1 April 2022 v2023.23.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP030563322022-04-012023-03-31030563322023-03-31030563322022-03-3103056332core:WithinOneYear2023-03-3103056332core:WithinOneYear2022-03-3103056332core:ShareCapital2023-03-3103056332core:ShareCapital2022-03-3103056332core:RetainedEarningsAccumulatedLosses2023-03-3103056332core:RetainedEarningsAccumulatedLosses2022-03-3103056332bus:Director12022-04-012023-03-3103056332bus:RegisteredOffice2022-04-012023-03-31030563322021-04-012022-03-3103056332core:PlantMachinery2022-04-0103056332core:PlantMachinery2022-04-012023-03-310305633212022-04-012023-03-3103056332countries:EnglandWales2022-04-012023-03-3103056332bus:AuditExemptWithAccountantsReport2022-04-012023-03-3103056332bus:PrivateLimitedCompanyLtd2022-04-012023-03-3103056332bus:SmallEntities2022-04-012023-03-3103056332bus:FullAccounts2022-04-012023-03-31
Company registration number:
03056332
Tecbridge Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2023
BRIAN PAUL LIMITED
Chartered Accountants
Chase Green House, 42 Chase Side, Enfield, Middlesex, EN2 6NF, United Kingdom
Tecbridge Ltd
Statement of Financial Position
31 March 2023
20232022
Note££
Current assets    
Stocks
16,091
 
12,437
 
Debtors 6
87,510
 
46,831
 
Cash at bank and in hand
85,601
 
80,846
 
189,202
 
140,114
 
Creditors: amounts falling due within one year 7
(115,004
)
(93,880
)
Net current assets
74,198
 
46,234
 
Total assets less current liabilities 74,198   46,234  
Capital and reserves    
Called up share capital
20
 
20
 
Profit and loss account
74,178
 
46,214
 
Shareholders funds
74,198
 
46,234
 
For the year ending
31 March 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 August 2023
, and are signed on behalf of the board by:
A Davis
Director
Company registration number:
03056332
Tecbridge Ltd
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Chase Green House
,
42 Chase Side
,
Enfield
,
Middlesex
,
EN2 6NF
, . The business address is Unit 2 SBP, Restmor Way, Wallington, SM6 7AH.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% Straight Line

Stocks

Stock is valued at the lower of cost and net realisable value.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
3
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2022
1,128
 
Disposals
(1,128
)
At
31 March 2023
-  
Depreciation  
At
1 April 2022
1,128
 
Disposals
(1,128
)
At
31 March 2023
-  
Carrying amount  
At
31 March 2023
-  
At 31 March 2022 -  

6 Debtors

20232022
££
Trade debtors
86,776
 
46,351
 
Other debtors
734
 
480
 
87,510
 
46,831
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
32,017
 
22,396
 
Taxation and social security
22,324
 
21,623
 
Other creditors
60,663
 
49,861
 
115,004
 
93,880
 

8 Controlling party

No one individual can exercise overall control.