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REGISTERED NUMBER: 03255917 (England and Wales)














ComTek Accounts Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






ComTek Accounts Limited (Registered number: 03255917)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


ComTek Accounts Limited

Company Information
for the Year Ended 31 October 2024







Directors: Mr S A Smith
Mrs D Gardener
Mrs R A Scotney





Registered office: 6 Marlborough Court
Wisbech
Cambridgeshire
PE13 1LT





Registered number: 03255917 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ComTek Accounts Limited


The following reproduces the text of the report prepared for the directors 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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report 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 ComTek Accounts Limited for the year ended 31 October 2024 which comprise the Income statement, Statement of financial position 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 Board of Directors of ComTek Accounts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ComTek Accounts Limited and state those matters that we have agreed to state to the Board of Directors of ComTek Accounts Limited, as a body, 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 ComTek Accounts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ComTek Accounts Limited 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 ComTek Accounts Limited. You consider that ComTek Accounts Limited 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 ComTek Accounts Limited. 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.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


Date: .............................................

ComTek Accounts Limited (Registered number: 03255917)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 2,439 2,778
Tangible assets 6 15,213 19,394
17,652 22,172

Current assets
Debtors 7 28,472 14,834
Cash at bank and in hand 97,021 111,062
125,493 125,896
Creditors
Amounts falling due within one year 8 58,080 72,733
Net current assets 67,413 53,163
Total assets less current liabilities 85,065 75,335

Capital and reserves
Called up share capital 100 100
Retained earnings 84,965 75,235
85,065 75,335

ComTek Accounts Limited (Registered number: 03255917)

Statement of Financial Position - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by:





Mr S A Smith - Director


ComTek Accounts Limited (Registered number: 03255917)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statutory information

ComTek Accounts Limited 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.
Office equipment - 25% on reducing balance
Computer equipment - 25% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ComTek Accounts Limited (Registered number: 03255917)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

5. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 November 2023
and 31 October 2024 4,975 3,396 8,371
Amortisation
At 1 November 2023 4,975 618 5,593
Charge for year - 339 339
At 31 October 2024 4,975 957 5,932
Net book value
At 31 October 2024 - 2,439 2,439
At 31 October 2023 - 2,778 2,778

6. Tangible fixed assets
Office Computer
equipment equipment Totals
£    £    £   
Cost
At 1 November 2023 10,904 24,449 35,353
Additions 677 3,266 3,943
Disposals (3,953 ) (4,591 ) (8,544 )
At 31 October 2024 7,628 23,124 30,752
Depreciation
At 1 November 2023 5,077 10,882 15,959
Charge for year 1,601 4,208 5,809
Eliminated on disposal (2,884 ) (3,345 ) (6,229 )
At 31 October 2024 3,794 11,745 15,539
Net book value
At 31 October 2024 3,834 11,379 15,213
At 31 October 2023 5,827 13,567 19,394

ComTek Accounts Limited (Registered number: 03255917)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,955 11,183
Tax 1,492 -
Directors' current accounts 3,510 370
Deferred tax asset
Accelerated capital allowances 2,720 2,486
Prepayments 795 795
28,472 14,834

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 416 9,715
Social security and other taxes 5,460 2,619
VAT 20,528 15,665
Other creditors 127 127
Directors' current accounts 519 3,005
Accrued expenses 31,030 41,602
58,080 72,733

9. Directors' advances, credits and guarantees

During the year the company provided a director with an unsecured interest free loan. The aggregate amount loaned to the director during the year amounted to £3,509 (2023: £370). The amount outstanding at the balance sheet date was £3,509 (2023: £370). The balance is repaid within 9 months of the balance sheet date.