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REGISTERED NUMBER: 13007278 (England and Wales)


















Technique Magazine Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






Technique Magazine Ltd (Registered number: 13007278)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Technique Magazine Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P J Glynn





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 13007278 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Technique Magazine Ltd (Registered number: 13007278)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,450 5,888
Tangible assets 6 515 686
4,965 6,574

CURRENT ASSETS
Debtors 7 2,137 2,191
Cash at bank 66,831 44,366
68,968 46,557
CREDITORS
Amounts falling due within one year 8 13,681 12,612
NET CURRENT ASSETS 55,287 33,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,252

40,519

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 60,251 40,518
SHAREHOLDERS' FUNDS 60,252 40,519

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

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

The director acknowledges his 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 director and authorised for issue on 3 June 2024 and were signed by:



P J Glynn - Director


Technique Magazine Ltd (Registered number: 13007278)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Technique Magazine Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Computer Software is being amortised on a reducing balance basis of 25%

Patents and licences are being amortised evenly over their estimated useful life of 10 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment is being amortised on a reducing balance basis of 25%

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Technique Magazine Ltd (Registered number: 13007278)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 320 10,000 10,320
AMORTISATION
At 1 December 2022 57 4,375 4,432
Amortisation for year 32 1,406 1,438
At 30 November 2023 89 5,781 5,870
NET BOOK VALUE
At 30 November 2023 231 4,219 4,450
At 30 November 2022 263 5,625 5,888

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 915
DEPRECIATION
At 1 December 2022 229
Charge for year 171
At 30 November 2023 400
NET BOOK VALUE
At 30 November 2023 515
At 30 November 2022 686

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,172 2,152
Other debtors 965 39
2,137 2,191

Technique Magazine Ltd (Registered number: 13007278)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 78 56
Taxation and social security 13,603 9,813
Other creditors - 2,743
13,681 12,612

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1