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REGISTERED NUMBER: 12869923 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TEKTER LIMITED

TEKTER LIMITED (REGISTERED NUMBER: 12869923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEKTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R J Walton





REGISTERED OFFICE: The Thatched Cottage
Chapel Porth
St Agnes
Truro
Cornwall
TR5 0NR





REGISTERED NUMBER: 12869923 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

TEKTER LIMITED (REGISTERED NUMBER: 12869923)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,800 5,000

CURRENT ASSETS
Cash at bank 400 15,993

CREDITORS
Amounts falling due within one year 5 2,514 16,829
NET CURRENT LIABILITIES (2,114 ) (836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

686

4,164

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 6 (2,200 ) -
Retained earnings 2,876 4,154
686 4,164

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.

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 29 November 2024 and were signed by:





R J Walton - Director


TEKTER LIMITED (REGISTERED NUMBER: 12869923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

tekter 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 as modified by the revaluation of certain assets.

At the Balance Sheet date the company has net current liabilities. In the opinion of the Director, the company is able to settle all debts as they fall due, for the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognize to turnover when the right to receive income from the customers becomes unconditional

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.

3. EMPLOYEES AND DIRECTORS

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

TEKTER LIMITED (REGISTERED NUMBER: 12869923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 5,000
Revaluations (2,200 )
At 29 February 2024 2,800
NET BOOK VALUE
At 29 February 2024 2,800
At 28 February 2023 5,000

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 (2,200 )
Cost 5,000
2,800

The company holds investment in Cryptocurrency, via a third party broker. The valuation of the investment at 29 February 2024 has been estimated by the Director.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,081 -
Taxation and social security 253 3,860
Other creditors 1,180 12,969
2,514 16,829

6. RESERVES
Revaluation
reserve
£   
Revaluation (2,200 )

At 29 February 2024 (2,200 )

7. RELATED PARTY DISCLOSURES

The Director withdrew net funds of £11,843 from the company during the year. At 29 February 2024, the company owed the Director owed £3. (2023: was owed £11,846 by the company.)

The Directors' current account was free of interest and repayable on demand.