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Company Registration No. 03870918 (England and Wales)
Teklagraf Limited Unaudited accounts for the year ended 31 March 2024
Teklagraf Limited Unaudited accounts Contents
Page
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Teklagraf Limited Company Information for the year ended 31 March 2024
Directors
Ben Whitwell Carl Simpson
Company Number
03870918 (England and Wales)
Registered Office
Unit 4 Kiln Park Searle Crescent Weston-Super-Mare BS23 3XP England
Accountants
Wheatley Tax 8 Calluna Close Wick-st-Lawrence Weston-super-Mare Somerset BS22 9TS
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Teklagraf Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,934 
104,082 
Current assets
Inventories
39,458 
26,458 
Debtors
205,414 
197,476 
Cash at bank and in hand
129,907 
180,130 
374,779 
404,064 
Creditors: amounts falling due within one year
(202,166)
(101,763)
Net current assets
172,613 
302,301 
Total assets less current liabilities
248,547 
406,383 
Creditors: amounts falling due after more than one year
(12,810)
(97,291)
Provisions for liabilities
Deferred tax
(18,984)
(19,776)
Net assets
216,753 
289,316 
Capital and reserves
Called up share capital
50 
50 
Share premium
(151,604)
(151,604)
Profit and loss account
368,307 
440,870 
Shareholders' funds
216,753 
289,316 
For the year ending 31 March 2024 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 4 October 2024 and were signed on its behalf by
Carl Simpson Director Company Registration No. 03870918
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Teklagraf Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Teklagraf Limited is a private company, limited by shares, registered in England and Wales, registration number 03870918. The registered office is Unit 4 Kiln Park, Searle Crescent, Weston-Super-Mare, BS23 3XP, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
15% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
15% Reducing Balance
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Foreign exchange
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.
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Teklagraf Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
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
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
5,000 
At 31 March 2024
5,000 
Amortisation
At 1 April 2023
5,000 
At 31 March 2024
5,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
347,794 
7,064 
11,644 
366,502 
Additions
- 
- 
14,308 
14,308 
Disposals
(96,794)
(6,464)
(4,450)
(107,708)
At 31 March 2024
251,000 
600 
21,502 
273,102 
Depreciation
At 1 April 2023
253,930 
3,033 
5,457 
262,420 
Charge for the year
11,538 
23 
8,521 
20,082 
On disposals
(79,848)
(2,524)
(2,962)
(85,334)
At 31 March 2024
185,620 
532 
11,016 
197,168 
Net book value
At 31 March 2024
65,380 
68 
10,486 
75,934 
At 31 March 2023
93,864 
4,031 
6,187 
104,082 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
63,418 
62,050 
Other debtors
141,996 
135,426 
205,414 
197,476 
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Teklagraf Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
41,667 
33,854 
VAT
18,843 
23,807 
Trade creditors
30,304 
18,098 
Taxes and social security
45,398 
23,596 
Other creditors
740 
708 
Loans from directors
62,000 
- 
Accruals
3,214 
1,700 
202,166 
101,763 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,810 
97,291 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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