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REGISTERED NUMBER: 06039006 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TECHVENTURE LIMITED

TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHVENTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr D P Singh





SECRETARY: Mrs R Singh





REGISTERED OFFICE: 36C Albemarle Road
Beckenham
BR3 5HN





REGISTERED NUMBER: 06039006 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,236 79,334

CURRENT ASSETS
Debtors 5 149,784 140,520
Cash at bank 115,169 58,815
264,953 199,335
CREDITORS
Amounts falling due within one year 6 (46,905 ) (35,686 )
NET CURRENT ASSETS 218,048 163,649
TOTAL ASSETS LESS CURRENT LIABILITIES 279,284 242,983

CREDITORS
Amounts falling due after more than one
year

7

(37,498

)

(65,655

)

PROVISIONS FOR LIABILITIES 9 (6,385 ) (8,048 )
NET ASSETS 235,401 169,280

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 235,301 169,180
SHAREHOLDERS' FUNDS 235,401 169,280

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

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

TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 29 October 2024 and were signed by:





Mr D P Singh - Director


TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

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


1. STATUTORY INFORMATION

Techventure 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.

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - evenly over the period of the lease
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 14,326 135,425 69,414 219,165
Additions - - 3,272 3,272
Disposals - (62,652 ) - (62,652 )
At 31 January 2024 14,326 72,773 72,686 159,785
DEPRECIATION
At 1 February 2023 11,358 79,887 48,586 139,831
Charge for year 742 14,604 6,025 21,371
Eliminated on disposal - (62,653 ) - (62,653 )
At 31 January 2024 12,100 31,838 54,611 98,549
NET BOOK VALUE
At 31 January 2024 2,226 40,935 18,075 61,236
At 31 January 2023 2,968 55,538 20,828 79,334

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 135,425
Disposals (62,652 )
At 31 January 2024 72,773
DEPRECIATION
At 1 February 2023 79,887
Charge for year 14,604
Eliminated on disposal (62,653 )
At 31 January 2024 31,838
NET BOOK VALUE
At 31 January 2024 40,935
At 31 January 2023 55,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 149,784 140,520

TECHVENTURE LIMITED (REGISTERED NUMBER: 06039006)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 7,234 14,227
Trade creditors 376 351
Taxation and social security 31,205 4,493
Other creditors 8,090 16,615
46,905 35,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 37,498 65,655

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 44,732 79,882

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 6,385 8,048

Deferred
tax
£   
Balance at 1 February 2023 8,048
Credit to Income Statement during year (1,663 )
Balance at 31 January 2024 6,385

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Share capital 1 £1 100 100