OFFICETEC (UK) LTD

Company Registration Number:
05664926 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

OFFICETEC (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

OFFICETEC (UK) LTD

Company Information

for the Period Ended 31 December 2023




Director: B Plowman
Mrs S E Plowman
Secretary: Mrs S E Plowman
Registered office: 67
Bridport Way
Braintree
Essex
CM7 9FP
Company Registration Number: 05664926 (England and Wales)

OFFICETEC (UK) LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The principal activity of the company in the year under review was that of the wholesale and retail trade of printer inks.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
B Plowman
Mrs S E Plowman

Secretary
Mrs S E Plowman

This report was approved by the board of directors on 9 August 2024
And Signed On Behalf Of The Board By:

Name: B Plowman
Status: Director

Name: Mrs S E Plowman
Status: Director

OFFICETEC (UK) LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 3,200 4,800
Tangible assets: 6 857 363
Total fixed assets: 4,057 5,163
Current assets
Stocks: 569 1,155
Debtors: 7 3,411 2,148
Cash at bank and in hand: 8,785 4,128
Total current assets: 12,765 7,431
Creditors: amounts falling due within one year: 8 ( 13,026 ) ( 12,482 )
Net current assets (liabilities): ( 261 ) ( 5,051 )
Total assets less current liabilities: 3,796 112
Creditors: amounts falling due after more than one year: 9 ( 1,437 ) ( 40 )
Total net assets (liabilities): 2,359 72

The notes form part of these financial statements

OFFICETEC (UK) LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 2,349 62
Shareholders funds: 2,359 72

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 9 August 2024
And Signed On Behalf Of The Board By:

Name: B Plowman
Status: Director

Name: Mrs S E Plowman
Status: Director

The notes form part of these financial statements

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax

    Tangible fixed assets depreciation policy

    Depreciation is calculated to reduce the cost of tangible fixed assets to the anticipated residual value of the assets concerned in equal annual instalments over their estimated useful lives as follows:

    Office equipment - 25% per annum
    Fixtures and fittings - 25% per annum

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of a business at the beginning 2006, is being amortised evenly over its estimated useful life of 20 years.

    Other accounting policies

    Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Dividends


2023
£

2022
£
Dividends paid 2,000 3,600

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Intangible assets

Goodwill Total
Cost £ £
At 01 January 2023 32,000 32,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 32,000 32,000
Amortisation
Amortisation at 01 January 2023 27,200 27,200
Charge for year 1,600 1,600
On disposals - -
Other adjustments - -
Amortisation at 31 December 2023 28,800 28,800
Net book value
Net book value at 31 December 2023 3,200 3,200
Net book value at 31 December 2022 4,800 4,800

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 January 2023 2,204 1,892 4,096
Additions - 825 825
Disposals - ( 629 ) ( 629 )
Revaluations - - -
Transfers - - -
At 31 December 2023 2,204 2,088 4,292
Depreciation
At 01 January 2023 2,202 1,531 3,733
Charge for year - 327 327
On disposals - ( 625 ) ( 625 )
Other adjustments - - -
At 31 December 2023 2,202 1,233 3,435
Net book value
At 31 December 2023 2 855 857
At 31 December 2022 2 361 363

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors


2023
£

2022
£
Trade debtors 3,411 2,148
Total 3,411 2,148

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 10,245 9,943
Taxation and social security 2,781 2,539
Total 13,026 12,482

OFFICETEC (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

9.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 1,437 40
Total 1,437 40

During the year, B Plowman, director and shareholder of the company introduce to the company £1,397.The total amount owed by the company to B Plowman at 31 December 2023 was £1,437 (£40 - 2022) and is included in creditors amounts falling due after one year.