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REGISTERED NUMBER: 09625086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

TEQ4 SYSTEMS LIMITED

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEQ4 SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: M Howe
J C Bullivant





SECRETARY: M Howe





REGISTERED OFFICE: Mocatta House
Trafalgar Place
Brighton
East Sussex
BN1 4DU





REGISTERED NUMBER: 09625086 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 666 750
Property, plant and equipment 5 1,607 -
Investments 6 100 200
2,373 950

CURRENT ASSETS
Debtors 7 28,352 11,263
Cash at bank 54,429 5,551
82,781 16,814
CREDITORS
Amounts falling due within one year 8 (28,535 ) (17,733 )
NET CURRENT ASSETS/(LIABILITIES) 54,246 (919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,619

31

CAPITAL AND RESERVES
Called up share capital 9 285 200
Share premium 49,989 -
Retained earnings 6,345 (169 )
SHAREHOLDERS' FUNDS 56,619 31

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





M Howe - Director


TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Teq4 Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and comprises income from the sale of services connected to designing and building immersive experiences. These services are recognised at the point of sale unless a service contract spanning more then one month, in which case a relevant proportion of income is deferred and released in the next financial period.

Intangible assets
Intangible assets consists of domain names which are included at cost less accumulated amortisation, and if necessary, an adjustment for impairment.

Domains names are amortised on a straight line basis over 10 years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment- 25% on cost

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Shares in group undertakings are recognised at cost with an impairment review carried out annually.

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 October 2022
and 30 September 2023 833
AMORTISATION
At 1 October 2022 83
Amortisation for year 84
At 30 September 2023 167
NET BOOK VALUE
At 30 September 2023 666
At 30 September 2022 750

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 2,143
At 30 September 2023 2,143
DEPRECIATION
Charge for year 536
At 30 September 2023 536
NET BOOK VALUE
At 30 September 2023 1,607

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022 200
Disposals (100 )
At 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 100
At 30 September 2022 200

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 6,989 -
Other debtors 21,363 11,263
28,352 11,263

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 950 -
Taxation and social security 11,355 1,972
Other creditors 16,230 15,761
28,535 17,733

9. CALLED UP SHARE CAPITAL

On the 9th March 2023, 200 £1 shares were sub-divided into 20,000 £0.01 shares. On the same day, 7,396 £0.01 shares were allotted.

On 7th June 2023, 1,142 £0.01 shares were allotted.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, the company was owed £6,948 by This Is City Attractions B.V, who own a minority holding in the company.