1 February 2022 false No description of principal activity Taxfiler 2023.9.1 09387095business:PrivateLimitedCompanyLtd2022-02-012023-01-31 093870952022-01-31 093870952022-02-012023-01-31 09387095business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 09387095business:FilletedAccounts2022-02-012023-01-31 093870952023-01-31 093870952022-01-31 09387095core:WithinOneYear2023-01-31 09387095core:WithinOneYear2022-01-31 09387095core:AfterOneYear2023-01-31 09387095core:AfterOneYear2022-01-31 09387095core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09387095core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 09387095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09387095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 09387095core:PreviouslyStatedAmount2023-01-31 09387095core:PreviouslyStatedAmount2022-01-31 09387095business:SmallEntities2022-02-012023-01-31 09387095business:Director12022-02-012023-01-31 09387095countries:EnglandWales2022-02-012023-01-31 09387095business:RegisteredOffice2022-02-012023-01-31 09387095core:PlantMachinery2022-02-012023-01-31 09387095core:ComputerEquipment2022-02-012023-01-31 09387095core:PlantMachinery2022-01-31 09387095core:ComputerEquipment2022-01-31 09387095core:PlantMachinery2023-01-31 09387095core:ComputerEquipment2023-01-31 09387095business:OrdinaryShareClass12022-02-012023-01-31 09387095business:OrdinaryShareClass12021-02-012022-01-31 093870952021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09387095 (England and Wales)
Tech Aluminium Systems Ltd Unaudited accounts for the year ended 31 January 2023
Tech Aluminium Systems Ltd Unaudited accounts Contents
Page
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Tech Aluminium Systems Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,723 
65,556 
Current assets
Inventories
22,187 
- 
Debtors
3,660 
236,649 
Cash at bank and in hand
2,834 
- 
28,681 
236,649 
Creditors: amounts falling due within one year
(197,607)
(168,003)
Net current (liabilities)/assets
(168,926)
68,646 
Total assets less current liabilities
(113,203)
134,202 
Creditors: amounts falling due after more than one year
(11,086)
(28,999)
Net (liabilities)/assets
(124,289)
105,203 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(124,389)
105,103 
Shareholders' funds
(124,289)
105,203 
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Mr L W Douglas Director Company Registration No. 09387095
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Tech Aluminium Systems Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Tech Aluminium Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 09387095. The registered office is Unit 52, Rumer Hill Road, Cannock, Staffs, WS11 0ET, 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 under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
15% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tech Aluminium Systems Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
102,917 
3,183 
106,100 
At 31 January 2023
102,917 
3,183 
106,100 
Depreciation
At 1 February 2022
39,317 
1,227 
40,544 
Charge for the year
9,540 
293 
9,833 
At 31 January 2023
48,857 
1,520 
50,377 
Net book value
At 31 January 2023
54,060 
1,663 
55,723 
At 31 January 2022
63,600 
1,956 
65,556 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
941 
4,046 
Trade debtors
- 
118,750 
Accrued income and prepayments
- 
12,100 
Other debtors
2,719 
101,753 
3,660 
236,649 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
80,211 
69,448 
Obligations under finance leases and hire purchase contracts
17,950 
17,950 
Trade creditors
48,856 
52,703 
Taxes and social security
46,524 
23,715 
Other creditors
4,066 
4,187 
197,607 
168,003 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,086 
28,999 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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