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Company Registration No. 10828449 (England and Wales)
Teqniko Ltd Unaudited accounts for the year ended 30 June 2023
Teqniko Ltd Unaudited accounts Contents
Page
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Teqniko Ltd Company Information for the year ended 30 June 2023
Director
Shahab Naseer Sheikh
Company Number
10828449 (England and Wales)
Registered Office
8 Temple Court Temple Road Epsom KT19 8EZ ENGLAND
Accountants
Bluestone 7 Bell Yard London United Kingdom WC2A 2JR
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Teqniko Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
155 
Current assets
Debtors
10,579 
6,922 
Cash at bank and in hand
305 
24 
10,884 
6,946 
Creditors: amounts falling due within one year
(2,597)
2,221 
Net current assets
8,287 
9,167 
Total assets less current liabilities
8,288 
9,322 
Creditors: amounts falling due after more than one year
(7,809)
(8,745)
Provisions for liabilities
Deferred tax
(58)
(29)
Net assets
421 
548 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
420 
547 
Shareholders' funds
421 
548 
For the year ending 30 June 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 9 April 2024 and were signed on its behalf by
Shahab Naseer Sheikh Director Company Registration No. 10828449
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Teqniko Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Teqniko Ltd is a private company, limited by shares, registered in England and Wales, registration number 10828449. The registered office is 8 Temple Court, Temple Road, Epsom, KT19 8EZ, 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.
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:
Fixtures & fittings
25%
Computer equipment
33%
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Teqniko Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
2,104 
At 30 June 2023
2,104 
Depreciation
At 1 July 2022
1,949 
Charge for the year
154 
At 30 June 2023
2,103 
Net book value
At 30 June 2023
1 
At 30 June 2022
155 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
10,579 
6,922 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,500 
2,500 
Taxes and social security
15,313 
11,683 
Loans from directors
(16,016)
(16,804)
Accruals
800 
400 
2,597 
(2,221)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,809 
8,745 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Shahab Naseer Sheikh
16,804 
- 
788 
16,016 
16,804 
- 
788 
16,016 
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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