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REGISTERED NUMBER: 08107671 (England and Wales)












TECHJOINT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHJOINT LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: M J P Healy





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 08107671 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 496,117 572,839

CURRENT ASSETS
Stocks 4,764 1,689
Debtors 5 2,735,691 1,771,968
Cash at bank 3,527,024 3,128,103
6,267,479 4,901,760
CREDITORS
Amounts falling due within one year 6 (3,416,919 ) (1,790,778 )
NET CURRENT ASSETS 2,850,560 3,110,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,677

3,683,821

PROVISIONS FOR LIABILITIES 8 (80,187 ) (97,027 )
NET ASSETS 3,266,490 3,586,794

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 3,265,490 3,585,794
SHAREHOLDERS' FUNDS 3,266,490 3,586,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

BALANCE SHEET - continued
29 February 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 18 November 2024 and were signed by:





M J P Healy - Director


TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Techjoint 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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 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.

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.

TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 240,045 1,367,864 1,607,909
Additions - 158,975 158,975
Disposals - (89,529 ) (89,529 )
At 29 February 2024 240,045 1,437,310 1,677,355
DEPRECIATION
At 1 March 2023 - 1,035,070 1,035,070
Charge for year - 231,848 231,848
Eliminated on disposal - (85,680 ) (85,680 )
At 29 February 2024 - 1,181,238 1,181,238
NET BOOK VALUE
At 29 February 2024 240,045 256,072 496,117
At 28 February 2023 240,045 332,794 572,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,870 -
Directors' current accounts 127,545 -
VAT 341,482 173,437
Prepayments and accrued income 2,264,794 1,598,531
2,735,691 1,771,968

TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 7) - 14,020
Trade creditors 2,566,545 1,258,390
Site logistics Ltd 8,651 15,576
Tax 221,780 170,938
Social security and other taxes 1,459 6,099
Other creditors 4,274 11,490
Directors' current accounts - 688
Accrued expenses 614,210 313,577
3,416,919 1,790,778

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans - 14,020

The loan is interest free and is payable on demand.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 80,187 97,027

Deferred
tax
£   
Balance at 1 March 2023 97,027
Provided during year (16,840 )
Balance at 29 February 2024 80,187

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

TECHJOINT LIMITED (REGISTERED NUMBER: 08107671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

10. RESERVES
Retained
earnings
£   

At 1 March 2023 3,585,794
Profit for the year 84,947
Dividends (405,251 )
At 29 February 2024 3,265,490

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
M J P Healy
Balance outstanding at start of year (688 ) (912 )
Amounts advanced 128,232 66,224
Amounts repaid - (66,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,544 (688 )

12. RELATED PARTY DISCLOSURES

The director Mr M Healy holds a participating interest in Site Logistic Ltd.

During the year, Techjoint Ltd received a £8,651 loan from Site Logistic Ltd. At the year end a balance of £8,651 (2023: £15,576) was owed to Site Logistic Ltd. The loan is interest free and payable on demand.