Registered number
03547260
Entech Technical Solutions Limited
Filleted Accounts
30 April 2024
Entech Technical Solutions Limited
Registered number: 03547260
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 106,346 -
Tangible assets 4 225,166 224,516
331,512 224,516
Current assets
Debtors 5 767,816 756,508
Cash at bank and in hand 7,200 61,039
775,016 817,547
Creditors: amounts falling due within one year 7 (633,275) (599,729)
Net current assets 141,741 217,818
Total assets less current liabilities 473,253 442,334
Creditors: amounts falling due after more than one year 8 (161,126) (114,669)
Net assets 312,127 327,665
Capital and reserves
Called up share capital 100 100
Revaluation reserve 10 85,000 85,000
Profit and loss account 227,027 242,565
Shareholders' funds 312,127 327,665
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Addati
Director
Approved by the board on 22 January 2025
Entech Technical Solutions Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the invoice date.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 10% reducing balance
Leasehold land and buildings 10% reducing balance
Fixtures, fittings, tools and equipment* 20% reducing balance
*Depreciation is not provided on the company database cost of £85,000 included under this category as the directors consider the amount at cost to be its carrying value.
Leases
Under IFRS16, the Company recognises leases as right-of-use assets and corresponding lease liabilities at the lease commencement date. The lease liability is initially measured at the present value of lease payments over the lease term. Right-of-use assets are initially measured at cost and subsequently depreciated over the shorter of the asset's useful life and the lease term.
Assets purchases under finance leases and hire purchase contracts
Assets acquired under finance leases and hire purchase contracts are recognised as assets and corresponding liabilities when the company has the ability to control the assets. These assets are initially recognised at the lower of the fair value of the asset and the present value of the minimum lease payments. The corresponding liability is recognized within borrowings in the statement of financial position. Subsequently, the assets are depreciated over their useful life, and the finance charge is allocated to accounting periods over the duration of the hire purchase agreement, based on a pattern that reflects a constant periodic rate of interest on the remaining balance of the liability.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Intangible fixed assets £
Right of use asset
Cost
Additions 132,933
At 30 April 2024 132,933
Amortisation
Provided during the year 26,587
At 30 April 2024 26,587
Net book value
At 30 April 2024 106,346
4 Tangible fixed assets
Land and buildings Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 67,811 268,077 136,905 472,793
Additions 9,582 9,522 - 19,104
At 30 April 2024 77,393 277,599 136,905 491,897
Depreciation
At 1 May 2023 57,798 176,788 13,691 248,277
Charge for the year 3,971 3,162 11,321 18,454
At 30 April 2024 61,769 179,950 25,012 266,731
Net book value
At 30 April 2024 15,624 97,649 111,893 225,166
At 30 April 2023 10,013 91,289 123,214 224,516
5 Debtors 2024 2023
£ £
Trade debtors (note 6) 367,137 463,320
Other debtors 90,487 90,487
Prepayments and accrued income 310,192 202,701
767,816 756,508
6 Trade debtors
Trade debtors represent amounts factored with the company's factoring agents
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 106,524 93,171
Obligations under finance lease and hire purchase contracts 15,197 12,772
Trade creditors 20,826 42,819
Right of use liability - office lease 26,587 -
Taxation and social security costs 128,636 135,110
Other creditors (note 9) 335,505 315,857
633,275 599,729
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,746 25,925
Obligations under finance lease and hire purchase contracts 71,123 88,744
Right of use liability - office lease 74,257 -
161,126 114,669
9 Other creditors and provisions
Other creditors include an amount of £322,262 representing advances from the company's factoring agents (2023 - £315,526).
Provision for deferred tax has not been provided as the directors consider that temporary timing differences are not likely to reverse.
10 Revaluation reserve 2024 2023
£ £
At 1 May 2023 85,000 85,000
At 30 April 2024 85,000 85,000
11 Other information
Entech Technical Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:"Suite 11, KD Tower, Cotterells, Hemel Hempstead, HP1 1FW
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