Registered number
08899642
Techmain Limited
Filleted Accounts
28 February 2025
Techmain Limited
Registered number: 08899642
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,936 5,248
Current assets
Debtors 4 3,359 2,194
Cash at bank and in hand 2,006 27,057
5,365 29,251
Creditors: amounts falling due within one year 5 (4,982) (3,043)
Net current assets 383 26,208
Net assets 4,319 31,456
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,219 31,356
Shareholders' funds 4,319 31,456
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Spencer Andrew Smith
Director
Approved by the board on 9 April 2025
Techmain Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 2,400 24,582 26,982
At 28 February 2025 2,400 24,582 26,982
Depreciation
At 1 March 2024 2,257 19,477 21,734
Charge for the year 36 1,276 1,312
At 28 February 2025 2,293 20,753 23,046
Net book value
At 28 February 2025 107 3,829 3,936
At 29 February 2024 143 5,105 5,248
4 Debtors 2025 2024
£ £
Trade debtors 3,359 -
Other debtors - 2,194
3,359 2,194
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 492 1,206
Other taxes and social security costs 1,826 926
Other creditors 2,664 911
4,982 3,043
6 Other information
Techmain Limited is a private company limited by shares and incorporated in England. Its registered office is:
8-9 Borough Court
Grammar School Lane
Halesowen
West Midlands
B63 3SW
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