 500	5 820	5 940	6 000
Fees For Non-audit Services	4 900	820	1 460
Dividend Recommended By Directors		82 967 442	29 278 778	21 163 220	8 614 614
Accrued Liabilities Deferred Income	15 470	7 643	50 268					12 379
Accumulated Depreciation Impairment Property Plant Equipment	27 476	27 184	32 309
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		120 000
Administrative Expenses	-1 865 976	552 537	196 461	-42 413	229 093	431 823	16 568 310	456 577
Amounts Owed By Group Undertakings	58 751 403	2 064 859	1 078 872	394 669	190 448	190 448	190 448	190 448
Amounts Owed To Group Undertakings	695 045	633 784			56 146	76 069	3 820 009	4 308 333
Applicable Tax Rate	20	20	19	19	19	19	19	19
Comprehensive Income Expense	13 601 919	27 717 903	29 563 750	21 488 935	11 419 586	-1 081 988	-15 614 014	1 400 553
Corporation Tax Payable		42 486		14 927
Cost Sales	2 213 753	1 390 330	3 253 685	420 518
Creditors	871 404	840 193	730 734	28 702	56 146	76 069	3 820 009	4 320 712
Current Tax For Period		42 486		14 927
Deferred Tax Asset Debtors	120 000
Depreciation Expense Property Plant Equipment	6 270	5 853	5 125	4 272
Disposals Decrease In Depreciation Impairment Property Plant Equipment		6 145		36 581
Disposals Property Plant Equipment		6 144		39 296
Dividends Paid		82 967 442	29 278 778	21 163 220	8 614 614
Dividends Paid On Shares Interim		82 967 442	29 278 778	21 163 220	8 614 614
Fixed Assets	11 197 841	13 327 195	13 570 801	13 483 021	16 512 366	15 831 344
Future Minimum Lease Payments Under Non-cancellable Operating Leases	34 880	24 750
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	2 347 100	-304 409	148 099	-11 899	-30		-54 381	-455 418
Gain Loss On Disposals Property Plant Equipment				-1 214
Gross Profit Loss	523 486	77 164	120 746	209 895
Impairment Loss Reversal On Investments	-5 855 797	-2 185 207	-248 731
Income From Shares In Group Undertakings	5 356 660	23 492 115	29 389 963	21 330 041	8 614 614		11 141 351
Increase From Depreciation Charge For Year Property Plant Equipment		5 853	5 125	4 272
Intangible Assets	30 000	30 000	30 000	30 000	30 000
Intangible Assets Gross Cost	30 000	30 000	30 000	30 000	30 000
Investments Fixed Assets	11 149 877	13 285 083	13 533 814	13 453 021	16 482 366	15 831 344	5 643 899	7 513 408
Investments In Group Undertakings	11 149 877	13 285 083	13 533 814	13 453 021	16 482 366	15 831 344	5 643 899	7 513 408
Issue Equity Instruments	-54 659 645
Merchandise	731 654	374 821	182 544
Net Current Assets Liabilities	59 605 318	2 226 425	2 267 791	2 681 286	2 456 913	2 055 947	-3 370 622	-3 839 578
Number Shares Issued Fully Paid		4 810 365	4 810 365	4 810 365	4 810 365	4 810 365	4 810 365	4 810 365
Operating Profit Loss	2 389 462	-475 373	-75 715	252 308	-229 093	-431 823	-16 568 310	-456 577
Other Creditors	100 000	50 000
Other Deferred Tax Expense Credit		120 000
Other Interest Receivable Similar Income Finance Income		2 678 440	771	2 306	4 721	857	389
Other Taxation Social Security Payable	612	944	449
Par Value Share		1	1	1	1	1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	6 271
Percentage Class Share Held In Subsidiary		100	100	100	100	100	100	100
Prepayments Accrued Income	24 409	37 054	94 629	98 093
Profit Loss	13 601 919	27 717 903	29 563 750	21 488 935	11 419 586	-1 081 988	-15 614 014	1 400 553
Profit Loss On Ordinary Activities Before Tax	13 601 919	27 880 389	29 563 750	21 503 862	11 419 586	-1 081 988	-15 614 014	1 400 553
Property Plant Equipment Gross Cost	45 440	39 296	39 296
Provisions	-120 000
Social Security Costs	4 904
Staff Costs Employee Benefits Expense	113 599	33 013
Tax Decrease From Utilisation Tax Losses	467 350	390 000
Tax Decrease Increase From Effect Revenue Exempt From Taxation	2 242 491	5 135 465	5 705 449	4 052 708	2 212 352		2 116 857	355 207
Tax Expense Credit Applicable Tax Rate	2 720 384	5 576 078	5 691 022	4 085 734	2 169 721	-205 578	-2 966 663	266 105
Tax Increase Decrease From Effect Capital Allowances Depreciation	-10 697	-8 629	-6 748	-33 450
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	154	502	63	15 351		123 698	1 935 615
Tax Tax Credit On Profit Or Loss On Ordinary Activities		162 486		14 927
Total Assets Less Current Liabilities	70 803 159	15 553 620	15 838 592	16 164 307	18 969 279	17 887 291	2 273 277	3 673 830
Total Operating Lease Payments	35 520	18 840	4 750
Trade Creditors Trade Payables	4 847	33 499	89 006
Trade Debtors Trade Receivables	785 499	539 941	1 048 112
Turnover Revenue	2 737 239	1 467 494	3 374 431	630 413
Wages Salaries	102 424	33 013	26 331	5 595
Disposals Intangible Assets						30 000
Interest Expense On Loan Capital								12 379
Interest Payable Similar Charges Finance Costs								12 379
Net Assets Liabilities Subsidiaries						-83 979	-83 656	-83 672
Profit Loss Subsidiaries						-894	-324	-197
Recoverable Value-added Tax					1 215		256 839