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Draft
Tectag Ltd
Registered Number:04620615
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
Draft
Registered Number :
04620615
As at 31 December 2021
Tectag Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Intangible assets
1,500
3,000
2
Property, plant and equipment
16,442
24,663
3
17,942
27,663
Current assets
Trade and other receivables
27,237
29,895
4
151,579
Cash and cash equivalents
177,667
207,562
178,816
Trade and other payables: amounts falling due within one
year
(4,699)
(17,983)
5
174,117
189,579
Net current assets
Total assets less current liabilities
207,521
201,780
Trade and other payables: amounts falling due after more
than one year
(10,227)
(6,276)
6
201,245
Net assets
191,553
Capital and reserves
Called up share capital
1
1
Retained earnings
201,244
191,552
201,245
191,553
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Martin McCullagh Director
These financial statements were approved and authorised for issue by the Board on 16 June 2022 and were signed by:
The notes form part of these financial statements
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3
Draft
For the year ended 31 December 2021
Tectag Ltd
Notes to the Financial Statements
Statutory Information
Tectag Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
04620615.
Registered address:
5 Willow Grove
Chippenham
Wiltshire
SN15 1AR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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4
Draft
For the year ended 31 December 2021
Tectag Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2021
30,000
At 31 December 2021
30,000
Amortisation
At 01 January 2021
27,000
1,500
Charge for year
At 31 December 2021
28,500
Net book value
At 31 December 2021
1,500
At 31 December 2020
3,000
3. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 January 2021
35,729
32,475
3,254
At 31 December 2021
3,254
32,475
35,729
Provision for depreciation and impairment
At 01 January 2021
11,066
8,119
2,947
Charge for year
8,221
8,119
102
At 31 December 2021
19,287
16,238
3,049
At 31 December 2021
Net book value
205
16,237
16,442
At 31 December 2020
307
24,356
24,663
4. Trade and other receivables
2020
2021
£
£
Trade debtors
19,895
15,030
Other debtors
10,000
12,207
27,237
29,895
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5
Draft
For the year ended 31 December 2021
Tectag Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
14,044
701
Other creditors
3,939
3,998
17,983
4,699
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Other creditors
6,276
10,227
7. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
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