Company Registration No. 04543788 (England and Wales)
TEK-CAL LTD
Unaudited accounts
for the year ended 30 November 2023
TEK-CAL LTD
Company Information
for the year ended 30 November 2023
Directors
Mr PG Taylor
Mr T Small
Company Number
04543788 (England and Wales)
Registered Office
Stone Creek House Cherry Cobb Sands Road
Burstwick
Hull
HU12 9JX
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TEK-CAL LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TEK-CAL LTD for the year ended
30 November 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Kendall Accountancy Services Limited
Chartered Accountants
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
27 August 2024
TEK-CAL LTD
Statement of financial position
as at 30 November 2023
Tangible assets
202,604
125,485
Cash at bank and in hand
134,943
98,540
Creditors: amounts falling due within one year
(107,427)
(105,669)
Net current assets
225,346
164,765
Total assets less current liabilities
427,950
290,250
Provisions for liabilities
Deferred tax
(51,752)
(27,304)
Net assets
376,198
262,946
Called up share capital
2
2
Profit and loss account
376,196
262,944
Shareholders' funds
376,198
262,946
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Mr PG Taylor
Director
Company Registration No. 04543788
TEK-CAL LTD
Notes to the Accounts
for the year ended 30 November 2023
TEK-CAL LTD is a private company, limited by shares, registered in England and Wales, registration number 04543788. The registered office is Stone Creek House Cherry Cobb Sands Road, Burstwick, Hull, HU12 9JX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
25% on reducing balance
Fixtures & fittings
10% on cost
Computer equipment
33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
TEK-CAL LTD
Notes to the Accounts
for the year ended 30 November 2023
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
70,203
136,278
-
1,636
208,117
Additions
20,958
102,380
388
2,344
126,070
Disposals
-
(17,600)
-
-
(17,600)
At 30 November 2023
91,161
221,058
388
3,980
316,587
At 1 December 2022
34,917
47,369
-
346
82,632
Charge for the year
15,508
27,445
32
857
43,842
On disposals
-
(12,491)
-
-
(12,491)
At 30 November 2023
50,425
62,323
32
1,203
113,983
At 30 November 2023
40,736
158,735
356
2,777
202,604
At 30 November 2022
35,286
88,909
-
1,290
125,485
Amounts falling due within one year
Trade debtors
184,838
159,040
Accrued income and prepayments
4,335
4,779
TEK-CAL LTD
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,262
7,354
Taxes and social security
25,209
32,102
Loans from directors
59,824
40,295
7
Average number of employees
During the year the average number of employees was 12 (2022: 10).