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Registered number: 6906473

Techone Electronics Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Techone Electronics Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Kamal Simon Khan
SECRETARY
Kamran Joseph Khan
REGISTERED OFFICE
Gibsons Accountants Ltd
226 Oldham Road
Rochdale
Lancashire
OL11 2ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6906473
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Techone Electronics Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Techone Electronics Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets38,35710,756
CURRENT ASSETS
Cash at bank and in hand96,14286,633
96,14286,633
CREDITORS: Amounts falling due within one year493,39393,124
NET CURRENT ASSETS / (LIABILITIES)2,749(6,491)
TOTAL ASSETS LESS CURRENT LIABILITIES11,1064,265
CAPITAL AND RESERVES
Called up share capital5100100
Profit and loss account11,0064,165
SHAREHOLDERS' FUNDS11,1064,265
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/02/2025 and signed on their behalf by
.............................
Kamal Simon Khan
Director

Techone Electronics Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20242023
No.No.
Average number of employees12

Techone Electronics Ltd

3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/06/20233,34518,50021,845
Additions386-386
At 31/05/20243,73118,50022,231
Depreciation
At 01/06/20231,6949,39511,089
For the year5092,2762,785
At 31/05/20242,20311,67113,874
Net Book Amounts
At 31/05/20241,5286,8298,357
At 31/05/20231,6519,10510,756
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT1,9601,478
PAYE control1,9151,915
Directors current account3,5203,722
Other creditors - Grotec UK Ltd85,29885,298
Accruals700711
93,39393,124
5. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100