2022-04-012023-03-312023-03-31falseSC690630TECHFX STUDIO LIMITED2023-11-0918203iso4217:GBPxbrli:pureSC6906302022-04-01SC6906302023-03-31SC6906302022-04-012023-03-31SC6906302021-03-01SC6906302022-03-31SC6906302021-03-012022-03-31SC690630bus:SmallEntities2022-04-012023-03-31SC690630bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC690630bus:FullAccounts2022-04-012023-03-31SC690630bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC690630core:WithinOneYear2023-03-31SC690630core:AfterOneYear2023-03-31SC690630core:WithinOneYear2022-03-31SC690630core:AfterOneYear2022-03-31SC690630core:ShareCapital2023-03-31SC690630core:SharePremium2023-03-31SC690630core:RevaluationReserve2023-03-31SC690630core:OtherReservesSubtotal2023-03-31SC690630core:RetainedEarningsAccumulatedLosses2023-03-31SC690630core:ShareCapital2022-03-31SC690630core:SharePremium2022-03-31SC690630core:RevaluationReserve2022-03-31SC690630core:OtherReservesSubtotal2022-03-31SC690630core:RetainedEarningsAccumulatedLosses2022-03-31SC690630core:LandBuildings2023-03-31SC690630core:PlantMachinery2023-03-31SC690630core:Vehicles2023-03-31SC690630core:FurnitureFittings2023-03-31SC690630core:OfficeEquipment2023-03-31SC690630core:NetGoodwill2023-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2023-03-31SC690630core:ListedExchangeTraded2023-03-31SC690630core:UnlistedNon-exchangeTraded2023-03-31SC690630core:LandBuildings2022-03-31SC690630core:PlantMachinery2022-03-31SC690630core:Vehicles2022-03-31SC690630core:FurnitureFittings2022-03-31SC690630core:OfficeEquipment2022-03-31SC690630core:NetGoodwill2022-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2022-03-31SC690630core:ListedExchangeTraded2022-03-31SC690630core:UnlistedNon-exchangeTraded2022-03-31SC690630core:LandBuildings2022-04-012023-03-31SC690630core:PlantMachinery2022-04-012023-03-31SC690630core:Vehicles2022-04-012023-03-31SC690630core:FurnitureFittings2022-04-012023-03-31SC690630core:OfficeEquipment2022-04-012023-03-31SC690630core:NetGoodwill2022-04-012023-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC690630core:ListedExchangeTraded2022-04-012023-03-31SC690630core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC690630core:MoreThanFiveYears2022-04-012023-03-31SC690630core:Non-currentFinancialInstruments2023-03-31SC690630core:Non-currentFinancialInstruments2022-03-31SC690630dpl:CostSales2022-04-012023-03-31SC690630dpl:DistributionCosts2022-04-012023-03-31SC690630core:LandBuildings2022-04-012023-03-31SC690630core:PlantMachinery2022-04-012023-03-31SC690630core:Vehicles2022-04-012023-03-31SC690630core:FurnitureFittings2022-04-012023-03-31SC690630core:OfficeEquipment2022-04-012023-03-31SC690630dpl:AdministrativeExpenses2022-04-012023-03-31SC690630core:NetGoodwill2022-04-012023-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC690630dpl:GroupUndertakings2022-04-012023-03-31SC690630dpl:ParticipatingInterests2022-04-012023-03-31SC690630dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC690630core:ListedExchangeTraded2022-04-012023-03-31SC690630dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC690630core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC690630dpl:CostSales2021-03-012022-03-31SC690630dpl:DistributionCosts2021-03-012022-03-31SC690630core:LandBuildings2021-03-012022-03-31SC690630core:PlantMachinery2021-03-012022-03-31SC690630core:Vehicles2021-03-012022-03-31SC690630core:FurnitureFittings2021-03-012022-03-31SC690630core:OfficeEquipment2021-03-012022-03-31SC690630dpl:AdministrativeExpenses2021-03-012022-03-31SC690630core:NetGoodwill2021-03-012022-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2021-03-012022-03-31SC690630dpl:GroupUndertakings2021-03-012022-03-31SC690630dpl:ParticipatingInterests2021-03-012022-03-31SC690630dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-03-31SC690630core:ListedExchangeTraded2021-03-012022-03-31SC690630dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-03-31SC690630core:UnlistedNon-exchangeTraded2021-03-012022-03-31SC690630core:NetGoodwill2023-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2023-03-31SC690630core:LandBuildings2023-03-31SC690630core:PlantMachinery2023-03-31SC690630core:Vehicles2023-03-31SC690630core:FurnitureFittings2023-03-31SC690630core:OfficeEquipment2023-03-31SC690630core:AfterOneYear2023-03-31SC690630core:WithinOneYear2023-03-31SC690630core:ListedExchangeTraded2023-03-31SC690630core:UnlistedNon-exchangeTraded2023-03-31SC690630core:ShareCapital2023-03-31SC690630core:SharePremium2023-03-31SC690630core:RevaluationReserve2023-03-31SC690630core:OtherReservesSubtotal2023-03-31SC690630core:RetainedEarningsAccumulatedLosses2023-03-31SC690630core:NetGoodwill2022-03-31SC690630core:IntangibleAssetsOtherThanGoodwill2022-03-31SC690630core:LandBuildings2022-03-31SC690630core:PlantMachinery2022-03-31SC690630core:Vehicles2022-03-31SC690630core:FurnitureFittings2022-03-31SC690630core:OfficeEquipment2022-03-31SC690630core:AfterOneYear2022-03-31SC690630core:WithinOneYear2022-03-31SC690630core:ListedExchangeTraded2022-03-31SC690630core:UnlistedNon-exchangeTraded2022-03-31SC690630core:ShareCapital2022-03-31SC690630core:SharePremium2022-03-31SC690630core:RevaluationReserve2022-03-31SC690630core:OtherReservesSubtotal2022-03-31SC690630core:RetainedEarningsAccumulatedLosses2022-03-31SC690630core:NetGoodwill2021-03-01SC690630core:IntangibleAssetsOtherThanGoodwill2021-03-01SC690630core:LandBuildings2021-03-01SC690630core:PlantMachinery2021-03-01SC690630core:Vehicles2021-03-01SC690630core:FurnitureFittings2021-03-01SC690630core:OfficeEquipment2021-03-01SC690630core:AfterOneYear2021-03-01SC690630core:WithinOneYear2021-03-01SC690630core:ListedExchangeTraded2021-03-01SC690630core:UnlistedNon-exchangeTraded2021-03-01SC690630core:ShareCapital2021-03-01SC690630core:SharePremium2021-03-01SC690630core:RevaluationReserve2021-03-01SC690630core:OtherReservesSubtotal2021-03-01SC690630core:RetainedEarningsAccumulatedLosses2021-03-01SC690630core:AfterOneYear2022-04-012023-03-31SC690630core:WithinOneYear2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC690630core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC690630core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC690630core:Non-currentFinancialInstrumentscore:CostValuation2022-03-31SC690630core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-31SC690630core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-31SC690630bus:Director12022-04-012023-03-31SC690630core:FurnitureFittingsToolsEquipment2022-03-31SC690630core:FurnitureFittingsToolsEquipment2022-04-012023-03-31SC690630core:FurnitureFittingsToolsEquipment2023-03-31

TECHFX STUDIO LIMITED

Registered Number
SC690630
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

TECHFX STUDIO LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

ROSS, Raymond William

Registered Address

36 Angusfield Avenue
Aberdeen
AB15 6AQ

Registered Number

SC690630 (Scotland)
TECHFX STUDIO LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets520,08511,199
20,08511,199
Current assets
Debtors69,2842,304
Cash at bank and on hand25,98528,111
35,26930,415
Creditors amounts falling due within one year7(22,999)(26,275)
Net current assets (liabilities)12,2704,140
Total assets less current liabilities32,35515,339
Net assets32,35515,339
Capital and reserves
Called up share capital1010
Profit and loss account32,34515,329
Shareholders' funds32,35515,339
The financial statements were approved and authorised for issue by the Director on 9 November 2023, and are signed on its behalf by:
ROSS, Raymond William
Director
Registered Company No. SC690630
TECHFX STUDIO LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 221,24411,70212,946
Additions3,48010,07013,550
At 31 March 234,72421,77226,496
Depreciation and impairment
At 01 April 221211,6261,747
Charge for year6334,0314,664
At 31 March 237545,6576,411
Net book value
At 31 March 233,97016,11520,085
At 31 March 221,12310,07611,199
6.Debtors

2023

2022

££
Trade debtors / trade receivables7,6442,304
Prepayments and accrued income1,640-
Total9,2842,304
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Amounts owed to related parties6,82414,329
Taxation and social security16,17511,946
Total22,99926,275
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.