1 January 2023 false No description of principal activity Taxfiler 2023.10 07886408business:PrivateLimitedCompanyLtd2023-01-012023-12-31 078864082022-12-31 078864082023-01-012023-12-31 07886408business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 07886408business:FilletedAccounts2023-01-012023-12-31 078864082023-12-31 07886408business:Director12023-01-012023-12-31 07886408business:RegisteredOffice2023-01-012023-12-31 078864082022-12-31 07886408core:WithinOneYear2023-12-31 07886408core:WithinOneYear2022-12-31 07886408core:AfterOneYear2023-12-31 07886408core:AfterOneYear2022-12-31 07886408core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07886408core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07886408core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07886408core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07886408core:PreviouslyStatedAmount2023-12-31 07886408core:PreviouslyStatedAmount2022-12-31 07886408business:SmallEntities2023-01-012023-12-31 07886408countries:EnglandWales2023-01-012023-12-31 07886408core:ComputerEquipment2023-01-012023-12-31 07886408core:ComputerEquipment2022-12-31 07886408core:ComputerEquipment2023-12-31 078864082022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07886408 (England and Wales)
TECHYOTS NETWORKS LIMITED Unaudited accounts for the year ended 31 December 2023
TECHYOTS NETWORKS LIMITED Unaudited accounts Contents
Page
- 2 -
TECHYOTS NETWORKS LIMITED Company Information for the year ended 31 December 2023
Director
OGUNBAJO, Abayomi Babatunde
Company Number
07886408 (England and Wales)
Registered Office
42 SYLVAN AVENUE ROMFORD RM6 6BE ENGLAND
Accountants
Trinity Essex Limited 111 High Street Sittingbourne Kent ME10 4AJ
- 3 -
TECHYOTS NETWORKS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,200 
800 
Current assets
Debtors
47,251 
34,769 
Cash at bank and in hand
23,993 
26,991 
71,244 
61,760 
Creditors: amounts falling due within one year
(8,126)
(9,395)
Net current assets
63,118 
52,365 
Total assets less current liabilities
66,318 
53,165 
Creditors: amounts falling due after more than one year
(5,000)
(9,000)
Net assets
61,318 
44,165 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,218 
44,065 
Shareholders' funds
61,318 
44,165 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2024 and were signed on its behalf by
OGUNBAJO, Abayomi Babatunde Director Company Registration No. 07886408
- 4 -
TECHYOTS NETWORKS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
TECHYOTS NETWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07886408. The registered office is 42 SYLVAN AVENUE, ROMFORD, RM6 6BE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
4,000 
Additions
4,000 
At 31 December 2023
8,000 
Depreciation
At 1 January 2023
3,200 
Charge for the year
1,600 
At 31 December 2023
4,800 
Net book value
At 31 December 2023
3,200 
At 31 December 2022
800 
- 5 -
TECHYOTS NETWORKS LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,450 
20,348 
Accrued income and prepayments
2,830 
2,450 
25,280 
22,798 
Amounts falling due after more than one year
Other debtors
21,971 
11,971 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Taxes and social security
4,126 
5,395 
8,126 
9,395 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,000 
9,000 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -