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REGISTERED NUMBER: SC597436 (Scotland)




















Techre Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Techre Consulting Limited (Registered number: SC597436)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Techre Consulting Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr R Milne
Mr J B Craig
Mr R J L Weir
Mr J R Hall



REGISTERED OFFICE: 7 Hopetoun Cresecnt
Edinburgh
United Kingdom
EH7 4AY



REGISTERED NUMBER: SC597436 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Starling Bank
5th Floor
1 Duval Square
London
E1 6PW

Techre Consulting Limited (Registered number: SC597436)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 361

CURRENT ASSETS
Debtors 5 113,469 123,114
Cash at bank 60,132 23,683
173,601 146,797
CREDITORS
Amounts falling due within one year 6 197,474 105,040
NET CURRENT (LIABILITIES)/ASSETS (23,873 ) 41,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,873

)

42,118

PROVISIONS FOR LIABILITIES - 69
NET (LIABILITIES)/ASSETS (23,873 ) 42,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,973 ) 41,949
SHAREHOLDERS' FUNDS (23,873 ) 42,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Techre Consulting Limited (Registered number: SC597436)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mr R J L Weir - Director


Techre Consulting Limited (Registered number: SC597436)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Techre Consulting Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Turnover represents the provision of consultancy and management services. Revenue is recognised on completion of service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Techre Consulting Limited (Registered number: SC597436)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 1,083
DEPRECIATION
At 1 June 2022 722
Charge for year 361
At 31 May 2023 1,083
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,019 112,514
Other debtors 16,450 10,600
113,469 123,114

Techre Consulting Limited (Registered number: SC597436)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,846 21,845
Taxation and social security 47,423 33,143
Other creditors 122,205 50,052
197,474 105,040

7. RELATED PARTY DISCLOSURES

During the year, there were sales totalling £24,000.00 (2022: £10,000) from Proximity Data Centres Limited, a company which registered at Proximity House Unit 2, Chester Gates, Dunkirk, Chester, England, CH1 6LT of which Rory Milne, John Bolton Craig, Roger John Lind Weir and John Richard Hall are directors. No amount (2022: £Nil) is outstanding at 31 May 2023.

8. PRIOR YEAR ADJUSTMENT

A restatement has been made to the prior year figures. Consultancy fees of £23,977 have been reallocated to directors' salaries for the year ended 31 May 2022. As a result, cost of sales has increased and administrative expenses have decreased by £23,977.

This restatement has occurred so as it is reported consistently with the year ended 31 May 2023. The impact on the profit for the year ended 31 May 2022 is £Nil.

9. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its directors, bankers and creditors.