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REGISTERED NUMBER: 03894578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TEKPRO LIMITED

TEKPRO LIMITED (REGISTERED NUMBER: 03894578)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


TEKPRO LIMITED (REGISTERED NUMBER: 03894578)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 93,983 115,723
Investments 6 100 100
94,086 115,826

CURRENT ASSETS
Stocks 510,647 503,894
Debtors 7 181,033 209,167
Cash at bank and in hand 738,718 450,314
1,430,398 1,163,375
CREDITORS
Amounts falling due within one year 8 631,760 583,843
NET CURRENT ASSETS 798,638 579,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,724

695,358

PROVISIONS FOR LIABILITIES 27,360 31,996
NET ASSETS 865,364 663,362

CAPITAL AND RESERVES
Called up share capital 9 27 27
Capital redemption reserve 30 30
Retained earnings 865,307 663,305
SHAREHOLDERS' FUNDS 865,364 663,362

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




Mr S R Catchpole - Director


TEKPRO LIMITED (REGISTERED NUMBER: 03894578)

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

1. STATUTORY INFORMATION

Tekpro Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03894578

Registered office: Willow Park
North Walsham
Norfolk
NR28 0BD

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 net value of work performed and goods sold, excluding value added tax.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Other intangible assets - 20% and 33% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

TEKPRO LIMITED (REGISTERED NUMBER: 03894578)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Warranty provision
A provision for warranty work is made at the balance sheet date where the company may be required to carry out additional work to meet the obligations of the contract. When recognising and measuring a provision, the company evaluates it's own historical data both before and after the balance sheet date to determine whether an obligation existed at the balance sheet date.

Group accounts
The company is exempt from preparing consolidated financial statements under Section 398 of the Companies Act 2006. These financial statements solely reflect the transactions, assets and liabilities of the parent company.

3. EMPLOYEES

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 23,771
AMORTISATION
At 1 January 2023
and 31 December 2023 23,768
NET BOOK VALUE
At 31 December 2023 3
At 31 December 2022 3

TEKPRO LIMITED (REGISTERED NUMBER: 03894578)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 132,722 303,721 436,443
DEPRECIATION
At 1 January 2023 59,715 261,005 320,720
Charge for year 6,637 15,103 21,740
At 31 December 2023 66,352 276,108 342,460
NET BOOK VALUE
At 31 December 2023 66,370 27,613 93,983
At 31 December 2022 73,007 42,716 115,723

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 110,000
PROVISIONS
At 1 January 2023
and 31 December 2023 109,900
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,963 180,419
Other debtors 18,070 28,748
181,033 209,167

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 104,240 79,579
Taxation and social security 187,407 161,671
Other creditors 340,113 342,593
631,760 583,843

TEKPRO LIMITED (REGISTERED NUMBER: 03894578)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9 Ordinary 'A' £1 9 9
9 Ordinary 'B' £1 9 9
9 Ordinary 'C' £1 9 9
27 27