0 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,054 684 685 1,369 685 1,370 235,000 120,000 355,000 355,000 235,000 xbrli:pure xbrli:shares iso4217:GBP 11658040 2022-12-01 2023-11-30 11658040 2023-11-30 11658040 2022-11-30 11658040 2021-12-01 2022-11-30 11658040 2022-11-30 11658040 2021-11-30 11658040 core:FurnitureFittings 2022-12-01 2023-11-30 11658040 bus:Director1 2022-12-01 2023-11-30 11658040 bus:Director2 2022-12-01 2023-11-30 11658040 core:FurnitureFittings 2022-11-30 11658040 core:FurnitureFittings 2023-11-30 11658040 core:WithinOneYear 2023-11-30 11658040 core:WithinOneYear 2022-11-30 11658040 core:ShareCapital 2023-11-30 11658040 core:ShareCapital 2022-11-30 11658040 core:RetainedEarningsAccumulatedLosses 2023-11-30 11658040 core:RetainedEarningsAccumulatedLosses 2022-11-30 11658040 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 11658040 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 11658040 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 11658040 core:Non-currentFinancialInstruments 2023-11-30 11658040 core:Non-currentFinancialInstruments 2022-11-30 11658040 core:FurnitureFittings 2022-11-30 11658040 bus:Director1 2022-11-30 11658040 bus:Director1 2023-11-30 11658040 bus:Director2 2022-11-30 11658040 bus:Director2 2023-11-30 11658040 bus:Director1 2021-11-30 11658040 bus:Director1 2022-11-30 11658040 bus:Director2 2021-11-30 11658040 bus:Director2 2022-11-30 11658040 bus:Director1 2021-12-01 2022-11-30 11658040 bus:Director2 2021-12-01 2022-11-30 11658040 bus:SmallEntities 2022-12-01 2023-11-30 11658040 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11658040 bus:FullAccounts 2022-12-01 2023-11-30 11658040 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11658040 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 11658040
Tek Invest Limited
Filleted Unaudited Financial Statements
30 November 2023
Tek Invest Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
685
1,370
Investments
5
355,000
235,000
----------
----------
355,685
236,370
Current assets
Cash at bank and in hand
6,621
3,106
Creditors: amounts falling due within one year
6
253,240
151,574
----------
----------
Net current liabilities
246,619
148,468
----------
----------
Total assets less current liabilities
109,066
87,902
----------
----------
Net assets
109,066
87,902
----------
----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
109,064
87,900
----------
----------
Shareholders funds
109,066
87,902
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 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 were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:
Mr K J Travis
Mr E J Travis
Director
Director
Company registration number: 11658040
Tek Invest Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Everett Road, Manchester, M20 3DW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Tangible assets
Fixtures and fittings
£
Cost
At 1 December 2022 and 30 November 2023
2,054
----------
Depreciation
At 1 December 2022
684
Charge for the year
685
----------
At 30 November 2023
1,369
----------
Carrying amount
At 30 November 2023
685
----------
At 30 November 2022
1,370
----------
5. Investments
Other investments other than loans
£
Cost
At 1 December 2022
235,000
Additions
120,000
----------
At 30 November 2023
355,000
----------
Impairment
At 1 December 2022 and 30 November 2023
----------
Carrying amount
At 30 November 2023
355,000
----------
At 30 November 2022
235,000
----------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,594
3,130
Other creditors
247,646
148,444
----------
----------
253,240
151,574
----------
----------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr K J Travis
( 74,006)
( 61,025)
14,092
( 120,939)
Mr E J Travis
( 74,006)
( 61,025)
8,800
( 126,231)
----------
----------
----------
----------
( 148,012)
( 122,050)
22,892
( 247,170)
----------
----------
----------
----------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr K J Travis
( 77,691)
3,685
( 74,006)
Mr E J Travis
( 77,691)
3,685
( 74,006)
----------
----------
----------
----------
( 155,382)
7,370
( 148,012)
----------
----------
----------
----------