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REGISTERED NUMBER: 04015660 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

TEK ELECTRONICS LIMITED

TEK ELECTRONICS LIMITED (REGISTERED NUMBER: 04015660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEK ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr J Catchpole
Mrs V J Catchpole
Mr G Childerhouse





SECRETARY: Mr J Catchpole





REGISTERED OFFICE: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 04015660 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

TEK ELECTRONICS LIMITED (REGISTERED NUMBER: 04015660)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 232 322
Tangible assets 5 3,003 4,357
3,235 4,679

CURRENT ASSETS
Stocks 6,208 3,612
Debtors 6 23,896 13,427
Cash at bank 32,842 22,781
62,946 39,820
CREDITORS
Amounts falling due within one year 7 47,879 54,590
NET CURRENT ASSETS/(LIABILITIES) 15,067 (14,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,302

(10,091

)

CAPITAL AND RESERVES
Called up share capital 8 180 180
Retained earnings 18,122 (10,271 )
SHAREHOLDERS' FUNDS 18,302 (10,091 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





Mr J Catchpole - Director


TEK ELECTRONICS LIMITED (REGISTERED NUMBER: 04015660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

TEK Electronics 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.

The company relies on the continued support of the bank and the director to meet its day to day working capital requirements.The director has indicated his willingness to support the company as necessary for the foreseeable future. On this basis, the company's director considers it appropriate for these financial statements to be prepared on a going concern basis.

Turnover
Turnover represents net value of work performed and goods sold, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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% straight line
Fixtures and fittings - 33% straight line
Computer equipment - 33% straight line

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TEK ELECTRONICS LIMITED (REGISTERED NUMBER: 04015660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 360
AMORTISATION
At 1 May 2022 38
Charge for year 90
At 30 April 2023 128
NET BOOK VALUE
At 30 April 2023 232
At 30 April 2022 322

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 74,328
Additions 555
At 30 April 2023 74,883
DEPRECIATION
At 1 May 2022 69,971
Charge for year 1,909
At 30 April 2023 71,880
NET BOOK VALUE
At 30 April 2023 3,003
At 30 April 2022 4,357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,829 12,584
Other debtors 1,067 843
23,896 13,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,251 6,052
Taxation and social security 6,893 1,840
Other creditors 29,735 46,698
47,879 54,590

TEK ELECTRONICS LIMITED (REGISTERED NUMBER: 04015660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary A £1 90 90
90 Ordinary B £1 90 90
180 180