TECHNATIVE SOLUTIONS LTD

Company Registration Number:
11018675 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

TECHNATIVE SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TECHNATIVE SOLUTIONS LTD

Company Information

for the Period Ended 30 November 2023




Director: Mr S Wadsworth
Mr B D Rhodes
Mr W H Chaplin
Registered office: Unit 3
Navigation Way
Dronfield
England
S18 2YA
Company Registration Number: 11018675 (England and Wales)

TECHNATIVE SOLUTIONS LTD

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal Activities

The Company is principally engaged in information technology services including installation of audio visual equipment and live streaming of events.

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Mr S Wadsworth
Mr B D Rhodes
Mr W H Chaplin

This report was approved by the board of directors on 22 August 2024
And Signed On Behalf Of The Board By:

Name: Mr S Wadsworth
Status: Director

TECHNATIVE SOLUTIONS LTD

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 337,949 413,528
Cost of sales ( 147,963 ) ( 186,149 )
Gross Profit or (Loss) 189,986 227,379
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 221,135 ) ( 331,788 )
Other operating income 0 0
Operating Profit or (Loss) ( 31,149 ) ( 104,409 )
Interest Receivable and Similar Income 28 4
Interest Payable and Similar Charges ( 3,113 ) ( 574 )
Profit or (Loss) Before Tax ( 34,234 ) ( 104,979 )
Tax on Profit 25,674 29,369
Profit or (Loss) for Period ( 8,560 ) ( 75,610 )

The notes form part of these financial statements

TECHNATIVE SOLUTIONS LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 53,621 70,056
Total fixed assets: 53,621 70,056
Current assets
Debtors: 5 16,485 5,405
Cash at bank and in hand: 10,039 52,116
Total current assets: 26,524 57,521
Creditors: amounts falling due within one year: 6 ( 41,137 ) ( 65,908 )
Net current assets (liabilities): ( 14,613 ) ( 8,387 )
Total assets less current liabilities: 39,008 61,669
Creditors: amounts falling due after more than one year: 7 ( 14,167 ) ( 19,167 )
Accruals and deferred income: ( 1,750 ) ( 3,850 )
Total net assets (liabilities): 23,091 38,652

The notes form part of these financial statements

TECHNATIVE SOLUTIONS LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 22,991 38,552
Shareholders funds: 23,091 38,652

For the year ending 30 November 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 22 August 2024
And Signed On Behalf Of The Board By:

Name: Mr S Wadsworth
Status: Director

The notes form part of these financial statements

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 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

    Revenue is recognised to the extent that is probable that the economic benefits will flow to the Company and the revenue can be reliably measured as the fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under cost model are stated at historical cost less accumulated depreciation and any accumulated impaired losses. Historical cost includes expenditure that is directly attributed to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
    Depreciation is provided on the following basis:

    Motor Vehicle 20% straight line
    Office Equipment 20% straight line

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 6

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 December 2022 67,719 122,256 189,975
Additions 10,027 0 10,027
Disposals ( 0 ) ( 42,314 ) ( 42,314 )
Revaluations 0 0 0
Transfers 0 0 0
At 30 November 2023 77,746 79,942 157,688
Depreciation
At 01 December 2022 40,792 79,127 119,919
Charge for year 11,366 15,096 26,462
On disposals ( 0 ) ( 42,314 ) ( 42,314 )
Other adjustments 0 0 0
At 30 November 2023 52,158 51,909 104,067
Net book value
At 30 November 2023 25,588 28,033 53,621
At 30 November 2022 26,927 43,129 70,056

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Trade debtors 16,485 5,405
Total 16,485 5,405

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 5,000 5,000
Trade creditors 21,934 38,533
Taxation and social security 11,481 12,815
Other creditors 2,722 9,560
Total 41,137 65,908

TECHNATIVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

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


2023
£

2022
£
Bank loans and overdrafts 14,167 19,167
Total 14,167 19,167