Registered number
12629466
TEKSS Ltd
Unaudited Filleted Accounts
31 May 2024
TEKSS Ltd
Registered number: 12629466
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 371 620
Current assets
Debtors 4 55,603 -
Cash at bank and in hand 111 144
55,714 144
Creditors: amounts falling due within one year 5 (55,976) (29,161)
Net current liabilities (262) (29,017)
Net assets/(liabilities) 109 (28,397)
Capital and reserves
Called up share capital 109 109
Profit and loss account - (28,506)
Shareholder's funds 109 (28,397)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ethan John Dempsey
Director
Approved by the board on 22 August 2024
TEKSS Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Equipment etc
£
Cost
At 1 June 2023 2,031
Additions 323
At 31 May 2024 2,354
Depreciation
At 1 June 2023 1,411
Charge for the year 572
At 31 May 2024 1,983
Net book value
At 31 May 2024 371
At 31 May 2023 620
4 Debtors 2024 2023
£ £
Other debtors 55,603 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 50,650 8,971
Other creditors 5,326 20,190
55,976 29,161
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Ethan Dempsey - 18,866 - 18,866
- 18,866 - 18,866
7 Controlling party
At the balnce sheet date, Ethan Dempsey is the controlling party by virtue of his shareholding and directorship.
8 Other information
TEKSS Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Christchurch Street
London
SW3 4AW
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