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REGISTERED NUMBER: 02689376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Techies Limited

Techies Limited (Registered number: 02689376)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Techies Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Monks
Mrs M Monks





SECRETARY: Mrs M Monks





REGISTERED OFFICE: Technology House
239 Ampthill Road
Bedford
Bedfordshire
MK42 9QG





REGISTERED NUMBER: 02689376 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Techies Limited (Registered number: 02689376)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 31,370 4,546

CURRENT ASSETS
Debtors 6 175,000 187,960
Cash at bank 97,080 226,181
272,080 414,141
CREDITORS
Amounts falling due within one year 7 79,414 202,438
NET CURRENT ASSETS 192,666 211,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,036

216,249

PROVISIONS FOR LIABILITIES 7,842 1,137
NET ASSETS 216,194 215,112

CAPITAL AND RESERVES
Called up share capital 130 130
Capital redemption reserve 50 50
Retained earnings 216,014 214,932
SHAREHOLDERS' FUNDS 216,194 215,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Techies Limited (Registered number: 02689376)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





G Monks - Director


Techies Limited (Registered number: 02689376)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Techies 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue has been recognised as the company obtains the right to consideration.

In respect of the sale of goods the company obtains the right to consideration when delivery of the goods occurs.

In respect of ongoing services the right to consideration accrues across the service period and any amount outside of the balance sheet date is carried forward as deferred income or accrued income as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the life of the lease
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Techies Limited (Registered number: 02689376)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 18,820 40,360 18,995 78,175
Additions - 1,300 32,500 33,800
Disposals - - (17,800 ) (17,800 )
At 31 March 2023 18,820 41,660 33,695 94,175
DEPRECIATION
At 1 April 2022 18,820 38,119 16,690 73,629
Charge for year - 1,343 5,633 6,976
Eliminated on disposal - - (17,800 ) (17,800 )
At 31 March 2023 18,820 39,462 4,523 62,805
NET BOOK VALUE
At 31 March 2023 - 2,198 29,172 31,370
At 31 March 2022 - 2,241 2,305 4,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 165,401 175,270
Other debtors 4,650 -
Directors' current accounts - 6,931
Tax 2,209 2,209
Prepayments 2,740 3,550
175,000 187,960

Techies Limited (Registered number: 02689376)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 28,016 138,686
Tax 11,708 20,285
Social security and other taxes 2,322 2,509
VAT 36,415 39,925
Other creditors 553 553
Accruals and deferred income 400 480
79,414 202,438

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director owed the company £6,931 at the start of the year, and the loan was repaid in full during the year. The loan was repayable on demand and no interest was incurred.