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Company Registration No. 09390493 (England and Wales)
Tec Audio Ltd Unaudited accounts for the year ended 31 January 2023
Tec Audio Ltd Unaudited accounts Contents
Page
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Tec Audio Ltd Company Information for the year ended 31 January 2023
Directors
Phillip Paul Robinson Derek Lee Thompson
Company Number
09390493 (England and Wales)
Registered Office
Unit 4 Parkside Ind Units Albert Street Blackburn Lancashire BB2 4BL England
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Tec Audio Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,004 
36,053 
Current assets
Inventories
2,190 
2,455 
Cash at bank and in hand
32,588 
36,789 
34,778 
39,244 
Creditors: amounts falling due within one year
(9,272)
(12,842)
Net current assets
25,506 
26,402 
Total assets less current liabilities
59,510 
62,455 
Creditors: amounts falling due after more than one year
(24,241)
(27,632)
Net assets
35,269 
34,823 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
35,169 
34,723 
Shareholders' funds
35,269 
34,823 
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 13 September 2023 and were signed on its behalf by
Derek Lee Thompson Director Company Registration No. 09390493
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Tec Audio Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Tec Audio Ltd is a private company, limited by shares, registered in England and Wales, registration number 09390493. The registered office is Unit 4 Parkside Ind Units, Albert Street, Blackburn, Lancashire, BB2 4BL, 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.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
75,079 
Additions
6,452 
At 31 January 2023
81,531 
Depreciation
At 1 February 2022
39,026 
Charge for the year
8,501 
At 31 January 2023
47,527 
Net book value
At 31 January 2023
34,004 
At 31 January 2022
36,053 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,010 
1,982 
Trade creditors
- 
3,411 
Taxes and social security
5,957 
7,158 
Loans from directors
47 
33 
Accruals
258 
258 
9,272 
12,842 
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Tec Audio Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,241 
27,632 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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