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REGISTERED NUMBER: 07926666 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TECHFELLOW LTD

TECHFELLOW LTD (REGISTERED NUMBER: 07926666)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHFELLOW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Harrod
P Redman





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07926666 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

TECHFELLOW LTD (REGISTERED NUMBER: 07926666)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,209 8,134

CURRENT ASSETS
Debtors 5 204,312 236,073
Cash at bank 520,975 713,502
725,287 949,575
CREDITORS
Amounts falling due within one year 6 (62,380 ) (262,821 )
NET CURRENT ASSETS 662,907 686,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,116

694,888

PROVISIONS FOR LIABILITIES (1,552 ) (1,452 )
NET ASSETS 667,564 693,436

CAPITAL AND RESERVES
Called up share capital 7 720 720
Other reserves 5,302 5,302
Retained earnings 661,542 687,414
SHAREHOLDERS' FUNDS 667,564 693,436

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

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

TECHFELLOW LTD (REGISTERED NUMBER: 07926666)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:




P J Redman - Director



J Harrod - Director


TECHFELLOW LTD (REGISTERED NUMBER: 07926666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Techfellow Ltd 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.
Fixtures and fittings - 50% on cost
Computer equipment - 50% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


TECHFELLOW LTD (REGISTERED NUMBER: 07926666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 30,854 47,086 77,940
Additions 1,203 6,746 7,949
Disposals - (20,607 ) (20,607 )
At 30 April 2024 32,057 33,225 65,282
DEPRECIATION
At 1 May 2023 27,731 42,075 69,806
Charge for year 2,982 6,892 9,874
Eliminated on disposal - (20,607 ) (20,607 )
At 30 April 2024 30,713 28,360 59,073
NET BOOK VALUE
At 30 April 2024 1,344 4,865 6,209
At 30 April 2023 3,123 5,011 8,134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,037 198,265
Other debtors 25,275 37,808
204,312 236,073

TECHFELLOW LTD (REGISTERED NUMBER: 07926666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,584 9,698
Taxation and social security 43,013 211,879
Other creditors 17,783 41,244
62,380 262,821

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal 2024 2023
Value £ £

180 Ordinary A £1 180 180
180 Ordinary B £1 180 180
180 Ordinary C £1 180 180
180 Ordinary D £1 180 180
720 720

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors, is loans to the company from directors totalling £389 (2023: -£12,276). Interest has been charged on the loan at HMRC's approved interest rate of 2.5% and the loan is repayable on demand.

9. SHARE-BASED PAYMENT TRANSACTIONS

Certain employees of the Company have been granted options in the share option scheme of the Company for the primary purpose of providing incentives to the selected employees. Under the scheme, the board of directors may grant options to eligible employees of the Company to subscribe for shares in the Company.

The vesting conditions have been met to their full extent during the accounting period and therefore the fair value of the options, as assessed using the Black-Scholes pricing model, has been recognised in full via profit or loss.

Outstanding at the end of the year were 42 options with a weighted average strike price (per share) of £314, an exercise price (per share) of £349 and a remaining weighted average contractual life of 6 years.