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REGISTERED NUMBER: 10996066 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

TLC TECHNOLOGY LTD

TLC TECHNOLOGY LTD (REGISTERED NUMBER: 10996066)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TLC TECHNOLOGY LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr C P W Goom





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10996066 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

TLC TECHNOLOGY LTD (REGISTERED NUMBER: 10996066)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,397 4,530
3,397 4,530

CURRENT ASSETS
Debtors 6 46,998 95,444
Cash at bank 10,941 2,672
57,939 98,116
CREDITORS
Amounts falling due within one year 7 10,908 18,510
NET CURRENT ASSETS 47,031 79,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,428

84,136

PROVISIONS FOR LIABILITIES 8 849 1,132
NET ASSETS 49,579 83,004

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 9 49,539 82,964
SHAREHOLDERS' FUNDS 49,579 83,004

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

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

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 16 October 2024 and were signed by:




Mr C P W Goom - Director


TLC TECHNOLOGY LTD (REGISTERED NUMBER: 10996066)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

TLC Technology Ltd 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. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 6,931
AMORTISATION
At 1 November 2022
and 31 October 2023 6,931
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

TLC TECHNOLOGY LTD (REGISTERED NUMBER: 10996066)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 10,417 4,216 14,633
DEPRECIATION
At 1 November 2022 7,258 2,845 10,103
Charge for year 790 343 1,133
At 31 October 2023 8,048 3,188 11,236
NET BOOK VALUE
At 31 October 2023 2,369 1,028 3,397
At 31 October 2022 3,159 1,371 4,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 2,240 24,421
Other debtors 3,150 -
Directors' current accounts 3,522 -
Prepayments and accrued income 38,086 71,023
46,998 95,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,744 4,231
VAT 5,732 10,280
Other creditors 32 -
Accruals and deferred income 2,400 3,999
10,908 18,510

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 849 1,132

Deferred
tax
£   
Balance at 1 November 2022 1,132
Provided during year (283 )
Balance at 31 October 2023 849

TLC TECHNOLOGY LTD (REGISTERED NUMBER: 10996066)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. RESERVES
Retained
earnings
£   

At 1 November 2022 82,964
Deficit for the year (33,425 )
At 31 October 2023 49,539

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr C P W Goom
Balance outstanding at start of year - -
Amounts advanced 3,522 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,522 -

As at the balance sheet date, the company was owed £3,522 (2022: £nil) by the director. The amount is interest free and repaid within 9 months of the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C P W Goom.