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REGISTERED NUMBER: SC207770 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TEKBO LTD.

TEKBO LTD. (REGISTERED NUMBER: SC207770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEKBO LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: G Brownlie





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ





REGISTERED NUMBER: SC207770 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

TEKBO LTD. (REGISTERED NUMBER: SC207770)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 761,531 787,556

CURRENT ASSETS
Stocks 238,998 177,255
Debtors 5 208,632 168,789
Cash at bank and in hand 280,181 124,135
727,811 470,179
CREDITORS
Amounts falling due within one year 6 689,893 621,645
NET CURRENT ASSETS/(LIABILITIES) 37,918 (151,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,449

636,090

CREDITORS
Amounts falling due after more than one
year

7

(156,224

)

(218,946

)

PROVISIONS FOR LIABILITIES (42,741 ) (34,155 )
NET ASSETS 600,484 382,989

CAPITAL AND RESERVES
Called up share capital 22,000 22,000
Share premium (480,500 ) (480,500 )
Retained earnings 1,058,984 841,489
SHAREHOLDERS' FUNDS 600,484 382,989

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

TEKBO LTD. (REGISTERED NUMBER: SC207770)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 30 August 2024 and were signed by:





G Brownlie - Director


TEKBO LTD. (REGISTERED NUMBER: SC207770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Tekbo Ltd. 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
Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on a straight line basis
Plant and machinery etc - 33% on a straight line basis, 25% on a reducing balance basis, 25% on a straight line basis, 20% on a reducing balance basis and 2% on a straight line basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 35 (2022 - 43 ) .

TEKBO LTD. (REGISTERED NUMBER: SC207770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 738,132 1,015,072 1,753,204
Additions - 52,378 52,378
At 31 August 2023 738,132 1,067,450 1,805,582
DEPRECIATION
At 1 September 2022 190,521 775,127 965,648
Charge for year 14,763 63,640 78,403
At 31 August 2023 205,284 838,767 1,044,051
NET BOOK VALUE
At 31 August 2023 532,848 228,683 761,531
At 31 August 2022 547,611 239,945 787,556

The net book value of assets held under finance at the balance sheet date was £81,754 (2021: £81,756).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 208,632 167,629
Other debtors - 1,160
208,632 168,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 59,254 46,630
Hire purchase contracts 34,219 27,417
Trade creditors 378,953 374,022
Taxation and social security 130,546 111,429
Other creditors 86,921 62,147
689,893 621,645

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 106,226 165,901
Hire purchase contracts 49,998 53,045
156,224 218,946