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REGISTERED NUMBER: 11757231 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Techtile Ltd

Techtile Ltd (Registered number: 11757231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Techtile Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: L D Vickery





REGISTERED OFFICE: 25 Acacia Avenue
Owlsmoor
Sandhurst
United Kingdom
GU47 0RU





REGISTERED NUMBER: 11757231 (England and Wales)





ACCOUNTANTS: ansteybond
1 Charterhouse Mews
London
EC1M 6BB

Techtile Ltd (Registered number: 11757231)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,387 7,984

CURRENT ASSETS
Debtors 5 64,918 131,939
Cash at bank 34,852 13,376
99,770 145,315
CREDITORS
Amounts falling due within one year 6 (80,807 ) (119,128 )
NET CURRENT ASSETS 18,963 26,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,350

34,171

CREDITORS
Amounts falling due after more than one year 7 (23,865 ) (32,567 )

PROVISIONS FOR LIABILITIES (1,213 ) (1,517 )
NET ASSETS 272 87

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 8 252 67
272 87

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

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

Techtile Ltd (Registered number: 11757231)

Balance Sheet - continued
31 January 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 28 January 2025 and were signed by:





L D Vickery - Director


Techtile Ltd (Registered number: 11757231)

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

1. STATUTORY INFORMATION

Techtile 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.

Asset ClassDepreciation method and rate
Plant and machinery20% Reducing balance

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.

Techtile Ltd (Registered number: 11757231)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
In the company's financial statements, cash and cash equivalents includes cash on hand and deposits held with banks.

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment.

Trade and other creditors
Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 15,124
DEPRECIATION
At 1 February 2023 7,140
Charge for year 1,597
At 31 January 2024 8,737
NET BOOK VALUE
At 31 January 2024 6,387
At 31 January 2023 7,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 49,342 99,286
VAT 3,020 8,948
Prepayments and accrued income 12,556 23,705
64,918 131,939

Techtile Ltd (Registered number: 11757231)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 11,932 9,702
Trade creditors 14,662 16,972
Tax 31,073 28,568
Social security and other taxes 7,887 51,315
Other creditors 6,696 10,541
Directors' current accounts 6,157 -
Accrued expenses 2,400 2,030
80,807 119,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 23,865 32,567

8. RESERVES
Retained
earnings
£   

At 1 February 2023 67
Profit for the year 8,185
Dividends (8,000 )
At 31 January 2024 252

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L D Vickery.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Techtile Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Techtile Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Techtile Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Techtile Ltd and state those matters that we have agreed to state to the director of Techtile Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Techtile Ltd and its director for our work or for this report.

It is your duty to ensure that Techtile Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Techtile Ltd. You consider that Techtile Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Techtile Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ansteybond
1 Charterhouse Mews
London
EC1M 6BB


28 January 2025