Techniquant Ltd Filleted Accounts Cover
Techniquant Ltd
Company No. 07163422
Information for Filing with The Registrar
31 March 2024
Techniquant Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Science Consultancy.
Director
The Director who served at any time during the year was as follows:
P. Zaffaroni
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P. Zaffaroni
Director
31 March 2024
Techniquant Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
07163422
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
3,5003,500
Tangible assets
5
--
Investments
6
587,567499,961
591,067503,461
Current assets
Cash at bank and in hand
55,29753,160
55,29753,160
Creditors: Amount falling due within one year
7
(23,468)
(39,796)
Net current assets
31,82913,364
Total assets less current liabilities
622,896516,825
Net assets
622,896516,825
Capital and reserves
Called up share capital
22
Profit and loss account
9
622,894516,823
Total equity
622,896516,825
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024 and signed on its behalf by:
P. Zaffaroni
Director
31 March 2024
Techniquant Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Techniquant Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07163422
Its registered office is:
1 Hoadly Road
Cambridge
CB3 0HX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 April 2023
3,5003,500
At 31 March 2024
3,5003,500
Amortisation and impairment
Net book values
At 31 March 2024
3,5003,500
At 31 March 2023
3,5003,500
5
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 April 2023
1,3901,390
At 31 March 2024
1,3901,390
Depreciation
At 1 April 2023
1,3901,390
At 31 March 2024
1,3901,390
Net book values
At 31 March 2024
--
At 31 March 2023
-
-
6
Investments
Other investments
Total
£
£
Cost or valuation
At 1 April 2023
499,961
499,961
Additions
162,345
162,345
Revaluation
79,437
79,437
Disposals
(154,176)
(154,176)
At 31 March 2024
587,567
587,567
Provisions/Impairment
Net book values
At 31 March 2024
587,567
587,567
At 31 March 2023
499,961
499,961
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
6,390
18,356
Loans from directors
16,04320,454
Other creditors
1,035985
Accruals and deferred income
-1
23,46839,796
8
Share Capital
Ordinary Share - £1
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Techniquant Ltd0716342231 March 202401 April 2023false31 March 2024BTCSoftware AP Solution 2024 11.2.0111.2.01true071634222023-04-012024-03-31071634222024-03-31071634222023-03-3107163422core:WithinOneYear2024-03-3107163422core:WithinOneYear2023-03-3107163422core:ShareCapital2024-03-3107163422core:ShareCapital2023-03-3107163422core:RetainedEarningsAccumulatedLosses2024-03-3107163422core:RetainedEarningsAccumulatedLosses2023-03-3107163422countries:UnitedKingdom2023-04-012024-03-3107163422bus:RegisteredOffice2023-04-012024-03-3107163422core:PlantMachinery2023-04-012024-03-31071634222022-04-012023-03-3107163422core:OtherResidualIntangibleAssets2023-04-01071634222023-04-0107163422core:OtherResidualIntangibleAssets2024-03-3107163422core:OtherResidualIntangibleAssets2023-03-3107163422core:PlantMachinery2023-04-0107163422core:PlantMachinery2024-03-3107163422core:CostValuation2023-04-0107163422core:AdditionsToInvestments2024-03-3107163422core:RevaluationsIncreaseDecreaseInInvestments2024-03-3107163422core:DisposalsDecreaseInInvestments2024-03-3107163422core:CostValuation2024-03-3107163422core:CostValuationcore:UnlistedNon-exchangeTraded2024-03-3107163422core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3107163422bus:SmallEntities2023-04-012024-03-3107163422bus:FullAccounts2023-04-012024-03-3107163422bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107163422bus:Director12023-04-012024-03-3107163422bus:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:pure