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REGISTERED NUMBER: 04646649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Tech24 Limited

Tech24 Limited (Registered number: 04646649)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tech24 Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C J Payne





SECRETARY: Mrs T Payne





REGISTERED OFFICE: 118 Akeferry Road
Graizelound
Doncaster
DN9 2NF





REGISTERED NUMBER: 04646649 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Tech24 Limited (Registered number: 04646649)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,822 5,398

CURRENT ASSETS
Debtors 5 35,278 20,711
Cash at bank 27,294 50,256
62,572 70,967
CREDITORS
Amounts falling due within one year 6 26,577 25,812
NET CURRENT ASSETS 35,995 45,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,817

50,553

CREDITORS
Amounts falling due after more than
one year

7

15,805

-
NET ASSETS 84,012 50,553

Tech24 Limited (Registered number: 04646649)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,912 50,453
SHAREHOLDERS' FUNDS 84,012 50,553

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 director acknowledges his 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.

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 director and authorised for issue on 23 October 2023 and were signed by:





C J Payne - Director


Tech24 Limited (Registered number: 04646649)

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

1. STATUTORY INFORMATION

Tech24 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Tech24 Limited (Registered number: 04646649)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 36,857 4,580 41,437
Additions 78,469 - 78,469
At 31 March 2023 115,326 4,580 119,906
DEPRECIATION
At 1 April 2022 33,168 2,871 36,039
Charge for year 19,617 428 20,045
At 31 March 2023 52,785 3,299 56,084
NET BOOK VALUE
At 31 March 2023 62,541 1,281 63,822
At 31 March 2022 3,689 1,709 5,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Trade debtors 35,115 20,076
Other debtors 163 635
35,278 20,711

Tech24 Limited (Registered number: 04646649)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 11,156 -
Trade creditors 2 160
Tax 1,181 16,124
VAT 12,469 7,971
Directors' current accounts 613 401
Accrued expenses 1,156 1,156
26,577 25,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 15,805 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 26,961 -