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REGISTERED NUMBER: 07015685 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Techfor Energy Limited

Techfor Energy Limited (Registered number: 07015685)






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


Techfor Energy Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R Ashby
G Ashby





REGISTERED OFFICE: C/O Big Yellow Storage, Unit 1
Cobbett Park, 22 - 28 Moorfield Road
Slyfield Industrial Estate
Guildford
Surrey
GU1 1RU





REGISTERED NUMBER: 07015685 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Techfor Energy Limited (Registered number: 07015685)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 87,349 64,336
87,349 64,336

CURRENT ASSETS
Stocks 5 197,059 185,266
Debtors 6 122,695 105,264
Cash at bank and in hand 12,770 81,209
332,524 371,739
CREDITORS
Amounts falling due within one year 7 (125,750 ) (93,535 )
NET CURRENT ASSETS 206,774 278,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,123

342,540

CREDITORS
Amounts falling due after more than one
year

8

(71,326

)

(91,683

)
NET ASSETS 222,797 250,857

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 222,795 250,855
SHAREHOLDERS' FUNDS 222,797 250,857

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 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.

Techfor Energy Limited (Registered number: 07015685)

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





R Ashby - Director


Techfor Energy Limited (Registered number: 07015685)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. 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.

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 nil years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

Techfor Energy Limited (Registered number: 07015685)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 2,660
AMORTISATION
At 1 February 2023
and 31 January 2024 2,660
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,526 647 156,290 21,179 188,642
Additions 1,693 - 50,020 416 52,129
At 31 January 2024 12,219 647 206,310 21,595 240,771
DEPRECIATION
At 1 February 2023 9,916 636 98,393 15,361 124,306
Charge for year 576 3 26,979 1,558 29,116
At 31 January 2024 10,492 639 125,372 16,919 153,422
NET BOOK VALUE
At 31 January 2024 1,727 8 80,938 4,676 87,349
At 31 January 2023 610 11 57,897 5,818 64,336

5. STOCKS
2024 2023
£    £   
Stocks 197,059 185,266

Techfor Energy Limited (Registered number: 07015685)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,654 59,255
Deposits 155 155
Trade creditors - 7,469
Capital on tap - 1,200
Net wages - 19
VAT 47,491 12,771
Prepayments and accrued income 24,395 24,395
122,695 105,264

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 67,721 39,083
Trade creditors 39,790 -
Undeposited Funds 1,935 1,935
Corporation tax - 46,637
Social security and other tax 2,326 3,737
Pension Liability 830 682
Directors' current accounts 13,148 1,461
125,750 93,535

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 23,218 31,575
Other loans (see note 9) 48,108 60,108
71,326 91,683

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 23,218 31,575
Techfor Intercompany Loan A/c 48,108 60,108
71,326 91,683

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
IWOCA-Loan 67,721 39,083

Amounts falling due in more than five years:

Techfor Energy Limited (Registered number: 07015685)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bounce Back Loan 23,218 31,575
Techfor Intercompany Loan A/c 48,108 60,108
71,326 91,683

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

The company is under the control of G Ashby and R Ashby.throughout the year.