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REGISTERED NUMBER: 02214727 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TECFACS LIMITED

TECFACS LIMITED (REGISTERED NUMBER: 02214727)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECFACS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs S J Mason
Mrs P M Carstairs





REGISTERED OFFICE: 8 Milam Close
Arborfield
Berkshire
RG2 9FD





REGISTERED NUMBER: 02214727 (England and Wales)






TECFACS LIMITED (REGISTERED NUMBER: 02214727)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,026 17,077
Investments 6 185,537 165,613
198,563 182,690

CURRENT ASSETS
Debtors 7 344,556 356,599
Cash at bank and in hand 282,318 277,831
626,874 634,430
CREDITORS
Amounts falling due within one year 8 721,821 708,021
NET CURRENT LIABILITIES (94,947 ) (73,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,616

109,099

PROVISIONS FOR LIABILITIES 3,233 3,223
NET ASSETS 100,383 105,876

CAPITAL AND RESERVES
Called up share capital 9 5,153 5,153
Share premium 10,047 10,047
Retained earnings 85,183 90,676
SHAREHOLDERS' FUNDS 100,383 105,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TECFACS LIMITED (REGISTERED NUMBER: 02214727)

BALANCE SHEET - continued
31 MAY 2024


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 10 September 2024 and were signed on its behalf by:




Mrs S J Mason - Director



Mrs P M Carstairs - Director


TECFACS LIMITED (REGISTERED NUMBER: 02214727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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.

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.

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.

TECFACS LIMITED (REGISTERED NUMBER: 02214727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Investment income
Dividends on quoted equities are accounted for on the ex-dividend date. Interest income is accounted for on an accruals basis. All investment income is stated inclusive of any related taxation recoverable but net of any irrecoverable tax credits on UK dividends.

Investments
Quoted investments are valued at closing value. The movement in fair values is recognised through the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 23,053 2,052 20,881 45,986
Additions 99 - 1,172 1,271
Disposals - (2,052 ) - (2,052 )
At 31 May 2024 23,152 - 22,053 45,205
DEPRECIATION
At 1 June 2023 7,423 2,052 19,434 28,909
Charge for year 3,979 - 1,343 5,322
Eliminated on disposal - (2,052 ) - (2,052 )
At 31 May 2024 11,402 - 20,777 32,179
NET BOOK VALUE
At 31 May 2024 11,750 - 1,276 13,026
At 31 May 2023 15,630 - 1,447 17,077

TECFACS LIMITED (REGISTERED NUMBER: 02214727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 165,613
Revaluations 19,924
At 31 May 2024 185,537
NET BOOK VALUE
At 31 May 2024 185,537
At 31 May 2023 165,613

AT COST
At 31 May 2023 165,275
At 31st May 2022 218,516

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,935 52,623
Other debtors 287,621 303,976
344,556 356,599

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,369 25,795
Taxation and social security 68,336 35,995
Other creditors 596,116 646,231
721,821 708,021

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,637 Ordinary £1 4,637 4,637
516 Deferred £1 516 516
5,153 5,153

10. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £11,000 (2023: £17,600).

This amount is in relation to operating lease commitments which are payable over the next 1-3 years.