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REGISTERED NUMBER: 04608392 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Tec-2000 Limited

Tec-2000 Limited (Registered number: 04608392)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tec-2000 Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M L F Knowles





SECRETARY: Miss F M Soares





REGISTERED OFFICE: Second Floor
2 Walsworth Road
HITCHIN
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 04608392 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Tec-2000 Limited (Registered number: 04608392)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,885 19,181

CURRENT ASSETS
Stocks 163,609 99,871
Debtors 5 81,564 45,059
Investments 6 140,108 75,000
Cash at bank and in hand 152,774 97,971
538,055 317,901
CREDITORS
Amounts falling due within one year 7 176,109 119,078
NET CURRENT ASSETS 361,946 198,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,831

218,004

CREDITORS
Amounts falling due after more than
one year

8

(31,743

)

(35,845

)

PROVISIONS FOR LIABILITIES 10 (2,828 ) (4,043 )
NET ASSETS 342,260 178,116

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings 12 340,260 176,116
SHAREHOLDERS' FUNDS 342,260 178,116

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

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

Tec-2000 Limited (Registered number: 04608392)

Balance Sheet - continued
31 May 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 director and authorised for issue on 15 November 2023 and were signed by:





M L F Knowles - Director


Tec-2000 Limited (Registered number: 04608392)

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

1. STATUTORY INFORMATION

Tec-2000 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Tec-2000 Limited (Registered number: 04608392)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 23,788 14,790 20,628 59,206
Additions - - 666 666
At 31 May 2023 23,788 14,790 21,294 59,872
DEPRECIATION
At 1 June 2022 10,093 13,680 16,252 40,025
Charge for year 3,424 277 1,261 4,962
At 31 May 2023 13,517 13,957 17,513 44,987
NET BOOK VALUE
At 31 May 2023 10,271 833 3,781 14,885
At 31 May 2022 13,695 1,110 4,376 19,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 4,271 7,853
Other debtors 77,293 37,206
81,564 45,059

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 140,108 75,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 1,182 30,155
Trade creditors 94,864 29,177
Taxation and social security 63,114 42,716
Other creditors 16,949 17,030
176,109 119,078

Tec-2000 Limited (Registered number: 04608392)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 31,743 35,845

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank overdrafts 1,182 30,155

A debenture was created on 26th June 2003 by the company for securing all monies due or to become due from the company to The Royal Bank of Scotland on any account whatsoever.

10. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 2,828 4,043

Deferred
tax
£   
Balance at 1 June 2022 4,043
Credit to Income Statement during year (1,215 )
Balance at 31 May 2023 2,828

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2,000 Ordinary £1 2,000 2,000

12. RESERVES
Retained
earnings
£   

At 1 June 2022 176,116
Profit for the year 244,144
Dividends (80,000 )
At 31 May 2023 340,260

Tec-2000 Limited (Registered number: 04608392)

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

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period dividends of £72,000 were paid to the director, (last year £54,000).

14. ULTIMATE CONTROLLING PARTY

The company was under the control of MLF Knowles throughout the current and previous year. MLF Knowles is the majority shareholder.