Techmissions Limited 01752799 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true 01752799 2023-10-01 2024-09-30 01752799 2024-09-30 01752799 bus:OrdinaryShareClass1 2024-09-30 01752799 bus:OrdinaryShareClass2 2024-09-30 01752799 bus:OrdinaryShareClass3 2024-09-30 01752799 core:OtherReservesSubtotal 2024-09-30 01752799 core:RetainedEarningsAccumulatedLosses 2024-09-30 01752799 core:ShareCapital 2024-09-30 01752799 core:CurrentFinancialInstruments 2024-09-30 01752799 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01752799 bus:SmallEntities 2023-10-01 2024-09-30 01752799 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01752799 bus:FullAccounts 2023-10-01 2024-09-30 01752799 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01752799 bus:RegisteredOffice 2023-10-01 2024-09-30 01752799 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 01752799 bus:Director2 2023-10-01 2024-09-30 01752799 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01752799 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 01752799 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 01752799 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01752799 core:OfficeEquipment 2023-10-01 2024-09-30 01752799 countries:England 2023-10-01 2024-09-30 01752799 2023-09-30 01752799 2022-10-01 2023-09-30 01752799 2023-09-30 01752799 bus:OrdinaryShareClass1 2023-09-30 01752799 bus:OrdinaryShareClass2 2023-09-30 01752799 bus:OrdinaryShareClass3 2023-09-30 01752799 core:OtherReservesSubtotal 2023-09-30 01752799 core:RetainedEarningsAccumulatedLosses 2023-09-30 01752799 core:ShareCapital 2023-09-30 01752799 core:CurrentFinancialInstruments 2023-09-30 01752799 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01752799

Techmissions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

(filleted for filing purposes)

 

Techmissions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Techmissions Limited

Company Information

Directors

MZ Godfrey

PN Godfrey

Registered office

The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

 

Techmissions Limited

(Registration number: 01752799)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

370,000

370,000

Current assets

 

Debtors

5

5,896

6,800

Cash at bank and in hand

 

577

2,288

 

6,473

9,088

Creditors: Amounts falling due within one year

6

(6,738)

(14,672)

Net current liabilities

 

(265)

(5,584)

Total assets less current liabilities

 

369,735

364,416

Provisions for liabilities

(36,504)

(36,504)

Net assets

 

333,231

327,912

Capital and reserves

 

Called up share capital

7

4

4

Other reserves

154,795

154,795

Retained earnings

178,432

173,113

Shareholders' funds

 

333,231

327,912

 

Techmissions Limited

(Registration number: 01752799)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 February 2025 and signed on its behalf by:
 

.........................................
PN Godfrey
Director

 

Techmissions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

These financial statements were authorised for issue by the Board on 10 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Techmissions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Asset class

Depreciation method and rate

Office equipment

15% on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Techmissions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Investment properties

2024
£

At 1 October

370,000

At 30 September

370,000

The investment properties were valued on 30 September 2024 by the directors to give a fair value. The basis of this valuation was the open market. The investment property have a current value of £370,000 (2023 £370,000) and a carrying amount at historical cost of £178,701 (2023 £178,701).

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,896

6,800

 

5,896

6,800

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other related parties

4,596

10,248

Other creditors

 

2,142

4,424

 

6,738

14,672

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

Ordinary A share of £1 each

1

1

1

1

Ordinary B share of £1 each

1

1

1

1

 

4

4

4

4