Tech Results Limited 12282804 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Other information technology service activities Digita Accounts Production Advanced 6.30.9574.0 true 12282804 2022-11-01 2023-10-31 12282804 2023-10-31 12282804 bus:OrdinaryShareClass1 2023-10-31 12282804 core:CurrentFinancialInstruments 2023-10-31 12282804 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12282804 core:OfficeEquipment 2023-10-31 12282804 bus:SmallEntities 2022-11-01 2023-10-31 12282804 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12282804 bus:FilletedAccounts 2022-11-01 2023-10-31 12282804 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12282804 bus:RegisteredOffice 2022-11-01 2023-10-31 12282804 bus:CompanySecretary1 2022-11-01 2023-10-31 12282804 bus:Director1 2022-11-01 2023-10-31 12282804 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12282804 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12282804 core:OfficeEquipment 2022-11-01 2023-10-31 12282804 countries:EnglandWales 2022-11-01 2023-10-31 12282804 2022-10-31 12282804 core:OfficeEquipment 2022-10-31 12282804 2021-11-01 2022-10-31 12282804 2022-10-31 12282804 bus:OrdinaryShareClass1 2022-10-31 12282804 core:CurrentFinancialInstruments 2022-10-31 12282804 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 12282804 core:OfficeEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12282804

Tech Results Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Tech Results Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Tech Results Limited

Company Information

Director

P Sturges

Company secretary

L Sturges

Registered office

74A Station Road East
Oxted
Surrey
RH8 0PG

Accountants

Smart Accounting & Tax Solutions LLP
74A Station Road East
Oxted
Surrey
RH8 0PG

 

Tech Results Limited

(Registration number: 12282804)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,359

2,248

Current assets

 

Debtors

5

51,791

43,284

Cash at bank and in hand

 

61,675

49,997

 

113,466

93,281

Creditors: Amounts falling due within one year

6

(64,957)

(66,233)

Net current assets

 

48,509

27,048

Total assets less current liabilities

 

50,868

29,296

Provisions for liabilities

(119)

-

Net assets

 

50,749

29,296

Capital and reserves

 

Called up share capital

7

300

300

Retained earnings

50,449

28,996

Shareholders' funds

 

50,749

29,296

 

Tech Results Limited

(Registration number: 12282804)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 July 2024
 

.........................................
P Sturges
Director

   
     
 

Tech Results Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
74A Station Road East
Oxted
Surrey
RH8 0PG
England

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises Corporation Tax, based on the Company's taxable profit and chargeable gains. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Tech Results Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Tech Results Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Tech Results Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

8,343

8,343

Additions

2,092

2,092

At 31 October 2023

10,435

10,435

Depreciation

At 1 November 2022

6,095

6,095

Charge for the year

1,981

1,981

At 31 October 2023

8,076

8,076

Carrying amount

At 31 October 2023

2,359

2,359

At 31 October 2022

2,248

2,248

5

Debtors

Current

2023
£

2022
£

Trade debtors

36,825

25,274

Prepayments

14,966

18,010

 

51,791

43,284

 

Tech Results Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

29,851

22,966

Taxation and social security

8,056

10,577

Accruals and deferred income

12,084

12,977

Other creditors

14,966

19,713

64,957

66,233

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300