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REGISTERED NUMBER: 09625086 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

TEQ4 SYSTEMS LIMITED

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEQ4 SYSTEMS LIMITED

Company Information
for the year ended 30 September 2024







DIRECTORS: M Howe
J C Bullivant





SECRETARY: M Howe





REGISTERED OFFICE: Unit 3
Beeding Business Park
Shoreham Road
Upper Beeding
West Sussex
BN44 3TN





REGISTERED NUMBER: 09625086 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 583 666
Property, plant and equipment 5 15,480 1,607
Investments 6 - 100
16,063 2,373

CURRENT ASSETS
Inventories 93,140 -
Debtors 7 467,142 28,352
Cash at bank 75,287 54,429
635,569 82,781
CREDITORS
Amounts falling due within one year 8 (447,970 ) (28,535 )
NET CURRENT ASSETS 187,599 54,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,662

56,619

PROVISIONS FOR LIABILITIES 10 (3,755 ) -
NET ASSETS 199,907 56,619

CAPITAL AND RESERVES
Called up share capital 11 285 285
Share premium 49,989 49,989
Retained earnings 149,633 6,345
SHAREHOLDERS' FUNDS 199,907 56,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Balance Sheet - continued
30 September 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 5 November 2024 and were signed on its behalf by:





M Howe - Director


TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Teq4 Systems 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.

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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and comprises income from the sale of services connected to designing and building immersive experiences. These services are recognised at the point of sale unless a service contract spanning more then one month, in which case a relevant proportion of income is deferred and released in the next financial period.

Intangible assets
Intangible assets consists of domain names which are included at cost less accumulated amortisation, and if necessary, an adjustment for impairment.

Domains names are amortised on a straight line basis over 10 years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment- 25% on cost
Plant & machinery- 25% on cost
Fixtures & fittings- 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
Financial liabilities, financial assets and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Shares in group undertakings are recognised at cost with an impairment review carried out annually.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 October 2023
and 30 September 2024 833
AMORTISATION
At 1 October 2023 167
Amortisation for year 83
At 30 September 2024 250
NET BOOK VALUE
At 30 September 2024 583
At 30 September 2023 666

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 - - 2,143 2,143
Additions 11,463 2,410 3,219 17,092
At 30 September 2024 11,463 2,410 5,362 19,235
DEPRECIATION
At 1 October 2023 - - 536 536
Charge for year 1,830 313 1,076 3,219
At 30 September 2024 1,830 313 1,612 3,755
NET BOOK VALUE
At 30 September 2024 9,633 2,097 3,750 15,480
At 30 September 2023 - - 1,607 1,607

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023 100
Impairments (100 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 150,842 6,989
Other debtors 316,300 21,363
467,142 28,352

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 88,316 950
Taxation and social security 46,550 11,355
Other creditors 313,104 16,230
447,970 28,535

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,822 -
Between one and five years 6,809 -
40,631 -

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,755 -

TEQ4 SYSTEMS LIMITED (REGISTERED NUMBER: 09625086)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Accelerated capital allowances 3,755
Balance at 30 September 2024 3,755

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
28,538 Ordinary £0.01 1p 285 285

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, the company was owed £5,387 (2023: £6,948) by This Is City Attractions B.V, who own a minority holding in the company.