1 December 2020 false No description of principal activity Taxfiler 2022.8.3 12305812business:PrivateLimitedCompanyLtd2020-12-012021-11-30 123058122020-11-30 123058122020-12-012021-11-30 12305812business:AuditExemptWithAccountantsReport2020-12-012021-11-30 12305812business:FullAccounts2020-12-012021-11-30 123058122021-11-30 12305812business:Director12020-12-012021-11-30 12305812business:RegisteredOffice2020-12-012021-11-30 123058122020-11-30 12305812core:WithinOneYear2021-11-30 12305812core:WithinOneYear2020-11-30 12305812core:AfterOneYear2021-11-30 12305812core:AfterOneYear2020-11-30 12305812core:ShareCapital2021-11-30 12305812core:ShareCapital2020-11-30 12305812core:RetainedEarningsAccumulatedLosses2021-11-30 12305812core:RetainedEarningsAccumulatedLosses2020-11-30 12305812business:SmallEntities2020-12-012021-11-30 12305812countries:EnglandWales2020-12-012021-11-30 12305812business:OrdinaryShareClass12020-12-012021-11-30 12305812business:OrdinaryShareClass12019-12-012020-11-30 123058122019-12-012020-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12305812 (England and Wales)
TECHPROS TRADE LIMITED Unaudited accounts for the year ended 30 November 2021
TECHPROS TRADE LIMITED Unaudited accounts Contents
Page
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TECHPROS TRADE LIMITED Company Information for the year ended 30 November 2021
Director
Shabbir Ahmed
Company Number
12305812 (England and Wales)
Registered Office
65 Queensway Stevenage Hertfordshire SG1 1DN England
Accountants
IAB Accountants Limited 200 Selbourne Road Luton Bedfordshire LU4 8LT
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TECHPROS TRADE LIMITED for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TECHPROS TRADE LIMITED for the year ended 30 November 2021 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of TECHPROS TRADE LIMITED, as a body, in accordance with the terms of our engagement letter dated 2 August 2021. Our work has been undertaken solely to prepare for your approval the accounts of TECHPROS TRADE LIMITED and state those matters that we have agreed to state to the Board of Directors of TECHPROS TRADE 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TECHPROS TRADE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TECHPROS TRADE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TECHPROS TRADE LIMITED. You consider that TECHPROS TRADE 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 accounts of TECHPROS TRADE 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 accounts.
IAB Accountants Limited Chartered Certified Accountants 200 Selbourne Road Luton Bedfordshire LU4 8LT 26 August 2022
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TECHPROS TRADE LIMITED Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Inventories
65,230 
56,500 
Debtors
55,261 
40,240 
Cash at bank and in hand
24,370 
17,420 
144,861 
114,160 
Creditors: amounts falling due within one year
(69,207)
(32,100)
Net current assets
75,654 
82,060 
Total assets less current liabilities
75,654 
82,060 
Creditors: amounts falling due after more than one year
(72,189)
(77,778)
Net assets
3,465 
4,282 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,464 
4,281 
Shareholders' funds
3,465 
4,282 
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2022 and were signed on its behalf by
Shabbir Ahmed Director Company Registration No. 12305812
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TECHPROS TRADE LIMITED Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
TECHPROS TRADE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12305812. The registered office is 65 Queensway, Stevenage, Hertfordshire, SG1 1DN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,626 
704 
Accrued income and prepayments
53,635 
39,535 
Other debtors
- 
1 
55,261 
40,240 
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TECHPROS TRADE LIMITED Notes to the Accounts for the year ended 30 November 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,274 
4,841 
Trade creditors
63,572 
20,763 
Taxes and social security
1,035 
2,317 
Other creditors
3,326 
4,179 
69,207 
32,100 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
36,221 
40,000 
Other creditors
35,968 
37,778 
72,189 
77,778 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
The company was under the control of the director throughout the year.
9
Controlling party
The ultimate controlling part is Shabbir Ahmed.
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).
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