4 4 Tekh Limited 12194357 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of the provision of consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 12194357 2023-10-01 2024-09-30 12194357 2024-09-30 12194357 bus:OrdinaryShareClass1 2024-09-30 12194357 bus:OrdinaryShareClass2 2024-09-30 12194357 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2024-09-30 12194357 core:CurrentFinancialInstruments 2024-09-30 12194357 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12194357 core:Non-currentFinancialInstruments 2024-09-30 12194357 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 12194357 core:FurnitureFittingsToolsEquipment 2024-09-30 12194357 core:MotorVehicles 2024-09-30 12194357 bus:SmallEntities 2023-10-01 2024-09-30 12194357 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12194357 bus:FilletedAccounts 2023-10-01 2024-09-30 12194357 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12194357 bus:RegisteredOffice 2023-10-01 2024-09-30 12194357 bus:Director1 2023-10-01 2024-09-30 12194357 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 12194357 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 12194357 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12194357 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 12194357 core:MotorVehicles 2023-10-01 2024-09-30 12194357 core:Vehicles 2023-10-01 2024-09-30 12194357 countries:England 2023-10-01 2024-09-30 12194357 2023-09-30 12194357 core:FurnitureFittingsToolsEquipment 2023-09-30 12194357 core:MotorVehicles 2023-09-30 12194357 2022-10-01 2023-09-30 12194357 2023-09-30 12194357 bus:OrdinaryShareClass1 2023-09-30 12194357 bus:OrdinaryShareClass2 2023-09-30 12194357 core:CurrentFinancialInstruments 2023-09-30 12194357 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12194357 core:Non-currentFinancialInstruments 2023-09-30 12194357 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 12194357 core:FurnitureFittingsToolsEquipment 2023-09-30 12194357 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12194357

Tekh Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Tekh Limited

(Registration number: 12194357)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

56,204

72,150

Current assets

 

Debtors

6

7,954

19,958

Other financial assets

5

6,685

21,269

Cash at bank and in hand

 

45,609

52,859

 

60,248

94,086

Creditors: Amounts falling due within one year

7

(16,775)

(34,896)

Net current assets

 

43,473

59,190

Total assets less current liabilities

 

99,677

131,340

Creditors: Amounts falling due after more than one year

7

(12,348)

(10,736)

Provisions for liabilities

(10,679)

(18,038)

Net assets

 

76,650

102,566

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

76,648

102,564

Shareholders' funds

 

76,650

102,566

 

Tekh Limited

(Registration number: 12194357)
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 and 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 for issue on 29 April 2025 and signed on its behalf by:
 

.........................................

Dr S L Linfoot

Director

 

Tekh Limited

Notes to the 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:
2 Newlands Road
Haconby
Bourne
Lincolnshire
PE10 0UT

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

 

Tekh Limited

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

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furntiture, fittings and equipment

33% reducing balance

Vehicles

25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Tekh Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Tekh Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

4,281

97,335

101,616

Additions

2,499

-

2,499

At 30 September 2024

6,780

97,335

104,115

Depreciation

At 1 October 2023

2,473

26,993

29,466

Charge for the year

859

17,586

18,445

At 30 September 2024

3,332

44,579

47,911

Carrying amount

At 30 September 2024

3,448

52,756

56,204

At 30 September 2023

1,808

70,342

72,150

5

Other financial assets (current and non-current)

Financial assets
£

Total
£

Current financial assets

Cost or valuation

At 1 October 2023

21,269

21,269

Additions

4,715

4,715

Disposals

(20,461)

(20,461)

Fair value adjustments

1,162

1,162

At 30 September 2024

6,685

6,685

Impairment

Carrying amount

At 30 September 2024

6,685

6,685

 

Tekh Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

7,200

19,204

Prepayments

754

754

 

7,954

19,958

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

3,795

9,202

Trade creditors

 

109

109

Amounts owed to related parties

5,686

5,058

Taxation and social security

 

4,925

7,208

Other creditors

 

2,260

13,319

 

16,775

34,896

Creditors falling due within one year include net obligations under finance lease and hire purchase contracts which are secured of £3,795 (2023 - £9,202).

Creditors: amounts falling due after more than one year

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £12,348 (2023 - £10,736).

Non-current loans and borrowings

2024
£

2023
£

HP and finance lease liabilities

12,348

10,736

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

Ordinary A shares of £1 each

1

1

1

1

2

2

2

2