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Registered number: 08571012
TECD Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Jupp Castle Limited
ACCA
5 Taplins Court
Taplins Farm Lane
Hartley Wintney
RG27 8XU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08571012
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,530 2,951
2,530 2,951
CURRENT ASSETS
Stocks 5 5,776 25,238
Debtors 6 68,155 71,504
Cash at bank and in hand 158,878 237,019
232,809 333,761
Creditors: Amounts Falling Due Within One Year 7 (75,894 ) (136,607 )
NET CURRENT ASSETS (LIABILITIES) 156,915 197,154
TOTAL ASSETS LESS CURRENT LIABILITIES 159,445 200,105
Creditors: Amounts Falling Due After More Than One Year 8 (33,333 ) (51,667 )
NET ASSETS 126,112 148,438
CAPITAL AND RESERVES
Called up share capital 9 75 75
Profit and Loss Account 126,037 148,363
SHAREHOLDERS' FUNDS 126,112 148,438
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For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Andrea Wemyss
Director
15 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TECD Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08571012 . The registered office is 2nd Floor, Aquis House, 49-51 Blagrave Street, Reading, Berkshire, RG1 1PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks, goods in transit and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2022 3,035
Additions 709
As at 30 September 2023 3,744
Depreciation
As at 1 October 2022 84
Provided during the period 1,130
As at 30 September 2023 1,214
Net Book Value
As at 30 September 2023 2,530
As at 1 October 2022 2,951
5. Stocks
2023 2022
£ £
Finished goods 5,776 25,238
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46,323 33,585
Amounts owed by group undertakings 15,462 16,562
Other debtors 6,370 21,357
68,155 71,504
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 11,429 60,877
Bank loans and overdrafts 20,000 20,000
Other creditors 33,504 49,687
Taxation and social security 10,961 6,043
75,894 136,607
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,333 51,667
33,333 51,667
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 75 75
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr Stephen Wemyss 16,000 - 10,000 - 6,000
The above loan is unsecured, interest free and repayable on demand.
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