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REGISTERED NUMBER: 12767975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

TB Technology Limited

TB Technology Limited (Registered number: 12767975)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TB Technology Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: P A Taylor
B S Burridge





REGISTERED OFFICE: The Business Centre
Edward Street
Redditch
Worcestershire
B97 6HA





REGISTERED NUMBER: 12767975 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

TB Technology Limited (Registered number: 12767975)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,669 31,543

CURRENT ASSETS
Stocks 55,740 46,685
Debtors 40,041 42,685
Cash at bank 49,975 22,621
145,756 111,991
CREDITORS
Amounts falling due within one year 147,498 102,771
NET CURRENT (LIABILITIES)/ASSETS (1,742 ) 9,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,927

40,763

CREDITORS
Amounts falling due after more than one
year

21,299

17,894
NET ASSETS 23,628 22,869

CAPITAL AND RESERVES
Called up share capital 5 200 200
Retained earnings 23,428 22,669
SHAREHOLDERS' FUNDS 23,628 22,869

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

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

TB Technology Limited (Registered number: 12767975)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:




B S Burridge - Director



P A Taylor - Director


TB Technology Limited (Registered number: 12767975)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

TB Technology 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

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 - 33% on cost
Motor vehicles - 25% on reducing balance
Equipment - 20% on cost

Tangible fixed assets are stated at cost less depreciation.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

TB Technology Limited (Registered number: 12767975)

Notes to the Financial Statements - continued
for the year ended 31 July 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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 52,512
Additions 33,042
Disposals (3,255 )
At 31 July 2024 82,299
DEPRECIATION
At 1 August 2023 20,969
Charge for year 15,312
Eliminated on disposal (651 )
At 31 July 2024 35,630
NET BOOK VALUE
At 31 July 2024 46,669
At 31 July 2023 31,543

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2023 26,995
Additions 14,799
At 31 July 2024 41,794
DEPRECIATION
At 1 August 2023 11,810
Charge for year 7,496
At 31 July 2024 19,306
NET BOOK VALUE
At 31 July 2024 22,488
At 31 July 2023 15,185

TB Technology Limited (Registered number: 12767975)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

6. ULTIMATE CONTROLLING PARTY

The controlling parties during the period were the Directors.