Company Registration No. 03870918 (England and Wales)
Teklagraf Limited
Unaudited accounts
for the year ended 31 March 2024
Teklagraf Limited
Unaudited accounts
Contents
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
Teklagraf Limited
Statement of financial position
as at 31 March 2024
Tangible assets
75,934
104,082
Cash at bank and in hand
129,907
180,130
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
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
Teklagraf Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 has been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
Teklagraf Limited
Notes to the Accounts
for the year ended 31 March 2024
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
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
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
At 31 March 2024
65,380
68
10,486
75,934
At 31 March 2023
93,864
4,031
6,187
104,082
Amounts falling due within one year
Amounts due from group undertakings etc.
63,418
62,050
Other debtors
141,996
135,426
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
Trade creditors
30,304
18,098
Taxes and social security
45,398
23,596
Loans from directors
62,000
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).